Bonus Episode: Leigh Drogen - Revenge of the Humans

The Meb Faber Show - Better Investing

The Idea Farm

Investing, Management, Business

4.8 • 978 Ratings

🗓️ 10 September 2018

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We recently published The Best Investment Writing, Volume 2. The first book was a hit, with MoneyWeek concluding that it “should be on every investor’s bookshelf.” But we made the second volume even better – we expanded it to include 41 hand-selected investment articles, written by some of the most respected money managers and investment researchers in the world. We thought it would be fun to bring on some of the authors so that they could read their specific chapter from the book. That’s what you’re getting in today’s special bonus episode. If you’re interested in picking up a copy of The Best Investment Writing, Volume 2, head on over to Amazon or our publisher’s website, which is Harriman House. Also, know that your purchase would benefit charity, as all writer-proceeds go to the charity of the specific author’s choosing. So, enough from me, let’s let Leigh take over with this special bonus episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome podcast listeners. Today we have a fantastic bonus episode for you.
0:11.2	We recently published our new book, The Best Investment Writing
0:14.2	Volume 2. The first one was a hit with Money Week concluding that it should be on
0:18.1	every investor's bookshelf. But we made the second volume even better. We
0:22.1	expanded it to include 41 hand selected investment
0:25.2	articles written by some of the most respected money managers and investment researchers in the world.
0:30.2	We are really proud of it. We also thought it would be fun to bring on some of the authors and have them read their specific chapter from the book.
0:36.0	So that's what you're getting in today's special bonus episode.
0:39.0	If you're interested in picking up a copy of the Best investment writing volume two head on over to
0:43.5	Amazon or a publisher's website which is Harryman House. Also know that your
0:47.8	purchase will be benefiting charities as all the writer proceeds to go to the
0:51.4	charity of the specific author's choosing.
0:54.1	So enough for me, let's get to our guest author take over with this special bonus episode.
1:01.2	Revenge of the Humans Part 1, how discretionary managers can crush the systematics.
1:07.0	Six months ago I found myself in our Estamized office sitting across the table from a hedge fund portfolio manager who said something
1:14.9	I honestly couldn't believe.
1:17.1	According to this PM, who runs a $500 million long short book at a large multi manager fund, he was taking a data science course at night after work.
1:26.6	He told me, quote, if I don't learn how to do quantitative analysis, I'm not going to have a job in two years. A second said the same thing to me a week later.
1:35.0	Two weeks after that, I received an email from the school providing that very course, inquiring if I could teach a data science class specifically for finance to 25
1:45.6	members of a hedge fund who had contracted them. These are just a few
1:50.4	anecdotes among many in the absolutely massive transformation taking place right now within the discretionary institutional management industry.
1:59.0	Discretionary managers have woken up and are now scrambling to understand what's taking place and how they must change
	...

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