We Study Billionaires - The Investor’s Podcast Network TIP380: A Holistic Approach w/ David Schawel
Sep 19, 2021
David Schawel, CIO of Family Management Corporation, discusses navigating investment opportunities amid market uncertainties. He shares his experiences starting his career during the global financial crisis and provides insights into the current banking landscape. Schawel highlights surprising market metrics from 2021 and emphasizes a holistic approach to investing in resilient companies like Adyen and Google. Plus, he offers valuable stock recommendations that reflect a forward-thinking strategy in today's volatile environment.
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Trial by Fire
- David Schawel started at Square One Financial during the 2008 financial crisis.
- He transitioned from credit analysis to managing a failing bond portfolio.
Mortgage Crisis Root
- The pre-2008 mortgage market saw a surge in non-agency mortgages.
- Lax regulations and teaser rates fueled creativity and poor underwriting.
Banking Sector Risk
- Banks currently benefit from easy funding and strict lending regulations.
- Lending risks have shifted from regulated banks to shadow banking.