This week we’re joined by Ben Inker from GMO, where he’s the Co-Head of Asset Allocation. He joined the firm right after graduation from college in 1992 and has worked very closely with finance legend Jeremy Grantham. He is also an active contributor to GMO’s most extensive research library. You can find some of Ben’s recent investment insights with the following links: https://www.gmo.com/americas/research-library/3q-2022-gmo-quarterly-letter_gmoquarterlyletter/ https://www.gmo.com/americas/res...
Apr 17, 2023•57 min•Ep. 72
This week, we welcome Professor Steven Koonin to the Value Perspective podcast. Steve is a nuclear physicist by training and has a CV a mile long but highlights including being Undersecretary of Science during the first Obama administration, a professor at NYU School of Engineering and BP’s Chief Scientist. He is also the author of Unsettled: What Climate Science Tells Us, What It Doesn't, and Why It, a book that has provoked much debate since its publication in 2021. During the episode we discu...
Apr 03, 2023•43 min•Ep. 71
This week, we are delighted to have retired General Sir Nick Carter as our guest on the Value Perspective podcast. General Sir Nick Carter served as the UK’s Chief of the Defence Staff from 2018 to 2021. This was the culmination of an illustrious military career spanning over four decades, which included commanding 55,000 Nato troops during the Afghan surge, and in his last tour leading the transition process with former Afghan president Ashraf Ghani as the deputy commander of the Nato mission. ...
Mar 20, 2023•34 min•Ep. 70
This week famous historian Simon Sebag Montefiore joins us for the second of our two episodes marking the anniversary of Russia’s invasion of Ukraine. Simon is a bestselling and prizewinning author of history and fiction books, which have been published in 48 languages. His latest book is The World: A Family History. Simon has also written extensively on the history of Russia. We sat down to discuss: looking at history through the viewpoint of certain families; historical examples of gambling; S...
Mar 06, 2023•49 min•Ep. 69
This week we welcome Steve Gorelik back to the podcast. Steve is Head of Research and a Portfolio Manager at Firebird Value Fund, a fund that specialises in investing in Russia and Eastern Europe. Back in September of 2022 Steve was our guest on an Eastern European special episode. As we reach the anniversary of Russia’s invasion of Ukraine, Steve has returned to the Value Perspective podcast as part of a two part series that continues with next week’s episode featuring well known historian Simo...
Feb 27, 2023•50 min•Ep. 68
This week we have another entry in our Value Perspective ESG miniseries. We sat down with Bob Brackett, a Managing Director and Senior Research Analyst at Alliance Bernstein, based in New York and covering the North American oil and gas sector. He started his career working for Exxon Mobile and before joining equity research he worked for McKinsey. In 2018, he also wrote a short novella of sorts entitled How Tech Will End The Oil Age: A Tale of Whales, Wheels, Sails, Fails, Faeces, Fortunes, Mad...
Feb 06, 2023•58 min•Ep. 67
This episode is part of out turnaround mini-series. This week, we’re pleased to have Andrew Schemmel as our guest on the Value Perspective podcast. Andrew is the co-founder and director of Eisvogel Group, the private equity firm that specialises in companies providing software, business services, industrial applications and technical products throughout Europe. Notably, Eisvogel is not a company that seeks to invest in turnaround situations, but in the case of one of their investments, due to a ...
Jan 23, 2023•50 min•Ep. 66
Happy New Year and welcome back to the Value Perspective podcast. We’re kicking off 2023 with historian Edward Chancellor. You may know him as the author of Devil Take the Hindmost: A History of Financial Speculation, written in 1999, two years before the dotcom bubble burst, or as the author of Crunch Time for Credit? written in 2005, right before the global financial crisis. You might be sensing a pattern here. We sat down with Edward to discuss his newest book, The Price of Time: The Real Sto...
Jan 09, 2023•1 hr 3 min•Ep. 65
This week we have a quick Christmas treat for you. It’s an episode with our returning guest Simon-Evan-Cook. Simon recently wrote a blog post called Solving Christmas: How to Make it Better Next Year which caught our eye. Simon sat down with us to discuss his piece which explains how Christmas is a complex adaptive system and to tell us about his mythical Merry Christmas tree. In this festive season we would also like to remind you of the quiz we are running on the blog with a prize for the winn...
Dec 19, 2022•16 min•Ep. 64
This week we have friend of the Value Perspective podcast Joe Wiggins back for his third appearance. He has been both a guest and a co-host but this time we’re going to highlight him as an author. Joe has just published his newest book The Intelligent Fund Investor: Practical steps for better results in active and passive funds. We sat down with Joe to cover: the case for active fund management; what sort of things fund investors should be looking out for; why time is the greatest investor advan...
Dec 12, 2022•42 min•Ep. 63
Believe it or not, it’s our third birthday here on the Value Perspective podcast. To celebrate, we are delighted to welcome back Annie Duke, our first guest when we kicked off this whole project three years ago. Coincidentally, this is also her third appearance on the podcast. We caught up with Annie to discuss her newest book Quit – The Power of Knowing When to Walk Away. Our wide ranging conversation covers: why it’s so difficult to walk away; why quitting is a powerful tool for any decision m...
Nov 28, 2022•1 hr 10 min•Ep. 62
This week we have Ian Leslie on the show. Ian started his career in advertising but now writes and presents about human behaviour including psychology, culture, tech and business for publications like The New Statesman, The Economist, The Guardian and The FT. Most recently he wrote a book called Conflicted: Why Arguments Are Tearing Us Apart and How They Can Bring Us Together. He is also the author of the Substack The Ruffian where he covers everything from politics to decision making. We were d...
Nov 14, 2022•50 min•Ep. 61
This week we have Stacy Havener on the show. Stacy is the founder and CEO of Havener Capital Partners, which is one of the leading independent sales and marketing agencies in financial services specialising in helping boutiques to raise capital. In fact, they have raised over 8 billion dollars for new, undiscovered or start-up funds that has led to over 30 billion dollars in follow on AUM. Please check out Stacy’s LinkedIn page where there’s great advice for sales and marketing in the industry. ...
Oct 31, 2022•1 hr 7 min•Ep. 60
The Value Perspective with Dan Mikulskis Our guest this week is Dan Mikulskis. Dan is an investment partner at Lane Clark & Peacock or LCP. He is also the co-host of a very good podcast called Investment Uncut. He couples this work with a fortnightly newsletter with commentary on what has been happening in markets around the world, which you can subscribe to via LinkedIn. Dan is also particularly well versed with the LDI or liability driven investment crisis and why it caught the pension funds o...
Oct 24, 2022•55 min•Ep. 59
The Value Perspective with Doomberg This week we welcome another Rockstar from finance Twitter as our guest. Doomberg is an anonymous account, famous for its green chicken brand, which has attracted almost 142,000 followers on Twitter since it was founded in May 2021. Doomberg is actually a small team of industry consultants from the commodities sector that specialises in distilling complexity. They write predominantly about energy but they are also interested in the news of the day. So they hav...
Oct 10, 2022•1 hr 6 min•Ep. 58
The Value Perspective with Bethany McLean We’re very excited about our guest this week on the Value Perspective podcast. Bethany McLean is a financial journalist who was contacted by the short seller Jim Chanos when working for Fortune Magazine and advised to look into a company called Enron. Bethany’s column entitled ‘Is Enron overpriced?’ was published in 2001, starting the unravelling of the company and she went on to write a book entitled The Smartest Guys in the Room: The Amazing Rise and S...
Sep 26, 2022•59 min•Ep. 57
This week on the Value Perspective podcast we welcome two investment professionals with many years’ experience of investing in Eastern European markets, Rollo Roscow, Head of EMEA at Schroders and Steve Gorelik Head of Research at Firebird Management. They join us to discuss how they made decisions in the weeks before the 24th of February when Russia invaded Ukraine. You’ll learn how they sourced and processed different information feeds and how, working with their teams, they sought to understa...
Sep 20, 2022•47 min•Ep. 56
Robert Bryce is an American author and journalist in Austin, Texas. His articles on energy, politics, and other topics have appeared in numerous publications, including the New York Times, Washington Post, Wall Street Journal and Forbes. NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe via Podbean or use this feed URL ( https://tvpschroders.podbean.com/feed.xml ) in Apple Podcasts, Spotify, Google Podcasts and other podcast players. GET IN TOUCH: send u...
Sep 05, 2022•50 min•Ep. 55
As the Premier League football season gets underway more than nine million people around the world will be picking their own teams as part of the $22 billion fantasy football industry. But who are the best players to pick and what makes a successful fantasy football manager? Az Phillips, an official pundit for the Barclays Fantasy Premier League (FPL), joins the pod to reveal the best players to pick, the most successful strategies, the common mistakes people make, and why he won't be buying Erl...
Aug 22, 2022•39 min•Ep. 54
We’re back from a short holiday and we’re also back with our guest Jake Taylor. You may know Jake as one of the hosts of the podcast Value: After Hours or as the CEO of Farnam Street Investments. In this episode he gives an update on Journalytic the decision making software he made reference to in his last appearance on the Value Perspective and discusses how steadying the returns from the S&P 500 over the past decade has given him a new framework to think about the future. It wouldn’t be a Valu...
Aug 07, 2022•58 min•Ep. 53
This week we revisit our original podcast with Jake Taylor in anticipation of his upcoming second appearance on the Value Perspective. Jake is a value investor, CEO of Farnam Street Investments and author of The Rebel Allocator. He also contributes to various web series and podcasts including Five Good Questions, The Hikecast, and Value: After Hours, which he co hosts with investors Tobias Carlisle and Bill Brewster. In a past life, Jake worked as a power system operator running the grid for the...
Jul 25, 2022•49 min•Ep. 52
Simon Evan-Cook joins us this week for the 50th episode of the Value Perspective podcast to discuss the lessons that he has learnt on his journey to becoming a better investor that you can apply in everyday life to help solve problems. Simon is a successful multi-asset, fund-of-funds manager with over 25 years’ experience in financial services. He currently works for Downing Fund Managers, having built his reputation at Fidelity, Rothschild Asset Management, Gartmore and Premier Asset Management...
Jul 11, 2022•1 hr 4 min•Ep. 51
Carson Block, founder of Muddy Waters Research, joins us this week on the Value Perspective podcast to discuss the contentious topic of short selling. Short selling is an investment or trading strategy that speculates on the decline in a stock or other security’s price. Carson takes an activist approach to short selling that's founded on exposing fraudulent practices in publicly traded companies. This challenges the view that short selling, by its nature, is an exploitative practice. We talk to ...
Jun 27, 2022•1 hr 20 min•Ep. 50
Nick Hodler joins us this week on the Value Perspective podcast as part of our turn-around Mini Series. Nick is the President and CEO of Arc, the world's largest manufacturer of glass tableware. We are excited to have Nick on the pod as Arc has been in the midst of a positive turnaround story under his helm. As value investors these are exactly the type of situations that interest us. Nick discusses how he has approached the turnaround situation from his background as a management consultant and...
Jun 13, 2022•42 min•Ep. 49
Dr Milo Jones joins us this week on The Value Perspective. Currently a Visiting Fellow at the Changing Character of War Centre, Pembroke College, Oxford, a Visiting Professor at IE in Madrid, and an adjunct professor at Imperial College Business School, London. Before all this, he also served as a US Marine, a consultant, and an archaeologist. Milo focused his PHD dissertation on decision making in intelligence communities which lead to his book, Constructing Cassandra: Reframing Intelligence Fa...
May 30, 2022•1 hr 12 min•Season 2Ep. 47
Welcome to a master class with 10K Diver. 10k runs an anonymous Twitter account which you may be familiar if you're a fan of financial Twitter like us. Over the past two years he's sky rocketed in popularity reaching over 200,000 followers who tune in for his incredible threads which explain complex decision making and financial theories in engaging and digestible ways. NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe via Podbean or use this feed URL ( ...
May 16, 2022•1 hr 18 min•Season 2Ep. 46
This week we have Meredith Angwin on the podcast. She was a chemist that worked on projects that lowered pollution and increased reliability on the weakening electric grid. She is also a massive advocate for nuclear energy and more recently she's the author of Shorting the Grid: the Hidden Fragility of our Electric Grid . Andrew and Juan sit down with Meredith to discuss the role nuclear has in the modern energy transition discussion and its relation with solar, wind, hydro, and fossil-based ene...
May 03, 2022•54 min•Season 2Ep. 45
We're delighted to have Charlotte Thorne as our guest this week. Charlotte is a founding partner at Capital Generation Partners, an asset manager that specialises in ultra high net worth individuals and family offices after starting her career at HM Treasury. What captured us about CapGen is the 'decision factory' Charlotte spearheaded which allows them to best service their clients.She sat down with Juan and Andy to discuss family offices - what are they, what do they achieve, what unique needs...
Apr 19, 2022•1 hr 5 min•Season 2Ep. 44
We're a bit starstruck this week to have Meb Faber of the Meb Faber Show on the Value Perspective this week. Meb is a fantastic podcaster, author, and the CIO of Cambria Investment Management in LA. In this episode, he discusses valuations in the US as a risk and why they should allocate internationally (especially in emerging markets), value investor Seth Klarman and the use of cyclically adjusted price-to-earnings ratio or CAPE. Also, completely unprompted, Meb mentioned our Global Investor St...
Apr 04, 2022•53 min•Season 2Ep. 43
Tim Davies joins us on the pod this week. Tim spent 20 years flying with the Royal Navy and RAF as a fast jet pilot and instructor. Emily and Juan chat with Tim about the performance psychology surrounding fast jet pilots, the importance of failure when training and what biases instructors should be aware of as they teach the next generation of decision makers. You can find Tim on Twitter @timdavies_uk NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe vi...
Mar 21, 2022•55 min•Season 2Ep. 42
