John Montgomery, Bridgeway Capital Management - A Factors-Based World View Resonated With Me | #323

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 23 June 2021

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 323, we welcome our guest, John Montgomery, founder and Chief Investment Officer of Bridgeway Capital Management, a $5 billion quantitative manager that donates 50% of its profits to charity. In today’s episode, we start by hearing what made our John leave a job in the Transit sector to start a quantitative investment firm. We walk through what drew him to a rules-based approach and then touch on different factors, including size, value, and low volatility. We even touch on Bridgeway’s ultra small cap strategy and how it captures the small-cap premium. As we wind down, we hear about the firm’s unique structure, which includes donating half its profits to charity with the goal of ending genocide. Please enjoy this episode with Bridgeway Capital Management’s John Montgomery. ----- Follow Meb on Twitter at @MebFaber ----- Today’s episode is sponsored by Yotta Savings. Yotta Savings is an FDIC-insured savings account with a big twist, saving with Yotta gives you the chance to win $10 million every week. For every 25 dollars deposited into your Yotta Savings account, you’ll receive a recurring ticket into their weekly sweepstakes to win cash prizes ranging from a few cents to $10 million. Open your account to start saving and start winning. Use invite code "MEB" on signup to earn 100 bonus tickets into next week's contest. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mepp Faber Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of
0:31.2	Cambria Investment or its affiliates. For more information opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:39.6	Hey, everybody. We have a huge episode for you today. I am thrilled to welcome our
0:44.1	guests the founder and chief investment officer of Bridgeway Capital Management,
0:48.4	one of the early and independent multi-billion dollar quantitative managers.
0:53.4	In today's episode, we start by hearing what made our guests leave the job in the transit sector
0:57.9	to start a quantitative investment firm.
1:00.5	We walk through what drew them to a rules-based approach and touch on different factors, size, value,
1:06.3	low volatility. We even touch on the firm's ultra small cap strategy. We used to be shareholders and
1:12.4	how it captures the small cap premium.
1:15.0	As we wind down, we hear about the firm's unique structure, which includes donating half of its profits to charity
1:22.0	with the goal of ending genocide.
1:25.0	American Farmland is disappearing at an alarming rate.
1:28.3	According to the USDA, the US has lost four acres of farmland per minute since 2000.
1:34.0	That's a landmass larger than the state of Florida,
	...

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