#102 - Alex Shahidi: Top 10 Insights of 2025 (Part 1)

Dec 23, 2025

Guest

Andrew Metrick

Guest

Cliff Asness, the Founder and CIO of AQR Capital Management, offers insights on how technology and social media amplify bubble risks in markets. Eduardo Rapeto emphasizes the efficacy of systematic stock selection and integrating factors into valuation for better investment decisions. Bob Luzan introduces innovative asset-based lending strategies aimed at distressed firms, while Dr. Richard Orlando highlights the importance of guiding wealthy families through governance and purpose. Paul Pagnato reframes the concept of longevity to focus on healthspan, not just lifespan.

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INSIGHT

Systematic Valuation Closes Active-Passive Gap

Technology and systematic approaches have narrowed the gap between passive indexing and traditional stock picking.
Eduardo Rapeto argues valuation integrated with diversified, low-cost models can capture inefficiencies without special information.

ADVICE

Exploit Price Versus Fundamentals

Use market prices versus fundamentals to identify expected returns rather than claiming unique informational advantages.
Compare companies' prices to balance sheet and cash flows to find higher expected-return opportunities.

INSIGHT

Activism As A Public-Market Value Mechanism

Activist public investors can add value by influencing operational, capital allocation, governance, and investor communication.
Adam Katz emphasizes owning enough shares to create change rather than staying passive.

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As 2025 draws to a close, we’re proud to present the year’s top 10 insights, ranked from 10 to 1. This episode features insights 10 through 6, while our final release of the year will unveil the top 5.

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(As of December 22, 2025)