Capital Ideas Podcast How to approach rainy-day investing in record-high markets
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Feb 13, 2025 Will Robbins, an experienced equity portfolio manager at Capital Group, discusses pragmatic strategies for navigating high market peaks and potential downturns. He emphasizes a disciplined approach to investing and highlights the importance of downside protection. Robbins shares insights on quantitative opportunities in slowing industries and reflects on his early investment experiences, including the impact of banking crises. His views on artificial intelligence and long-term valuation provide valuable guidance for investors seeking stability amid market volatility.
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Early Racetrack Lessons
- Will Robbins' grandfather taught him about risk management at the racetrack.
- He gave young Will and his siblings a few dollars to bet on horses, encouraging smart allocation.
Investing vs. Gambling
- Will Robbins learned that investing offered better odds than horse racing.
- He realized that racetracks have a 20% takeout, while the stock market historically returned 9-10%.
High School Investor
- In high school, Will Robbins was president of the Wall Street Club and managed a small part of the school's endowment.
- He even paid for spring break with a successful stock pick.