327: The Pursuit of the Perfect Portfolio with Steve Foerster
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 7 November 2022
⏱️ 59 minutes
🧾️ Download transcript
Summary
My guest today is Steve Foerster. Steve is a Professor of Finance at Ivey Business School and holds a Ph.D. from the Wharton School and a CFA designation. He's won numerous teaching and research awards, including the William F. Sharpe Award, written textbooks, and is a former director and chair of the investment committee of Western's alumni endowment fund.
On top of all of that, he's published over 50 articles in journals such as the Journal of Financial Economics, the Journal of Finance, and the Financial Analysts Journal. His list of accomplishments are incredible, and I'm thrilled to have him on the show today to dig into his wisdom.
In his latest book, In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest, Steve and coauthor Andrew Lo tell the story of modern investing by profiling and interviewing some of the most prominent figures in the world of finance, including six Nobel Laureates and an innovator in the world of mutual funds. Through this work, he allows us to explore what the perfect portfolio might be–and shares fascinating information about how we invest today.
In our conversation, Steve and I discussed how he chose the 10 innovative investors who became the focus of his new book, how to take distinct investing approaches, and create a "super portfolio." We'll also dig into what goes wrong in so many conversations between investors of all ages and their financial advisors and much more.
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Transcript
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| 0:00.0 | Welcome to the Retire with Purpose podcast, a show specifically designed to help pre-retirees and retirees maximize their financial confidence. |
| 0:14.4 | Casey Wheat is a certified financial planner and president of Howard Bailey Financial. |
| 0:18.4 | His newest book, Job Optional, is a Wall Street |
| 0:21.3 | Journal bestseller and is available now on Amazon and at Retirewithpurpose.com. He's your host on |
| 0:27.9 | Retire with Purpose. Hey, I'm Casey, and I believe in retirement strategies that are driven |
| 0:33.7 | by meaning and purpose. Join me this week and every week as we discuss thoughts and ideas |
| 0:40.3 | with some of today's foremost experts in the field of finance and retirement, as well as |
| 0:45.8 | discussing trending topics that could impact your bottom line. These discussions can help you |
| 0:51.5 | make better financial decisions so you can live the lifestyle |
| 0:55.0 | you've always imagined and deserved. |
| 0:57.9 | Welcome to the show. |
| 1:02.1 | My guest today is Steve Forrester. |
| 1:05.5 | Steve is a professor of finance at Ivy Business School and holds a PhD from Wharton, as well as a CFA designation that |
| 1:13.3 | is chartered financial analyst for all of you out there. He's won numerous teaching and research |
| 1:18.2 | awards, including the William F. Sharp Award, he's written textbooks, and is a former |
| 1:22.4 | director and chair of the Investment Committee of Western's Alumni Endowment Fund. On top of all of that, |
| 1:28.6 | he's published over 50 articles in journals, such as the Journal of Financial Economics, |
| 1:33.8 | the Journal of Finance, and the Financial Analyst Journal. His list of accomplishments are |
| 1:38.5 | truly incredible, and I am thrilled to have him on the show today to dig into all of his wisdom in his latest book, |
| 1:46.7 | In Pursuit of the Perfect Portfolio, the stories, voices, and key insights of the pioneers who shaped the way we invest. |
| 1:52.7 | Steve and co-author Andrew Lowe tell the story of modern investing by profiling and interviewing some of the most prominent figures in the world of finance, |
| 2:01.8 | including six Nobel laureates and past podcast guest Jeremy Siegel. |
... |
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