[REPLAY] Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Business, Investing

4.7 • 841 Ratings

🗓️ 12 December 2022

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Charley Ellis is one of the most highly regarded experts in the investment business. After spending nearly a decade as an equity research analyst in the 1960s, Charley founded financial services consulting firm Greenwich Associates in 1972 to help institutions understand what their clients think of them. Over 50 years, Charley has worked hand in hand with nearly every major financial institution in the world and has published sixteen books on investing, including his most recent "The Index Revolution: Why Investors Should Join It Now."

Charley is not just another preacher for index fund investing. He extols the virtues of indexing after having looked both broadly and deeply under the covers of some of the most successful active managers in the world.

Our conversation begins with a glimpse at what equity research and the structure of the markets looked like in the 1960s and the monumentally different way research is conducted and markets function today. Charley describes elegantly why indexing is a winner's game for many, and then walks through very special and rare qualities of three of the most successful active managers over the last few decades – Vanguard, Capital Group, and Yale University.

Charley is a brilliant communicator and masterful storyteller. I hope you enjoy the show as much as I enjoyed the conversation.

Learn More

Follow Ted on Twitter at @tseides or LinkedIn

Subscribe to the mailing list

Access Transcript with Premium Membership

Transcript

Click on a timestamp to play from that location

0:00.0	Capital allocators is brought to you by my friends at WCM Investment Management.
0:07.5	To outperform the markets, you have to do something differently from others.
0:11.9	In my 30-something years investing in managers, there may be no one I've come across who does that as clearly and as well as WCM.
0:20.0	I've seen it up close as an investor in their
0:22.3	international growth strategy for the last five years. WCM is a global equity investment manager
0:28.9	majority owned by its employees. They believe that being based on the West Coast, away from
0:34.7	the influence of Wall Street Groupthink, provides them with the freedom
0:37.9	to live out their investment team's core values, think different, and get better.
0:43.7	As advocates of integrating culture research into the investment process and advancing
0:48.3	wide moat investing with the concept of moat trajectory, WCM has delivered differentiated returns while building concentrated
0:56.2	portfolios designed to stand out from the crowd.
1:00.2	WCM is committed to defying the status quo by dismantling outdated practices, believing
1:06.2	in the extraordinary capabilities of its people, and fostering optimism to inspire each individual
1:12.2	to become the best version of themselves. To learn more about WCM, visit their website at WCMinvest.com.
1:21.3	And tune in to this slot on the show to hear more about WCM all year long.
1:26.9	This testimonial is being provided by Ted Sides and capital allocators who have been compensated a flat fee by WCM. His payment was made in connection with capital allocators' testimonial and production of podcasts, and does not depend on the success or level of business generated. The opinions expressed are solely those of capital allocators and may not reflect the opinions of others. Investing involves risk, including the possible loss of principle. Past performance is not indicative of future results. Please visit wcminvest.com for WCM's ADV and
1:48.0	further information. Today's show is brought to you by MFS Investment Management.
1:56.6	In today's complex bond market, it can be challenging for institutional investors to meet their
2:01.8	fixed income goals.
2:03.6	That's why MFS Investment's active 360 fixed income approach strives to capitalize on market
2:10.5	volatility, seeking alpha to drive long-term results.
2:14.9	Visit MFS.com slash fixed income to learn more.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ted Seides – Allocator and Asset Management Expert, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ted Seides – Allocator and Asset Management Expert and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.