Finance professionals and authors Victor Haghani and James White discuss the puzzle of missing billionaire families and the impact of poor financial decisions. They explain the Merton model, expected utility theory, and dynamic asset allocation. They also explore optimal lifetime spending solutions and the relationship between money and happiness. A valuable resource for better financial decision-making.

Victor Haghani, author of "The Missing Billionaires" and former managing director at Salomon Brothers, shares his insights on wealth management. He discusses how poor risk decisions affect both investing and spending, questioning traditional wealth strategies. Haghani highlights the challenges of navigating wealth across generations and the critical role of diversification. He also explores the complexities of risk in finance and how information overload can derail decision-making. This conversation offers a refreshing perspective on sustainable wealth growth.

Former Managing Director at Salomon Brothers and co-founding partner of Long-Term Capital Management, Victor Haghani, discusses wealth management, investment philosophy, risk preferences, portfolio construction, tax-loss harvesting, and the impact of behavioral biases on investment decisions in a thought-provoking episode.

Victor Haghani, co-author of The Missing Billionaires, delves into optimal wealth allocation, retirement spending strategies, and the impact of leverage on investment returns. He shares insights on navigating low expected returns and emphasizes the importance of making wise financial decisions for a fulfilling life.

Victor Haghani, ex-LTCM partner, discusses missing billionaires and wealth management. Topics include active vs passive investing, book 'The Missing Billionaires', multigenerational fortune challenges, asset allocation, position sizing, and maintaining wealth. Insightful exploration of financial decisions and managing wealth for long-term stability.