Lubos Pastor: ‘Judging Fund Managers by the Company They Keep’

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 7 March 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

A leading academic researcher on stock volatility, ESG and expected returns, the liquidity risk factor, and more.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York, purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.6	Hi, and welcome to the Longview. I'm Jeff Batt, Chief Ratings Officer for Morningstar Research Services.
0:38.7	And I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morningstar.
0:43.2	Our guest this week is Lubos Pastor. Dr. Pastor is the Charles P. McQuaid Professor of Finance at the University of Chicago Booth School of Business, where he's taught since 1999.
0:56.0	He's a leading researcher on financial markets and asset management, publishing numerous
1:01.0	award-winning papers that have been widely cited in the academic finance literature.
1:06.1	Dr. Pastor's research spans a number of areas, including liquidity risk, return predictability, active fund performance, and more. Dr. Pazor's research spans a number of areas, including liquidity risk, return predictability,
1:12.1	active fund performance, and more.
1:14.8	Dr. Pestor serves as director of the Center for Research in Security Prices and is a member
1:20.3	of the board of the Fama Miller Center for Research and Finance.
1:24.3	He also holds various positions outside of the Booth School, including serving as a member of the Bank Board of the National Board of Slovakia.
1:31.3	He received his PhD in finance from the Wharton School at the University of Pennsylvania.
1:37.3	Dr. Pastor, welcome to the Longview.
1:40.3	Thanks for having me. Great to be here.
1:42.3	Oh, it's our pleasure. Thank you so much for being on.
1:46.1	So we wanted to start. We're going to delve deeply into your research of which there is lots and there's lots of good stuff to dig into.
1:53.6	But we wanted to start it at a high level. You've lots of experience reviewing papers and choosing research collaborators. So we are curious based on that
	...

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