The Long View

Don Graves and Wade Pfau discuss the benefits of utilizing home equity in retirement planning, focusing on reverse mortgages like the HECM. They explore strategies for leveraging home equity, managing risks, and the impact on financial strategies. The podcast delves into regulatory changes, protections, legacy planning, and utilizing housing wealth for responsible retirement income planning.

Scott Rick, a marketing professor, discusses tightwads and spendthrifts in relationships. Topics include emotions in financial decisions, spectrum between spenders and savers, 'what the hell effect', societal perceptions of spending habits, and strategies for managing finances in relationships.

Andrew Blake, Associate Director of Wealth Management for Cerulli Associates, discusses challenges in the financial advisory industry, such as broker/dealer consolidation and fee compression. He explores trends like the rise of independent RIAs, the importance of financial planning mentorship, and the evolving role of technology in financial advising. The podcast also covers the need for innovation in advisor services, the impact of advisor retirements on the industry, and the integration of financial advice programs in universities.

Our guest this week is Keith Lee. Keith has been lead portfolio manager on the Brown Capital Management Small Company Strategy since 1992. He and the Small Company team were named Morningstar’s Fund Manager of the Year for Domestic Equity in 2015, and the mutual fund carries a Morningstar Medalist Rating of Gold. Keith is also a member of the board of directors and chairman of the management committee for Brown, and he has held the positions of CEO and CIO. He is a trustee of the Baltimore Community Foundation and active in many other Baltimore-based philanthropies. He holds a BA and an MBA from the University of Virginia.BackgroundBioBrown Capital ManagementBrown Capital Management Small Company StrategyBrown Capital’s Proprietary Investment Philosophy“Morningstar’s 2015 US Fund Manager of the Year Award Winners Delivered Superior Performance,” Morningstar.com, Jan. 26, 2016.Brown Capital“The Oracle of Apopka: Meet Eddie Brown, One of Wall Street’s Greatest Untold Stories,” by Antoine Gara, forbes.com, May 28, 2019.“The Case for Going Small,” browncapital.com, March 27, 2023.“I’m a Black CEO. I’ve Been Discounted on Wall Street Because of my Skin Color,” by Eddie Brown, washingtonpost.com, July 8, 2020.“Team Decisions: Why Our Investment Team Structure Helps Us Make Better Decisions,” by Keith Lee, browncapital.com, Sept. 14, 2022.“How We Think About Performance,” by Keith Lee, browncapital.com, June 30, 2022.“Small Company Team Awarded Morningstar’s High ‘People Rating,’” browncapital.com, May 22, 2022.OtherBeating the Odds: Eddie Brown’s Investing and Life Strategies, by Eddie Brown“Opposites Attract: Why Financial Services Firms and ESOPS Are Made For Each Other,” by Mary Josephs, forbes.com, June 7, 2021.“Mutual Funds 2030,” PwC study, pwc.com.“Sizing the Prize—PwC’s Global Artificial Intelligence Study: Exploiting the AI Revolution,” PwC study, pwc.com.CognexBio-TechneVeeva Systems

Author and podcast host Jamila Souffrant shares insights on achieving financial freedom, setting goals publicly for accountability, balancing present happiness and financial security, evaluating lifestyle choices with 'guac levels', navigating materialism and family obligations, and encouraging engagement in personal finance journey.

Dan Ivascyn, Pimco's CIO, discusses the global economic outlook, market uncertainty, and investment strategies. They cover topics like Australia's economy, fixed income opportunities, geopolitical tensions, and the importance of asset allocation in volatile markets.

Damien Conover and Rebecca Springer discuss healthcare consumerization, obesity drug investments, Novo Nordisk's GLP1 drugs, challenges in healthcare transformation, and public perceptions of pharmaceutical firms. They also touch on AI in healthcare, ambulatory care models, investment landscapes, and regulatory scrutiny in private equity investments.

Greg McBride, Chief financial analyst for Bankrate.com, discusses the state of the economy, outlook for interest rates, maximizing savings returns, FDIC insurance coverage for high net worth clients, real estate market trends, financial literacy education, saving habits, and open budgeting in a detailed and insightful podcast conversation.

Carl Vine, co-head of Asian Investment for M&G, discusses the robust performance of the Japanese equity market, wage-price spiral, equilibrium return framework, detecting mispricings in changing companies, misconceptions about Honda and Toyota, Berkshire Hathaway's interest in Japanese stocks, and opportunities in Japanese small cap companies.

Meir Statman, finance professor, discusses behavioral finance and well-being. Topics include wealth's impact on happiness, mid-life challenges, family support, and dimensions of well-being. Emphasizes the importance of holistic financial planning for overall life satisfaction.