

Chris Schindler - The Art of Wealth Creation: Insider Tips from Veteran Portfolio Manager
11 snips Dec 1, 2023
Chris Schindler, veteran portfolio manager and ex Toronto Teachers Pension Plan Managing Director, discusses risk parity, portfolio construction, systematic investment strategies, the importance of diversification, and the evolving economic climate. They also explore the significance of model building, bond yields, currency hedging, and emerging trends in private equity and alternatives. The interview provides insights into the challenges and opportunities in investing, advantages for smaller investors, and strategies for balanced portfolios. It concludes with recommendations for other podcast episodes.
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Hidden Risk in 60/40 Portfolios
- A 60/40 portfolio, primarily composed of equities, carries more risk than most investors realize.
- While seemingly safe, it's susceptible to significant drawdowns that can derail long-term financial goals.
Inflationary Gap in Stock/Bond Risk Parity
- Stock/bond risk parity aims to balance growth risk, but both asset classes are vulnerable to inflation risk.
- This shared vulnerability creates a significant gap in traditional risk parity strategies.
Mitigating Inflation Risk
- Incorporate another asset class to address inflation risk without increasing growth risk.
- Commodities provide a positive-paying hedge against specific types of inflation.