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RiskReversal Pod

How Brian Belski Will Manage Risk In 2026

RiskReversal Pod

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 5 November 2025

⏱️ 49 minutes

🧾️ Download transcript

Summary

In the latest episode of the RiskReversal Podcast, host Dan Nathan interviews Brian Belski, CEO and CIO of Humilis Investment Strategies. Belski discusses his decision to leave BMO after 35 years to start his own firm focusing on equities and portfolio advisory services. The conversation covers Belski's investment insights, including his emphasis on dividend growth and value investing, and his bullish outlook on sectors such as financials, small-mid caps, and industrials. They also delve into the current state of the market, the potential impact of Fed policies, and the concentration of market performance driven by big tech and AI. Belski shares his broader outlook for 2026, predicting a normalization of returns and highlighting the importance of diversification and earning growth. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

Transcript

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0:00.0

When will M&A activity pick up? Will this year mark the return of IPOs? Listen to strategic alternatives,

0:07.2

a podcast from RBC Capital Markets, to get insights on these questions and more. Explore the trends in

0:14.0

market forces impacting deal flow and find out how companies, investors are shifting their strategies

0:19.3

to drive growth and unlock value.

0:21.7

Listen and subscribe to Strategic Alternatives Today, available wherever you get your podcasts.

0:27.7

Guy, I'm sure you're already up to speed on all things current.

0:31.1

Of course I am.

0:31.7

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0:36.2

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started just go to current dot com slash okay that's okay a why go to current.com slash okay. That's okay-a-y. That's current.

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com slash okay. Current is a financial technology company, not a bank. Banking services provided by

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Choice Financial Group member FDIC and Cross River Bank member FDIC. Paycheck Advance is offered by

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Finco Advance LLC, a financial technology company,

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not a bank. Eligibility and available amounts may vary and are subject to change at any time.

1:17.4

For full terms and conditions, visit current.com or call 888-851-1172 for more information.

1:26.8

Welcome to the Risk Reversal podcast. I am Dan Nathan. That is Brian Belski. He is the founder, CEO, CIO of Humulus Investment Strategy. Nailed it. Did I nail it all, right? Nailed it. I didn't even have notes either. I didn't take out of the garbage, though. I'm chief compliance officer. Well, you got Ryan. He's going to be doing a bunch of stuff. He's the Swiss Army knife. The brains behind the operation. All right, let's we're going to do lots of stuff. We're going to do year end. We're going to do some of the big macro debates. We're going to do some of the sector, you know, debates. If you want to call them debates, it seems like no debate. It's,

2:01.5

you know, AI all the time. That's driving the train. We're going to talk about 2026 in your

2:05.6

outlook there. But first things first, I think a lot of our listeners, a lot of our viewers know you

2:10.3

from being a prolific strategist and money manager over at BMO Capital.

2:18.1

And did I say that right?

...

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