Welcome podcast friends we have a fantastic episode for you today.

Last year we brought listeners the entire volume of the

best investment writing volume three in audio format right here on the

podcast. Listeners loved it so we're running it back again this year,

of the best investment writing volume four.

You'll hear from some of the most respected money managers

and investment researchers from all over the planet.

I'm Rob Arnott, I'm founding chairman of research affiliates.

We're best known for our work in smart beta and asset allocation with over 140 billion

of assets managed worldwide using our investment strategies.

We're unusual in the asset management arena, singularly focused on research and product

innovation, not managing assets directly. We work with distribution partners to make ideas

available to the broad marketplace. We deliver solutions in partnership with

distribution powerhouses such as PIMCO,

FUTSI, SSGA, Black Rock, Legal in General,

Investco and Namura, just to name a few.

These firms bring our ideas to their end clients through mutual funds, ETFs,

separately managed accounts, and other vehicles.

We're recognized as one of the pioneers of Smart Beta.

Back in 2005, we introduced the research affiliates fundamental index, also known as

Raffi, as an alternative to traditional market cap indexes.

Fundamental index weights companies based on the size of the business, not based

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