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To help us unpack all of this and what it means for your portfolio, let’s bring in Jim Bianco, Chief Strategist at Bianco Research, and His firm has been providing objective and unconventional research and commentary to portfoliomanagers since 1990, and it is top rated amongst institutional traders. We did it!
Conversation with the PortfolioManager: Mid-Cap Growth Strategy achen Wed, 09/20/2017 - 16:43 Over time, the Brown Advisory small-cap growth team, led by Christopher Berrier and George Sakellaris, watched numerous successful investments compound and grow out of their investible universe.
Conversation with the PortfolioManager: Mid-Cap Growth Strategy. After joining the investment industry in 2001, he served as director of research at two firms, creating a small-cap growth strategy at one of them before joining Brown Advisory in 2014. Wed, 09/20/2017 - 16:43.
She has a fascinating career, starting a PLS working away up as an analyst and eventually, head of outcome-based strategies for Morningstar, eventually rising from that position and portfoliomanager to Chief Investment Officer. So I leave the Bureau of Labor Statistics and I move into economic consulting. NORTON: Right.
MIAN: So Stray Reflections is a macro advisory and community that works with portfoliomanagers, CIOs around the world. MIAN: So when people compare the current sort of bear cycle to 2001 and 2008, the reason I think that’s flawed is because that was in a secular bear market. Tell us a little bit about your research.
You, you graduate western Kentucky in 2019, triple major financial management, economics and business data analytics. Yeah, I didn’t even know you could major in economics till I got to college. Like the fact that I didn’t know economics was a major until I got to college. I didn’t. You did not.
She was a partner and a portfoliomanager at Canyon Capital, a firm that runs currently about $25 billion. So it was a pretty different situation from 2001, where the whole dot-com bust, but more importantly, the telecom implosion. Tell us about how you saw this lack of diversity and the lack of economic mobility.
So it’s been, you know, back in, in 2001, strategists were telling you to put about 70% of your money in stocks. But what we’ve all realized over the last, you know, 20 years since Reg FD in 2001 is that management games, their numbers, and then they beat these made up numbers systematically.
And the second was, of course, the Warren Buffett story that came out the same week, where he essentially called people who post buybacks, you know, economically illiterate. DAMODARAN: Because the answer is an average portfoliomanager is driven by emotion and mood. I mean, strong words for Buffett. RITHOLTZ: He was not a fan.
Matt Eagan has spent his entire career in fixed income from credit analyst to portfoliomanager. Now he’s the head of the discretion team at Loomis Sales, which manages well over $335 billion in client assets. And when we’re done, we would go back to our research and also dabbled in a little portfoliomanagement.
So that was in, that was in 2001 early then. And so I’ve noticed that me coming in 2001, think about it, not really a great equity market Barry Ritholtz : Dot.com implosion. And this was the amount of monetary growth, and this is what we call M two inside of, in, in the wonky economics world. Signs him, right?]
So it’s not a great story, you know, as you on the show… 00:02:05 [Barry Ritholtz] I hear people saying, well, you know, economics business was my backup. The first is pretty straightforward, director of fixed income and economic research. That’s the beauty of economic theory oftentimes. On inflation itself.
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