Masters in Business

A deep dive into the financial chaos of divorce, from immediate cashflow and custody triage to assembling a realistic first-year budget. Practical guidance on valuing houses, retirement accounts, private businesses, and avoiding common early-money mistakes. Clear explanations of tax traps, QDROs, and why accurate financial affidavits matter.

Kate Burke, CEO of Allspring Global Investments and former senior executive at AllianceBernstein, reflects on her rise from talent roles to top leadership. She discusses integrating investment boutiques while preserving autonomy. Conversation covers the renewed case for active fixed income, caution around private credit and illiquid alternatives, and practical AI uses and data hygiene in asset management.

Wes Gray, founder and CEO of ETF Architect and operator of Alpha Architect, who helps managers convert strategies into ETFs. He discusses what makes an ETF idea viable, typical launch timelines and costs, seed capital and breakeven math. He contrasts index versus active approaches, liquidity mechanics, and when ETFs are or are not the right vehicle.

Zach Buchwald, Chairman and CEO of Russell Investments and veteran of BlackRock and Morgan Stanley, discusses retirement’s shift from pensions to 401(k)s. He covers smart beta, OCIO strategies, how compounding can be taught with newborn accounts, and pragmatic uses of AI, private markets, and choice architecture to protect individual investors.

Cory Doctorow, a renowned science fiction author and digital rights activist, dives into the dark side of our internet experience. He details his concept of 'inshittification,' where platforms entrap users, worsen their experiences, and extract profit. Cory contrasts U.S. and EU regulations on privacy, discusses TikTok's issues stemming from weak laws, and examines Amazon's shift towards rent extraction. He also explores how algorithmic policies impact gig workers and questions the role of copyright in the age of generative AI, advocating for stronger worker protections.

Richard Thaler, a Nobel laureate and a pioneer in behavioral economics, and Alex Imas, a behavioral finance professor, delve into the quirks of human decision-making. They explore how mental accounting affects spending and the psychology behind NFL draft picks. The duo discusses the enduring nature of behavioral biases and the implications for investors, especially regarding the winner's curse in auctions. They also share insights on choice architecture to combat biases and the impact of gamification in trading, offering practical advice for aspiring economists.

Perth Tolle, founder of the Life and Liberty Indexes and creator of the Freedom 100 EM Index, shares her vision for investing without supporting autocracies. She discusses the importance of screening emerging markets for freedom and explains the ethical implications for investors. Tolle details her methodology, utilizing the Human Freedom Index to guide investment decisions and avoid dictatorships like China and Russia. Her approach champions ethical allocation while showcasing the potential of freer emerging markets to foster growth. A groundbreaking perspective on responsible investing!

Ben Hunt, co-founder of Perscient and author of the Epsilon Theory newsletter, shares insights from his transition from political science to AI-driven narrative analytics for investors. He highlights the importance of narratives over raw data in shaping markets, citing examples like Bernanke’s forward guidance. Hunt explains how Perscient processes vast amounts of unstructured data to identify recurring story patterns and signals for investment decisions, emphasizing the need for human oversight to guide AI and avoid misleading outputs.

In this engaging conversation, Cass Sunstein, a Harvard Law School professor and co-author of 'Algorithmic Harm', discusses the dual nature of algorithms in our lives. He uses a Star Wars analogy to illustrate how algorithmic harm can exploit our biases. The talk dives into how algorithms influence everything from consumer behavior to democratic processes by creating echo chambers. Sunstein also highlights the need for consumer protections and transparency in algorithmic practices, drawing a line between acceptable pricing strategies and exploitative tactics.

In this engaging conversation, Stephanie Drescher, Apollo’s Chief Client and Product Development Officer, shares insights from her impressive journey starting at JP Morgan. She discusses the growing importance of private markets and how they have become essential in investment portfolios, especially as public markets shrink. Stephanie highlights Apollo's unique company culture and their strategic focus on wealth distribution. Listeners will also learn about the innovative structures being introduced to make private markets more accessible to clients.