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ReSolve's Masterclass

Business & Economics Podcasts

Welcome to ReSolve’s Masterclass podcast channel where we explore, from first principles, timeless investment wisdom that will help you maximize your long-term success. In an expansive sequence of focused lessons from goal setting, through the full investment opportunity set, to universal rules for portfolio construction, and advanced alpha generation, our aim is to offer you a a generalizable and coherent investment framework to revolutionize your approach to wealth-creation and conservation. For many, the lessons in these series have the potential to change the way you approach the complex arena of investing altogether.

Welcome to ReSolve’s Masterclass podcast channel where we explore, from first principles, timeless investment wisdom that will help you maximize your long-term success. In an expansive sequence of focused lessons from goal setting, through the full investment opportunity set, to universal rules for portfolio construction, and advanced alpha generation, our aim is to offer you a a generalizable and coherent investment framework to revolutionize your approach to wealth-creation and conservation. For many, the lessons in these series have the potential to change the way you approach the complex arena of investing altogether.

Location:

Canada

Description:

Welcome to ReSolve’s Masterclass podcast channel where we explore, from first principles, timeless investment wisdom that will help you maximize your long-term success. In an expansive sequence of focused lessons from goal setting, through the full investment opportunity set, to universal rules for portfolio construction, and advanced alpha generation, our aim is to offer you a a generalizable and coherent investment framework to revolutionize your approach to wealth-creation and conservation. For many, the lessons in these series have the potential to change the way you approach the complex arena of investing altogether.

Language:

English


Episodes

Where the Rubber Meets the Road (EP.10)

3/12/2021
How we can prepare for every investment scenario. We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:18:29

Liquidity Crashes (EP.09)

3/12/2021
How can we manage for scenarios when Liquidity evaporates? We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:20:49

Extracting Benefits From Anomalies (EP.08)

3/12/2021
How can we move from Factor Beta to Alpha? We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:26:49

Adding More Bets (EP.07)

3/12/2021
What additional Sleeves can we add to maximize diversity? We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:23:20

Sticking Points (EP.06)

3/12/2021
How do we eat Sharpe ratio and meet financial goals with a maximally diversified portfolio? We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:19:11

The Rebalancing Premium (EP.05)

3/12/2021
Traditional yields are low, so how do we meet our funding obligations? We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:22:29

Balance (EP.04)

3/12/2021
Diversity of investments only produces “diversification” if asset classes are held in proper balance. We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:22:32

Preparation Before Prediction (EP.03)

3/12/2021
Investors are often prone to “home-country” equity bias and other heuristics that leave them under-exposed to the world’s many diverse opportunities. We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:16:25

Decision Making (EP.02)

3/12/2021
Philip Tetlock’s research on the qualities of Super-forecasters explains why forecasting is hard and how diverse models and systematic thinking can help close the gap. We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:26:22

Stewarding Long-Lived Wealth (EP.01)

3/12/2021
Anyone who is responsible for stewarding wealth, from a high net worth person, to a family office, to an investment firm, to a pension plan. We discuss: Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Duration:00:19:41

Day 12 - Putting 11 days of Wisdom to work through a Multi-Asset Momentum Case Study

12/21/2018
The team has spent the last 11 episodes discussing the importance of asset allocation; the role of systematic “factor” tilts like momentum, value and trend; and how portfolio optimization can act as a force multiplier on long-term performance. This episode comes full circle by integrating all of the concepts described thus far: Asset Allocation, Risk Balance, Ensemble Methods, Portfolio Optimization and Factor investing, using multi-asset momentum as a case study for this integration. The...

Duration:00:22:09

Day 11 – How to Juice as Much Value as Possible from Trend Following - The Cheapest Factor Out There Today

12/21/2018
In our second-to-last episode, ReSolve’s newest partner Jason Russell is joining us to share his wisdom on one of the most misunderstood strategies out there. While many investors are aware of the solid returns a simple trend following approach can produce, it is the ability to select from a wide universe of uncorrelated asset-classes (especially currencies and commodities) and to use multiple signals that offer the greatest benefits. These ensemble methods truly maximize the ability to...

Duration:00:20:02

Day 10: How Thoughtful Portfolio Optimization Techniques can be a Total Game Changer for Portfolio Results

12/21/2018
The Lords of finance have somehow convinced investors that “simple” always beats “complex” in markets. But this is rubbish. The fact is that every portfolio formation – even the so-called ‘passive portfolio’ - expresses very active beliefs about how markets function, and the relationships between risk and return. It’s critical to understand these relationships in order to choose the optimal method of portfolio construction. Many common techniques such as market cap and equal weighting are...

Duration:00:33:15

Day 9 – What It Means to be a True Systematic Manager and How to Spot the Lemons in your Lineup

12/21/2018
So far, we have been discussing a variety of ways to build portfolios and harvest returns, but we haven’t really addressed a fundamental aspect of how we think about portfolio construction. Even though most of us like to think that we will rise to the occasion in the face of a challenge, the reality is that we will most likely sink to the level of our training during those difficult times. In the world of investing, that ‘training’ can be thought of as establishing sound, economically viable...

Duration:00:30:12

Day 8 –Why Financial Professionals and their Clients Need to Get Comfortable with Being Uncomfortable in the Coming Decade

12/17/2018
Some of the ideas discussed in the last few episodes may raise a few eye-brows, as they force advisors and investors to venture outside of their comfort zones. But consider the alternative. At current valuation levels, US equities and bonds are unlikely to deliver meaningful (or even positive) returns in the coming years. What do we propose? Go global and let go of home-country bias. Diversify across asset-classes, factors and strategies. Embrace tracking-error. The key message on this 8th...

Duration:00:21:17

Day 7 – How to think about your Alternative Sleeve in the Context of Getting the Most Bang for your Buck

12/17/2018
And on the 7th day, the Meta Portfolio was created. After analyzing the many sources of return across major global asset classes, we now focus on how to implement different strategies and the most thoughtful way of putting those pieces together. When advisors and investors consider adding liquid alternative strategies to their usual combination of stocks and bonds, it usually represents between 10% and 20% of their overall allocation. But if we really want this sleeve to provide meaningful,...

Duration:00:23:48

Day 6 – Factor Investing and the Pitfalls of Poor Strategy Construction

12/17/2018
While we have played defense with concepts such as equal risk contribution, which help avoid big losses and mitigate sequence of returns risk, it’s time to play some offense. As we seek to compound our portfolios in the highest possible number of positive rolling periods, we need to better understand where returns are really coming from and how sustainable than can be. On this 6th day, we will investigate the many ways to harvest excess returns from investment factors (also known as style...

Duration:00:22:31

Day 5 –The Impact of Sequence of Returns Risk and How to Minimize it

12/17/2018
After creating a theoretical framework with an almost obsessive focus on diversification and risk-adjusted returns, we bring you case studies of global asset classes throughout history that will demonstrate the importance of not depending on (often lucky) predictions. As we invest over the next few decades, we should aim to protect our sequence of positive returns by preventing the “maniacs from taking over the asylum”. This is where the rubber begins to meet the road. Welcome to Day...

Duration:00:17:53

Day 4 – Pushing the Diversification Frontier with True Factor Investing

12/10/2018
On our fourth day, we add yet another layer of diversity onto our building blocks. While diversity across global asset-classes is a useful first step, there are other aspects of the portfolio construction and rebalancing processes that can push the diversification boundaries even further and help improve risk-adjusted performance. As described in our popular “Buffet Bet” blog post, these well-known factors (or ‘smart Betas’) can provide further uncorrelated return drivers to help smoothen...

Duration:00:23:56

Day 3 – The Two Fundamental Drivers that Determine All Economic Regimes

12/10/2018
Now that we have established an ideal investment arena and the benefits of maximizing portfolio diversity, we can use these building blocks to dig a little deeper into the fundamental reasons why global asset classes are able to provide significant diversification opportunities for investors in the coming years. We all know that economies and markets across the world exist as a function of the fundamental drivers of inflation and growth, and the interactions of governments, companies and...

Duration:00:21:16