Jonathan is the Co-Founder and Chairman of Ruffer, a London-based investment firm focused on absolute returns. Jonathan shares his unique insights on financial market history, long-term cycles, and his market outlook, drawing on nearly five decades of experience.

In this engaging discussion, Josh Kanter, Founder and CEO of Leaf Planner, combines nearly 25 years of family office expertise with personal anecdotes. He dives into the importance of creating a family owner’s manual, emphasizing how clear communication is crucial for multigenerational wealth management. Josh also highlights the challenges wealthy families face, including navigating family dynamics and ensuring continuity. With insights on customizing privacy in wealth management, he offers practical advice on building sustainable legacies that prioritize values over mere financial capital.

Bob Prince, Co-CIO of Bridgewater Associates, shares nearly forty years of expertise in hedge fund management. He discusses the intricate art of portfolio engineering, emphasizing the necessity for diversification and strategic assessment in today's fluctuating markets. Bob highlights the psychological aspects of investing, urging investors to embrace humility and continuous learning. He also addresses the impact of global economic shifts and stresses the importance of adapting strategies to manage risks effectively. Get ready for invaluable insights that blend psychology with practical investment approaches!

Richard is the founder of Legacy Capitals and author of Legacy and Love Your Clients. He explores the human side of wealth and delves into family dynamics, generational challenges, and strategies for preserving legacies.

Jeff Gardner, a former Partner at Bridgewater Associates with nearly thirty years of experience, shares his investment wisdom. He dives into the art and science of investing, emphasizing the balance between emotional detachment and risk management. Jeff critiques common psychological mistakes investors make, like buying high and selling low. He explores current macroeconomic trends, focusing on inflation and growth, while warning of potential underperformance in US stocks. His insights on diversification and the future impacts of AI on markets are particularly thought-provoking.

Adam Katz, CIO of Irenic Capital Management, shares his dynamic journey through the world of activist investing. He emphasizes the importance of 'variant perception,' advocating for unique viewpoints to spot market inefficiencies. Adam discusses the intricate relationship between legal knowledge and investment efficiency, unveiling how it shapes shareholder rights. He also explores the challenges of risk management and strategies for creating long-term value in businesses, especially in an era influenced by passive investment strategies.

Lawrence Golub, Founder and CEO of Golub Capital, shares his expertise on private credit and direct lending. He reflects on his journey from investment banking to building a leading firm, highlighting lessons learned along the way. The conversation dives into the evolution of private credit, addressing inefficiencies and strategies that emerged over the years. Lawrence discusses the resilience of the sector in fluctuating economic conditions and emphasizes the importance of strong partnerships in navigating risks and enhancing financial outcomes.

Cliff Asness, the founder and CIO of AQR Capital Management, shares his journey from academia to leading quantitative investment strategies. He discusses the paradox of increasing market inefficiencies amidst advanced tech and behavioral influences. Emotional biases and their impact on investment decisions are explored, particularly in turbulent times. Asness also highlights the merits of trend following as a diversification strategy and critiques traditional risk measures, emphasizing the need for self-awareness in investment choices.

Andrew is co-founder of Oberland Capital, a healthcare investment manager with $3.5 billion in assets (as of 11/30/24). In this episode, he shares valuable insights into the challenges and opportunities across the U.S. healthcare industry, with a focus on biotech as a driver of innovation. Tune in to explore the evolving landscape and discover key investment opportunities from this industry expert.

David Chene, co-founder and co-portfolio manager of Kennedy Lewis, delves into the world of non-sponsor backed private credit. He draws intriguing parallels between Ironman racing and investing, emphasizing adaptability and strategic planning. Chene shares insights on the growth of private credit as a sought-after asset class, its appeal due to yield premiums, and how it serves as an alternative to traditional bank lending. He also discusses the importance of management strategies and explores investment opportunities in underinvested sectors like energy.