Wildcard: X-ing out with GraniteShares founder and CEO Will Rhind

Industry Focus

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4.6 • 854 Ratings

🗓️ 26 February 2020

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Emily Flippen sits down with the founder and CEO of GraniteShares, Will Rhind, to talk about NYSEARCA: XOUT - a new ETF focused not on what you should add to your portfolio but what you shouldn’t.

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Transcript

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0:00.0	Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.
0:11.0	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphle. I'm Dylan Lewis. And today
0:16.0	we're talking financials. Today we're talking consumer goods.
0:19.0	Wild-C-C-C-Chert Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.
0:27.3	It's a wild card Wednesday a day where anything goes here in the studio and I'm your
0:31.9	host Emily Flippin. I'm excited to have a really
0:35.1	special guest joining us today to talk about a style of investing that many
0:39.9	people may have never considered before. I definitely know I haven't considered it myself.
0:45.0	Joining me is Will Rhine, the founder and CEO of Granite shares who amongst other things is the owner of X out.
0:52.2	That's the letter X-O-U the letter X O-U-T a US large- cap E-T-F. Well, thanks for joining today.
0:58.3	Thank you, Emily. Very nice to be here.
1:03.0	Yeah, so let's talk a little bit about this X-Out EDF, because when I first heard about it,
1:08.6	honestly, I was really intrigued and somewhat surprised by its it's investing style so maybe just
1:15.8	talk to us about X out and what makes that investing style unique.
1:20.8	Sure so X out is an an ETS that we offer, completely differentiated way of investing as you rightly pointed
1:30.0	out, and in its simplest form, what we're trying to do is exclude or X out losers instead of pick winners.
1:39.6	But what does that mean? Well traditional philosophy in investing would have us all think
1:44.6	about picking winners. That's what we've been trained to do. That's what everybody in the market
1:50.5	is trying to do. We outperform by picking winners and obviously over time
1:56.4	we've come to realize that that's incredibly difficult to do so there tons of academic research supports supports that fact, that active management, kicking winners is very, very hard, statistically over time.
2:09.0	So what the kind of index and an ETS crowd largely did was was say well actually instead of picking winners we understand
2:16.7	that that's too hard to do so let's just buy the market.
	...

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