The Investors First Podcast

Our guest today is Eduardo Repetto, Chief Investment Officer for Avantis Investors. Avantis was established to help clients achieve their investment goals through a persistent focus on providing well-diversified investment solutions that fit seamlessly into asset allocations and combine the potential for added value with the reliability of indexing. Eduardo is responsible for directing the research, design and implementation of investment strategies, providing oversight of the investment team and the firm's marketing initiatives and interacting with clients. He is former co-Chief Executive Officer and co-Chief Investment Officer of Dimensional Fund Advisors and holds a doctorate in Aeronautics from the California Institute of Technology, a Master of Science degree in Engineering from Brown University, Civil Engineering from the Universidad de Buenos Aires. Eduardo is a Trustee of the California Institute of Technology. In todays episode, we will discuss Eduardo's journey from engineering to finance, the influence of great mentors, how to think about market prices, building investment solutions, and advice for young professionals. Our local co-hosts today are Steve Curley, CFA, and Frank Garcia, CFA, both of which are board members of CFA Orlando. Please enjoy the episode. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL

Our guest today is Chris Arnade, author of the best seller Dignity: Seeking Respect in Back Row America. A Florida native, Chris was one of the first quants on Wall Street and spent 20 years as a trader before becoming disenchanted in finance's role in the 2008 Great Financial Crisis, leading him to walk through the South Bronx and all over areas of the country that he describes as "left behind." Chris has a way of putting the current bipolarization in the US into words as well as anyone I've come across. We talk about our country's focus on quantifiable things like GDP and efficiency and lack of focus on intangible things like community, connection and religion. We also touch on the role of McDonald's in the country, why you may need to change what you think of McDonald's, and what he thinks is behind the mistrust of authority and others. Our local co-hosts today are Chris Cannon, CFA, and Colby Donovan, both of which are board members of CFA Orlando. Please enjoy the episode. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL Resources: Evicted: Poverty and Profit in the American City Paperback by Matthew Desmond Walking America: Orlando by Chris Arnade

Our guest today is Rick Bookstaber, co-founder and Head of Risk for Fabric, which provides factor-based risk management applications for investment advisors. Rick resume is as impressive as you can come across. He's held Chief Risk Officer roles at Morgan Stanley, Salomon, Bridgewater, and the University of California pension. He also worked at the U.S. Treasury post-2008 and helped write the Volcker Rule. He's the author of The End of Theory and A Demon of Our Own Design. In today's episode, we start with Rick's framework for looking at risk and what the cockroach can teach us about sound portfolio construction and risk management. Then Rick shares what he thinks are some of the biggest risks in the market today, including the Russian invasion of Ukraine and rising inflation and interest rates and QT. Finally, we get into his newest venture and why he chose to start a firm on helping financial advisors and individuals with risk management. Our co-hosts today are Steve Curley, CFA, and myself, Colby Donovan. Please enjoy the episode. Please enjoy our episode with Fabric's Rick Bookstaber. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL

Our guest today is Roger Urwin, Global Head of Investment Content with Willis Towers Watson. Roger joined Watson Wyatt in 1989 to start the firm's investment consulting practice and, under his leadership, grew to a global team of over 600. Roger has been influential with the CFA Institute and their Future of Finance initiative, as well as co-founder of the Thinking Ahead Institute. His investment innovations include three global firsts, one of which is the creation of the first target date and lifestyle defined contribution funds (1988). Roger is also Advisory Director at MSCI Inc. He has a degree in Mathematics and a Masters in Applied Statistics from Oxford University. In today's episode, we speak with Roger about his personal background, including a personal tragedy he experienced, followed by his professional background and his work at the Thinking Ahead Institute. We then do a deep dive on the current state of sustainable investing, which includes greenwashing, comparing investors globally, net zero, proxy voting, benchmarking and more. Our host today is Steve Curley, CFA & his guest host is James Sellon, CFA (Managing Partner, Maseco). Please enjoy the episode. Follow us on Twitter & LinkedIn.

Our guest today is Matt Brown. Matt is the Founder, CEO, and Chairman of CAIS. Found in 2009, CAIS, a fintech leader, empowers over 4,000+ unique advisor firms/teams who oversee more than $2T+ in network assets. Founded by a financial advisor, CAIS considers itself the first truly open marketplace for alternative investments, where financial advisors and asset managers can engage and transact directly. CAIS offers access to alternative strategies ranging from hedge funds to private equity/credit to real estate, digital assets, structured notes and more. CAIS is unique in that all funds on the platform undergo Mercer's due diligence and ongoing monitoring. They also offer an education platform called CAIS IQ, which helps educate advisors on alternative investments. In today's episode, we start in 2009 and discuss how difficult it must have been to launch CAIS during the great financial crisis. We then discuss the CAIS platform, competition, the democratization of alternatives and CAIS's value proposition. We later get into distribution (and why it isn't a negative term), their recent high profile fundraise and what they plan to do with the money to grow. Other topics range from artificial intelligence to the power of data, the accredited investor rule, CAIS IQ education platform, the importance of reporting and the value of soft skills. Our hosts today are Steve Curley, CFA & John Bowman, CFA of CAIA Association. Please enjoy the episode. Follow us on Twitter & LinkedIn.

Our guest today is Ben Savage. Ben manages Clocktower Technology Ventures and is responsible for all of Clocktower Group's private market activities. Our conversation covers the state of venture capital today, where fintech sits within the venture space, the convergence of public and private markets, and the importance of trust within financial services. Our co-hosts today are Steve Curley, CFA, and Colby Donovan. Please enjoy the episode. CFA Orlando is hosting JP Morgan's Dr. David Kelly for the 2022 Forecast Dinner on February 23rd at the Alfond Inn by Rollins College. Click here for more information and to register. Please note – you do not need to be a member of CFA Orlando or have the CFA designation to attend the event. Please enjoy our episode with Clocktower Technology Ventures' Ben Savage. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL

Our guest today is Jason Zweig. Jason has been a Columnist for the Wall Street Journal (WSJ) since 2008, writing the Intelligent Investor Column. Jason is on a short list of people globally that advocate for individual investors on a weekly basis and is somebody that embodies the spirit of The Investors First Podcast (putting investors first). Before joining the WSJ, Jason held positions with Money Magazine (Senior Writer) and Forbes (Mutual Funds Editor), while also serving as a guest columnist for Time magazine and cnn.com. He is author of Your Money and Your Brain, is editor of the revised edition of Benjamin Graham's The Intelligent Investor and his most recent book is The Devil's Financial Dictionary. In today's episode, we start with Jason's beginnings on a farm in upstate New York. We then compare traders vs. investors and discuss the gamification of investing, time on device (TOD; a term casinos often use as a measure of success), and the boredom market hypothesis (BMH; doing nothing). Jason then discusses how we can improve as an investor emotionally, the lone thing we can often control. We later discuss why investors don't incorporate human capital in their investment portfolio, demand for ESG, the importance of writing in plain English for investors, and the illusion of "conflict-free" financial advice. Last, we cover heroes in investing and the financial literacy industrial complex. Our hosts today are Steve Curley, CFA and Chris Cannon, CFA. Please enjoy the episode. Follow the CFA Society of Orlando on Twitter and LinkedIn. We invite you to join CFA Society Orlando on February 23rd for our 2022 Annual Forecast Dinner. our dinner's featured speaker, Dr. David Kelly, CFA, Chief Global Strategist and Head of Global Market Insights Strategy Team with J.P. Morgan Asset Management. Please note, you do not need to be a CFA charterholder or be a member of the society to attend. To learn more, click here.

Our guest today is Eric Sim. The header on his LinkedIn profile shows a banker, lecturer, speaker and writer, but he is actually much more. Eric is a proponent of the portfolio career, a topic for which he has become a thought leader and the most followed CFA charter holder globally with almost 3 million followers on LinkedIn. Based in Singapore, Eric reached the pinnacle of his career as a Managing director at UBS Investment Bank. He quickly realized that he could offer the world much more than being an investment banker and left his position at UBS. From there, he embarked on the portfolio career, founding the Institute of life, becoming a professor, a prominent speaker and now a global thought leader teaching others how to have a portfolio career of their own. In today's episode, we start with Eric's personal journey, how small actions can lead to big returns and the relevance of personal branding for anyone at any stage in their career. We then dive into details and tactics of personal branding, followed by a discussion on the three sources of capital (financial, human, and social) and the outsized returns that can be generated by investing in social capital. Our hosts today are Steve Curley, CFA and Marina Hayes, CFA. Please enjoy the episode. Follow the CFA Society of Orlando on Twitter and LinkedIn.

Our guest today is Drew Dickson, founder of Albert Bridge Capital and CIO of the Alpha Europe funds. Our conversation today focuses on Drew's application of behavioral finance and fundamental analysis. We start with his time at the University of Chicago and learning from people like Merton Miller, Gene Fama and Richard Thaler, and then hear how he applies those behavioral principles when analyzing the market today. We talk about the valuation differences between the US and Europe, and then specifically the differences between value and growth in both regions, and get his thoughts on some of the speculation we're seeing in the market today. As we wind down, we talk about some of Drew's posts about the intersection of investing and sports. We cover James Harden & the paradox of skill and Rick Barry and being willing to look different. Our co-hosts today are Frank Garcia, CFA, and Colby Donovan. Please enjoy the episode. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL Resources: Drew's Writing James Harden and Alpha Bill Sharpe and Hank Aaron Rick Barry and Lewis Carroll A Memo to Investors Should Europe Be Cheap Malcolm Gladwell's Podcast on Rick Barry: The Big Man Can't Shoot

Our guest today is Anthony Zhang, co-founder and CEO of Vinovest, the first of its kind investment platform where individual investors of all kinds can own fine wine (investment grade). He dropped out of the University of Southern California at the age of 20 when he was selected for the prestigious Thiel Fellowship, a two-year program that provides entrepreneurs under 23 a $100K grant to pursue their startups. Other companies he has held leadership or board positions include RateMyInvestor, Blockfolio, JOANY & JoyRun. He is also an active angel investor (portfolio holdings listed on LinkedIn profile). In today's episode, we begin with discussing Anthony's background as a serial entrepreneur, starting with the Thiel Fellowship, his pitch to Mark Cuban, and what led him to dropping out of USC. We quickly move to the life changing accident that Anthony experienced, including his painful rehab and his incredible return to save his company. We then discuss how his interest in wine led him to starting Vinovest. Then we get into the case for investing in wine, beta exposure and how you can generate alpha buying and selling wine. We also compare investing in wine vs. whiskey, storage, and most importantly, what success will look like for a Vinovest investor (performance vs. the U.S. stock market). Last, we discuss fundraising for a startup, his heavy hitter investors and the future of his company. Our host today is Steve Curley, CFA, Co-Founder of the Investors First Podcast and former President of CFA Society Orlando. Please enjoy the episode. Follow the Investors First Podcast & CFA Society of Orlando on Twitter and LinkedIn.