Masters in Business

Liz Ann Sonders, chief investment strategist at Charles Schwab, brings a wealth of knowledge on market cycles and investor psychology. She shares insights gained from mentors like Marty Zweig and discusses the evolution of her role in macro analysis. Liz Ann highlights how today's individual investors are thriving and the importance of sentiment in trading decisions. She warns about behavioral traps from concentrated stock positions and explores the impacts of tariffs on consumer prices, all while reflecting on the complexities of navigating modern markets.

Dave Nadig, President and Director of Research at ETF.com, shares his expertise on the evolving landscape of active ETFs. He discusses the resurgence of these funds and the challenges of understanding their performance, warning that most active managers tend to underperform. The conversation dives into the benefits and risks of tokenization in ETFs, transparency issues, and untested investment strategies. Nadig emphasizes the need for savvy due diligence when evaluating new products to navigate this complex and sometimes speculative market.

Join Mishal Husain as she dives into conversations with influential figures, including Prime Minister Keir Starmer, who discusses political promises and Palestinian statehood. Explore storytelling with Jesse Armstrong, who reveals his fascination with power dynamics over wealth. Shonda Rhimes shares insights on diversity in television and addresses the 'woke' critique of Bridgerton. With a format that blends curiosity and personal connection, each week brings an essential dialogue illuminating the changing world.

Henry Ward, the founder and CEO of Carta, shares his journey from a failed startup to revolutionizing private market access. He discusses the transformation of cap table management from paper to digital and highlights the challenges of scaling a startup. Ward emphasizes the growing importance of private companies and the need for retail investors to tap into private capital. He also reveals his unique criteria for expanding Carta’s services and offers insights on navigating entrepreneurship, blending skill, luck, and perseverance.

In this insightful discussion, Jeffrey Patak, a managing director at Morningstar and expert in fund performance analysis, sheds light on the 'Mind the Gap' study. He explains the significant difference between the returns of investment funds and what investors actually experience, revealing a 1.2% annual gap. Jeffrey delves into behavioral finance, identifying how chasing winners and poorly timed trades can hinder returns. He also offers practical tips to minimize this gap, emphasizing the importance of automation, diversification, and sticking to a long-term plan.

Jurrien Timmer, Director of Global Macro at Fidelity Investments, shares insights from his dynamic career, beginning in Aruba and evolving into a market strategist. He discusses his innovative 'barbell approach' to investing, balancing tech stocks with non-US equities. Timmer analyzes the implications of recent Treasury trends, market cycles, and the current economic landscape. He also highlights the pivotal role of gold and alternative investments in today's portfolio, encouraging adaptability and continuous learning for investors.

Brandon Zick, Chief Investment Officer of Ceres Farmland Fund, dives into the intriguing world of farmland investing. He discusses how farmland acts as a solid inflation hedge while offering diversification and appreciation. The conversation covers unique sourcing strategies, regional advantages in the Great Lakes, and the rising demand for data centers. Zick also highlights challenges such as climate impacts and competition from institutional investors, making a compelling case for why farmland should be a serious consideration in one's investment portfolio.

Join Jose Minaya, the Global Head of BNY Investments and Wealth, as he delves into the exciting world of asset management. With a rich background in buy-side trading and a history of scaling investment platforms, he explores the transformative impact of blockchain and AI. Discover how tokenization is revolutionizing asset settlement, enabling T+0 processes, and enhancing productivity through digital employees. Minaya also discusses the shift toward alternative investments and their critical role in portfolio diversification.

Dave Nadig, President and Director of Research at ETF.com, shares his vast knowledge of the ETF landscape. He highlights an upcoming surge of nearly 1,000 new ETFs, many of which are complex and high-fee products. Nadig discusses the risks of these expensive options and the emergence of innovative trends like crypto and single-stock ETFs. He also covers how the SEC's regulatory environment has led to a proliferation of leveraged ETF structures and explains why ETFs may be the most tax-efficient investment vehicle moving forward.

Dmitry Balyasny, managing partner and CIO of Balyasny Asset Management, shares insights from his journey as a trader and hedge fund founder. He discusses the influence of his Ukrainian roots on risk tolerance and resilience. Dmitry explores the evolution of trading tech, the importance of internal risk management strategies, and the dynamics of multi-strategy investing. He offers a candid look at the competitive landscape and the transformative potential of AI, while also touching on his philanthropic work with the Atlas Fellowship.