Episode 331 - Cameron in Norway: The Indexing Revolution, and Key Lessons from Past Guests
The Rational Reminder Podcast
The Shift to Index Investing
This chapter explores the transformative journey towards index investing, underscoring the importance of curiosity in financial practices. It recounts personal experiences and memorable anecdotes, revealing the lessons learned about market dynamics and customer care. Additionally, the dialogue addresses misconceptions around indexing versus traditional active management, emphasizing the efficiency of markets despite common investor skepticism.
In today's episode, Cameron sits down with Mark McGrath to talk about his trip to Trondheim, Norway, the event he attended there, and his presentation in which he shared top lessons from prestigious Rational Reminder Podcast guests. Tuning in, you'll hear Cameron's top takeaways from conversations with Nobel laureate Eugene Fama and his collaborator Kenneth French, as well as Robert Merton, Antti Ilmanen, Professor Ludovic Phalippou, and more. We also delve into the changing industry trends regarding index investing and the many benefits that come with embracing it, including how it helps financial advisors better serve their clients. Stay tuned for our after-show section, where we discuss advice for new advisors, from developing a robust investment philosophy to building a network, along with insights to help consumers navigate the industry and much more. To learn all about Cameron’s trip to Norway, top guest takeaways, and industry trends around index investing, be sure to tune in!
Key Points From This Episode:
(0:01:13) An overview of today’s episode and a discussion on industry trends.
(0:03:56) Our conversation with Håkon Kavli on managing Reitan Kapital.
(0:04:38) What it was like for Cameron to meet Håkon Kavli and Magnus Reitan in Norway.
(0:05:42) The excellent event in Trondheim, Norway, and their impressive lineup of speakers.
(0:08:56) Unpacking industry trends in index investing and why more people are embracing it.
(0:09:42) The light bulb moment for Mark and Cameron regarding index investing.
(0:19:07) Highlights from our interviews with Eugene Fama, Ken French, and Robert Merton.
(0:25:28) Dr. Annamaria Lusardi's insights and takeaways from our John Cochrane interview.
(0:29:05) Top lessons from our conversation with Antti Ilmanen on low-expected returns.
(0:30:58) Insights from talking with Professor Ludovic Phalippou about private equity.
(0:32:22) Closing thoughts on Cameron’s presentation in Norway and index investing trends.
(0:39:44) Our aftershow segment: advice for new advisors, ways the industry has changed, tips for consumers, technology insights, personal updates, and more.
Links From Today’s Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/
Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder
Rational Reminder on YouTube — https://www.youtube.com/channel/
Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/
Benjamin on X — https://x.com/benjaminwfelix
Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/
Cameron Passmore — https://pwlcapital.com/our-team/
Cameron on X — https://x.com/CameronPassmore
Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/
Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP
Episode 321: Evidence in Practice with Håkon Kavli – https://rationalreminder.ca/podcast/321
Professor Marcos López de Prado — https://www.orie.cornell.edu/faculty-directory/marcos-lopez-de-prado
Erik Hilde — https://www.linkedin.com/in/erik-hilde-9570a785/?originalSubdomain=no
Dan Bortolotti — https://www.canadianmoneysaver.ca/authors/dan-bortolotti
Canadian Couch Potato Blog — https://canadiancouchpotato.com/
Canadian Couch Potato Podcast — https://canadiancouchpotato.com/podcast/
Justin Bender — https://www.linkedin.com/in/justin-bender-cfa-cfp%C2%AE-tep-195b8b27/?originalSubdomain=ca Episode 200: Prof. Eugene Fama — https://rationalreminder.ca/podcast/200 Tune Out the Noise — https://www.dimensional.com/film Episode 100: Prof. Kenneth French — https://rationalreminder.ca/podcast/100 Episode 234: Prof. Robert C. Merton — https://rationalreminder.ca/podcast/234
Episode 232: Dr. Annamaria Lusardi — https://rationalreminder.ca/podcast/232 Episode 169: Prof. John Cochrane — https://rationalreminder.ca/podcast/169
Episode 202: Antti Ilmanen – https://rationalreminder.ca/podcast/202
Episode 210: Prof. Ludovic Phalippou — https://rationalreminder.ca/podcast/210
Fama and French Three Factor Model — https://www.investopedia.com/terms/f/famaandfrenchthreefactormodel.asp
Books From Today’s Episode:
Investing Amid Low Expected Returns — http://www.aqr.com/serenity
The Empowered Investor — https://www.amazon.ca/Empowered-Investor-Canadian-Investment-Experience/dp/0991978307
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