TIP382: Investing Mastermind Q3 2021

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 26 September 2021

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

For this week's Mastermind discussion, Stig has invited Tobias Carlisle from Acquirers Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is the holy grail of investing.

IN THIS EPISODE, YOU’LL LEARN:

(00:01:16) What is the holy grail of investing?.
(00:06:37) Can you be diversified if you are only invested in equities?.
(00:08:56) Which strategies and asset classes should you follow to diversify your revenue streams.
(00:14:04) How to think about inflation and holding cash in your portfolio.
(00:18:39) Whether you should invest in a trend-following strategy.
(00:32:33) Why managed future exposure show is significant in your portfolio.
(00:39:22) Is the rise of passive investing good for the active investor?.
(00:45:25) Is Robinhood good or bad for the investor?.
(00:53:45) What is the best and worst thing that has happened for ETF investors?.
(00:56:42) How a mutual fund that returned 18% annually, in reality, turned into an 11% negative return.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES:

The article that Wes Gray referred to, Trend Following and the Epidemy of no Pain no Gain.
Tobias Carlisle's podcast, The Acquirers Podcast.
Tobias Carlisle's Acquirers Fund.
Tobias Carlisle's ETF, ZIG.
Tobias Carlisle's ETF, Deep.
Tobias Carlisle's book, The Acquirer's Multiple – Read Reviews for this book.
Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com.
Dr. Wesley Gray's and Toby Carlisle's book: Quantitative Value – Read Reviews for this book.
Dr. Wesley Gray's website: Alpha Architect.
Dr. Wesley Gray's book: Quantitative Momentum – Read Reviews for this book.
Jake Taylor's company, Farnam Street Investments.
Related episode - Q2 2021 Investing Mastermind episode.
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Transcript

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0:00.0	You're listening to TIP.
0:02.8	In today's episode, I invited the investing mastermind group.
0:06.5	In the first part, discussed with Delia's whole greater than investing and whether and
0:10.7	how retail investors could invest using the same framework.
0:15.0	In the second part, we discussed whether the rise of passing investing is good or bad
0:19.0	for active investors and if there's a silver lining, trouble and hood and the new generation
0:23.8	of brokers that might be commission free, but certainly aren't free.
0:28.2	We talk about that and much more.
0:30.6	So without further delay, here's the investing mastermind discussion for P3 2021.
0:36.7	You are listening to the Investors podcast where we study the financial markets and read
0:45.0	the books that influence self-made billionaires the most.
0:48.2	We keep you informed and prepared for the unexpected.
1:00.4	Welcome to the Investors podcast.
1:02.0	I'm your host, Dick Brodison and today I'm accompanied by our investing mastermind group
1:06.9	here for Q3 2021.
1:09.0	So Toby, Jake, Wes, thank you for taking the time to provide value for the audience here
1:13.8	today.
1:14.8	Yeah, how it?
1:16.4	So, again, the first topic here of today, that is to talk about the holy grail of investing.
1:22.4	So Redalio is one of the billionaires that we have studied most here on restarted billionaires.
1:27.9	And one thing that has profound impact on how I think about investing was Redalio's concept
1:32.2	of what he refers to as the holy grail of investing.
	...

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