AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
In this episode, Ken Winans, an investment management entrepreneur and author, shares insights on financial history and lessons learned. He emphasizes the importance of studying financial history, highlighting its value in making informed investment decisions. Ken discusses the significance of history in understanding market cycles and patterns, advocating that investors should not ignore the lessons learned from the past.
Ken Winans delves into the impact of inflation on investment strategies, addressing the challenges it poses to investors. He points out that inflation erodes buying power, leading to increased costs and financial pressures for individuals. Ken emphasizes that investors need to adapt their portfolios to combat inflation, considering alternative investments like commodities that perform well during high inflation periods.
Ken Winans provides insights into the changing landscape of bond investments, especially in times of high inflation. He highlights the limitations of traditional bond strategies in combating inflation, considering the low interest rate environment. Ken advises investors to reassess their bond allocations, opting for shorter-term maturities and diversification to mitigate the impact of inflation on bond returns.
During an inflationary cycle, it's crucial to diversify investments and avoid overreliance on credit ratings, as demonstrated by the 2008 financial crisis. Companies can manipulate ratings, and opinion differences between short-term and long-term bonds are minimal. To mitigate risk, consider owning stock in solid companies and lending to average ones, favoring a diversified portfolio of higher-yield bonds to withstand potential defaults.
Inflation-protected securities like TIPS adjust bond payments based on inflation rates, providing a hedge against inflation risks. Meanwhile, venturing into commodities demands a deep understanding of market dynamics and risk management akin to motorcycle riding. Commodity ETFs and cryptocurrencies require caution due to liquidity issues and new market behaviors, urging individuals to seek expert guidance like commodity trading advisors to navigate these complex markets effectively.
Clay Finck chats with Ken Winans about the lessons that he has learned from studying financial history. Ken is an investment management entrepreneur, an author, and an active philanthropist.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
06:21 - What lessons Ken has learned from studying financial history and relating it to today’s market environment.
14:34 - Ken’s approach to constructing a portfolio for his clients.
32:20 - Why January is often an indicator of how the market will perform throughout the year.
39:05 - Ken’s thoughts on holding bonds in the current market environment.
44:15 - Whether TIPS are a wise investment instead of bonds.
59:01 - The biggest mistakes Ken sees in the clients he has worked with.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
SPONSORS
Support our free podcast by supporting our sponsors:
Connect with Ken: Website | LinkedIn
Connect with Clay: Twitter
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode