The Long View Scott Bondurant: Why Mean Reversion Means Your Portfolio Should Have More Stocks
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Sep 9, 2025 Scott Bondurant, the founder and chief investment officer of Bondurant Investment Advisory and an adjunct professor at Northwestern University, delves into mean reversion in financial planning. He highlights how this principle can influence retirement portfolios, suggesting more stocks may be beneficial. Scott also critiques traditional models and discusses innovative tools like Nebo software for personalized planning. Alongside, he shares his fascinating journey from collegiate tennis champion to finance expert, emphasizing the importance of enjoying both wealth and community in retirement.
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From Tennis Courts To Trading Desks
- Scott shifted from pro tennis to law school then to finance after seeing trading desks and interning at Bear Stearns.
- He earned an MBA at Duke and began a career in institutional equities at Kidder Peabody.
Why He Left Big Firms
- Scott moved from big firms to running hedge-fund style investing and later started his own advisory after retiring from the large firm environment.
- Teaching at Northwestern and client interest led him to form Bondurant Investment Advisory seven years ago.
Speculation Is The Market's Constant
- Market history repeatedly shows cycles of speculation, booms, and busts across eras from tulips to AI.
- Good models are imperfect but useful for forecasting; history informs risk and return expectations.
