The Shadow Bankers Secret Look Behind The Economic Facade

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 14 April 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Take a peek behind the curtain into the world of the shadow banker. This is a great interview where we have a candid conversation about shadow bankers secrets, how Wall Street works, why retail investors can't beat the institutions, how shadow bankers measure risk, and where people can find opportunities.

I had a lot of fun with this interview. I know you will too.

For more information, visit the show notes at https://moneytreepodcast.com/shadow-bankers-secret-benjamin-summers

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Megan Gorman | The Wealth Intersection
Douglas Heagren | Pro College Planners

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Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.8	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.1	Hello, Smart Money Tree Podcast listeners.
0:13.1	Welcome to this week's show.
0:14.2	My name's Kirk Chisholm and I will be your host.
0:16.1	So today, we're joined with Ben Summers.
0:17.9	How you doing today, Ben?
0:19.2	Oh, well.
0:19.7	Good to see you, Kirk.
0:20.7	Yeah, glad to have you in the show. Well, Ben, love to have you tell the listeners a little bit about your
0:24.5	background. I think the listener is going to find this in judivity fun. Our pre-interview was
0:28.7	certainly fun. So tell the listeners a little bit about your background. My academic background
0:32.9	is in physics. I have evolved into running an investment bank that's focused on quant-based
0:40.2	efforts. That effort was very much non-traditional, right? So most people will come through their
0:44.7	Ivy League MBA, run to their internship at one of the bullish bracket firms and go out
0:49.0	their own. I actually didn't, right? After that baseball career came to an end, moved into oil and
0:54.1	gas for a period,
0:55.6	that was anti-intellectual, very fraternal, long story short, got out of that, and then moved
1:00.6	into real estate investing because that was an entrepreneurial venture that allowed for leverage,
1:06.2	didn't require a great deal of startup capital because of the opportunities for leverage,
1:10.5	particularly in this time around 2005. It didn't take me very long, though, to realize there are a lot of
1:14.6	people looking for very few good deals. And so instead of trying to butt my head against a wall
	...

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