Facts vs Feelings with Ryan Detrick & Sonu Varghese

Talking About Everything Under the Sun with Eddy Elfenbein (Ep. 84)

May 8, 2024

Portfolio Manager, Eddy Elfenbein, shares secrets of stock picking in a passive investing era. He discusses his unique ETF strategy, market segmentation, dividend vs buybacks, long-term investments, labor trends, Fed's interest rates impact, and insights on stocks vs. bonds.

Ask episode

Chapters

Transcript

Episode notes

Introduction

00:00 • 4min

The Art of Stock Picking and Evolution of Investing Strategies

03:58 • 7min

Market Segmentation, Investment Preferences, and the 2024 Election Impact

10:53 • 2min

Comparing Dividends and Stock Buybacks for Shareholder Returns

13:23 • 5min

Long-Term Investment Strategies with ETF Portfolio

18:51 • 8min

Analyzing Labor Market Trends

27:20 • 7min

Analysis of the Fed's Stance on Interest Rates and its Market Impact

34:20 • 5min

Stocks vs. Bonds and Unique Insights on Markets

39:47 • 7min

The art of stock picking is a skill that can lead to significant rewards for those who master it.

How does one sift through the noise to identify undervalued gems? What does it take to maintain a long-term perspective in a market driven by short-term sentiments?

In this episode, Ryan Detrick, Chief Market Strategist at Carson Group & Sonu Varghese, VP, Global Macro Strategist at Carson Group, sit down with Eddy Elfenbein, Portfolio Manager, to explore his journey as a well-known stock picker. They dive into several topics, such as Eddy's approach to selecting stocks, his ETF, thoughts on macroeconomic trends, and the importance of being optimistic about the stock market.

Eddy discusses:

The thrill and challenges of being a true stock picker in an era dominated by passive investing
The evolution of his career, from sharing stock picks on his blog to managing an ETF with a unique fulcrum fee structure
The importance of simplifying complex market concepts and the dangers of Wall Street’s tendency to overcomplicate
Insights into the macroeconomic picture, exploring employment rates, nominal GDP growth, the strength of the labor market, and interest rates
And more!

Resources:

Any questions about the show? Send it to us! We’d love to hear from you! factsvsfeelings@carsongroup.com

Connect with Eddy Elfenbein:

Connect with Ryan Detrick:

Connect with Sonu Varghese:

About Our Guest:

Eddy Elfenbein is a passionate and dedicated individual who has devoted his career to helping investors navigate the stock market.

He is the founder of a website, Crossing Wall Street, where he shares his unbiased views on the market.

Eddy believes in the power of the stock market as the most consistently successful way to make money over the long term. He is a firm advocate of the ‘buy and hold’ strategy, emphasizing the importance of investing in outstanding companies.

His goal is to help people avoid common investing mistakes and become successful investors.

In addition to his website, Eddy also manages an Exchange Traded Fund (CWS) based on his Buy List.