Two Quants and a Financial Planner Timeless Investing Lessons | Breaking Down Corey Hoffstein's 15 Lessons from 15 Years Managing Money
13 snips
Jun 10, 2024 Finance expert Corey Hoffstein shares 15 timeless investing lessons, discussing risk transformation, diversification in portfolios and relationships, 'havzies' concept, barbell portfolios, and the limitations of past performance. The hosts explore practical applications of these lessons in investing and financial planning.
AI Snips
Chapters
Transcript
Episode notes
Risk Transformation
- Risk cannot be destroyed, only transformed.
- Consider the hidden risks when mitigating others.
No Pain, No Premium
- Enduring pain is often necessary for achieving premiums, like in value investing.
- Uncertainty exists even if a premium is expected long-term.
Diversify Cheap Betas
- Diversify cheap betas as much as expensive alphas.
- Return stacking with diversified assets can be superior to chasing alpha.