The JRo Show
Interview with Ric Dillon, founder and CEO of Vela Investment Management
Jun 6, 2024
Ric Dillon, co-founder and CEO of Vela Investment Management, previously led Diamond Hill Investments to acclaim. In this conversation, he shares Vela's unique valuation-centric investment philosophy and collaborative approach. Dillon explains the benefits of long/short strategies and options trading while discussing their iterative research process for idea generation. He underscores the importance of risk management and timing in investing, using a case study on Merck to illustrate key selling strategies, all while looking forward to Vela’s growth and future initiatives.
50:03
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Quick takeaways
- Ric Dillon emphasizes Vela Investment Management's evaluation-centric philosophy and alignment of interests to ensure client-centered investment strategies.
- Vela employs a diversified strategy utilizing both traditional stocks and options to adapt to market conditions while preserving capital.
Deep dives
Innovative Fee Structure of Public.com
Trading options often incurs various fees such as commissions and per-contract costs, which can significantly affect investor returns. Public.com stands out in this aspect by not charging commissions or per-contract fees, offering a rebate of up to 18 cents per option contract traded. For example, if an investor were to trade 1,000 contracts, they could receive up to $180 in rebates, greatly enhancing their profit potential. This fee structure presents a compelling option for traders looking to maximize returns while minimizing costs.
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