Pods & Recs: No. 91

Today we have an episode on why passive investing is flawed, a great listen on financial history, an episode on the importance of thinking with your gut, and a conversation with Adam Grant.

If you missed the last few editions of Pods & Recs, feel free to view them here: 90, 89, and 88.

~ Join others who receive podcast emails once a week about business, sports, leadership, success and more! Sign up here ~


  • ***Must Listen*** Superinvestors: #31 — Rob Arnott on Engineering A Better Index. Arnott is the chairman of Research Affiliates, which advises on over $195 billion in investment assets. He begins with his background and then gets into his methodology and problems with passive investing at the 22:25 mark. Arnott argues that the market-cap weighting of most passive portfolios hurts long-term returns and investors would be better served by having an equal weight portfolio. A must-listen for both individual and institutional investors. [December 4, 2019–1 hour, 5 minutes] iTunes Podcast | Overcast | Breaker | Website Link
  • Cautionary Tales: Buried by the Wall Street Crash. This fun episode addresses the fact that even the most intelligent minds aren’t always correct in predicting future market performance. Both Irving Fisher and John Maynard Keynes, two of the greatest economists who have ever lived, were caught off guard by the Wall Street crash in the early 1900’s and lost a significant amount of money. But what separated the two was Keynes’ ability to change his mind and embrace a different style of investing (similar to Warren Buffett), while Fisher became stubborn, doubled down, and lost everything. The episode brings in Phil Tetlock, author of the book Superforecasting: The Art and Science of Prediction, to address what we can all do to become better forecasters: become actively open minded thinkers who embrace disagreements with others as an opportunity to learn. [December 6, 2019–39 minutes] iTunes Podcast | Spotify | Overcast | Breaker | Website Link
  • Wall Street Unplugged: How to find the best value stocks for massive, short-term returns. The first 9:15 is a brief market update, and then Meb Faber, CEO and Chief Investment Officer of Cambria Investment Management, joins the episode until the 43 minute mark. Meb stresses two points: 1) investors should have a globally diversified portfolio (especially important given the high valuations of the U.S. market) with a tilt towards value, shareholder yield and momentum, and 2) the last way for an individual investor to get alpha is by having a long-term time horizon. [December 4, 2019–1 hour, 2 minutes] iTunes Podcast | Overcast | Breaker | Website Link

The Rest

  • ***Must Listen*** EconTalk: Gerd Gigerenzer on Gut Feelings. Gigerenzer is a psychologist and author of Gut Feelings: The Intelligence of the Unconscious, who joins the episode to argue for heuristics over complex models when making real world predictions. This episode was a great listen to help with decision making and addresses situations when we should trust our gut over a model. He argues that more information isn’t always better and we need to be have a more thoughtful approach to what variables are used in our models. [December 2, 2019–1 hour, 8 minutes] iTunes Podcast | Spotify | Overcast | Breaker | Website Link
  • The Tim Ferriss Show: #399: Adam Grant — The Man Who Does Everything. Grant is an organizational psychologist at UPENN, where he has been the top-rated professor for seven straight years, and author of multiple best-selling books, including Originals: How Non-Conformists Move the World. The episode has a wide range of tips and tricks to become a more productive employee, colleague, and leader. Grant talks about how he has grown to embrace feedback and become more open to criticism, how he structures his work day, his process of becoming a better professor, and much more. One interesting fact was that of all the personality traits that predict performance, regardless of title, conscientiousness is the most important.[December 5, 2019–2 hours, 3 minutes] iTunes Podcast | Spotify | Overcast | Breaker | Website Link




Here to bring you podcast suggestions. Twitter → @colby__donovan

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Where to find help with financial planning in Portland

California bankruptcy and divorce — and our house?

The Dirty Secret about Melvin Capital, Reddit, and GameStop

Passive income is all the rage

What are the basics of technical analysis?

8 Best Short-Term Investment Strategies (in 2019) — Finance With Thomas

Can 16–17 years old student rent flat in UK?

READ/DOWNLOAD@* The Due Diligence Handbook For Com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Colby Donovan

Colby Donovan

Here to bring you podcast suggestions. Twitter → @colby__donovan

More from Medium

Personal Finance Zero to Hero Lesson 2/10: Planning

Money, Happiness, and Life

My 5 struggles on the FI Journey

Dealing with FOMO is Such a Big Deal