Not Another Investment Podcast

Send a text Think the Fed can always tame inflation if it just hikes a little harder? We sat down with economist Eric Leeper to unpack why that story falls apart once you account for Congress’s power over taxes, spending, and debt. Eric explains operational independence in plain terms, traces how the modern central bank mandate evolved, and shows why economic outcomes depend on both monetary and f...

Send a text Data drives nearly every aspect of modern life, from the algorithms suggesting what you should watch tonight to the autonomous vehicles navigating city streets. Yet in the world of finance—where you might expect data to reign supreme—the relationship between information and decision-making is surprisingly complicated (and relatively new). Professor Mike Gallmeyer pulls back the curtain...

Send a text Take everything you thought you knew about how markets work and prepare for a fundamental rethinking. When NVIDIA's stock price skyrockets after negative news, or the Federal Reserve successfully manipulates interest rates through bond purchases, classical economic theories struggle to explain what we're witnessing in real time. Professor Aditya Chaudhry from Ohio State Unive...

Send a text Discover the secrets of disciplined investing and strategic asset allocation with Stephen Parker, head of specialized strategies at JP Morgan Private Bank. In our conversation, we explore the nuances of aligning investments with personal goals, focusing on the importance of understanding individual needs, investment horizons, and risk tolerance. Stephen shares JP Morgan's insights...

Send a text What if you could transform your understanding of the commercial real estate market in one insightful conversation? Join me, Edward Finley, as I engage with John Sweeney from Park Madison Partners, who guides us through the complexities and potential of this dynamic sector. Together, we uncover how commercial real estate is anything but a singular asset class, highlighting its diverse...

Send a text This episode delves into the complexities of hedge funds and private credit, exploring their distinct roles within investment portfolios. We address the performance challenges of hedge funds over the past two decades and the rising prominence of private credit, considering how both options can coexist as alternative assets in investor strategies.  Discussion on misconceptions about hed...

Send a text The headlines today are full of scary references to how corporate lending has become too agressive with phrases like "cov-lite" and "wall of maturities".  What does it all mean? Discover the fascinating dynamics of corporate credit and loan covenants with Edward Finley as he sits down with the esteemed professor of finance David C. Smith from the University of Virgi...

Send a text What happens when the traditional safeguards of portfolio diversification unravel? Join me, Edward Finley, with my distinguished guest, Larry Kochard, as we navigate the complexities of a changing financial world where stocks and bonds, once reliable opposites, have lately moved in tandem. We promise you'll walk away with a fresh perspective on the classic 60-40 portfolio and insi...

Send a text Join me as we kick off the exciting second season of Not Another Investment Podcast, featuring an in-depth conversation with Jeff Henriksen, the visionary founder of Thorpe Abbotts Capital. This episode offers a wealth of insights into the realm of behavioral investing and market dynamics, particularly within the US small-cap equity landscape. Jeff sheds light on market inefficiencies...

Send a text Unlock the secrets of sophisticated investment strategies with seasoned Wall Street investor Edward Finley. Discover how to leverage probabilistic methods like Monte Carlo simulations to evaluate the potential success of your asset allocations. You'll gain a practical understanding of how to visualize potential portfolio outcomes, allowing for smarter, goal-oriented investment dec...

Send a text Have you ever wondered how a seemingly straightforward investment strategy can spiral into unexpected risk over time? Join Edward Finley, a veteran Wall Street investor and occasional professor at the University of Virginia, as he unpacks the complexities of dynamic asset allocation. We challenge the status quo by illustrating how a typical strategic asset allocation, like one with a 7...

Send a text Ever wondered why some investors seem to ride the waves of market volatility with grace, while others get swept away by the current? Our latest episode of Not Another Investment Podcast offers a lifeline to those floundering in the choppy waters of strategic asset allocation. I'm your host, Edward Finley, guiding you through the complexities of matching your risk appetite with you...

Send a text Ever wondered how the monoliths of commercial buildings and the serene stretches of farmland fit into the economic puzzle? Join me, Edward Finley, as I pull back the curtain on the real estate sector’s impact on both the economy and personal wealth. We start by dissecting the intricacies of commercial real estate, diving into its diversity, location-specific risks, and investment retur...

Send a text Unlock the mysteries of real assets and their touted powers as inflation hedges with me, Edward Finley, on Not Another Investment Podcast. Together we explore the role of real assets in a portfolio.  We develop three categories of real assets, like commodities, production means, and infrastructure. By breaking down these complex relationships, we find that some "real" assets...

Send a text Unlock the secrets of hedge fund arbitrage strategies with me, Edward Finley, as we navigate through the thrilling intersections of finance and probability. Prepare to have your perceptions challenged as we dissect the complex mechanics behind the high-octane world of merger arbitrage, distressed arbitrage, and event-driven arbitrage. Through this episode, you're bound to gain a d...

Send a text Uncover the opaque world of hedge fund arbitrage strategies where the stakes are high, and the strategies complex. I'm Edward Finley, your guide through the maze of these strategies that seek to earn return by uncovering mispricing of risks but really do so by taking on much more hard-to-understand risks. In this episode, we'll start with the two main bond arbitrage strategie...

Send a text Embark on a journey with me, Edward Finley, to crack the code of absolute return strategies, the hedge funds aiming for consistent returns no matter the market mood swings. We're tossing aside the economic weather vane and zeroing in on how these strategies skillfully balance the scales between long and short stock positions and more complex trading strategies. By dissecting equit...

Send a text Unlock the enigma of hedge funds with me, Edward Finley, as we explore these complicated (and controversial) investment strategies.  We will see that they are not really an asset class but instead are a universe of diverse trading strategies, from directional plays to arbitrage opportunities. In this episode, we dissect the perception and reality of these complex instruments, developin...

Send a text In this episode, we will build on what we learned about equities and bonds to uncover the principles behind constructing a resilient investment portfolio. Delve into the interaction of stock and bond returns with with me, Edward Finley, as I demystify the economic forces shaping their historical correlation. We're not just talking theory; I will share some practical wisdom on how...

Send a text Unlock the mysteries of investing in the bond market with us! Your financial landscape is about to get a whole lot clearer as we guide you through the nuances of bond investments, from deciphering the difference between coupon and yields to delving into the depths of default risks. Whether you're a keen investor or an inquisitive citizen, this episode is your ticket to understandi...

Send a text Discover the hidden complexities of private equity and the factors that can make or break your investment portfolio. Edward Finley guides you through the labyrinth of risk factors inherent in private equity, drawing on the analytical work of the economists L'Her, Jenkinson, Kaplan, and many others to dissect the performance of buyout, venture capital and growth equity strategy und...

Send a text Start down the road to unlocking the secrets of private equity investment with me, Edward Finley, your guide through the opaque world of non-public company ownership. As you tune into this episode, you're guaranteed an insider's perspective on how private equity stands in contrast to public markets, where the real opportunities for enhancing a company's value lie, and wh...

Send a text Buckle up for a thrilling foray into the world of equities, where we try to understand the risks we own when we invest in equities. We dissect the mean-variance theory, which predicts that greater volatility should fetch higher rewards, and we scrutinize the empirical data that puts this financial cornerstone to the test. We navigate the intricacies of the Capital Asset Pricing Model (...

Send a text Dive headfirst into the unpredictable currents of finance with me, Edward Finley, as we chart a course through the complex seas of probability theory and its indispensable role in understanding capital markets. Venture into the treacherous waters where historical price data is both a beacon and a riddle. We'll begin by navigating some of the basic assumptions of probability theory...

Send a text Unlock the mysteries of the capital markets as we navigate the Efficient Markets Hypothesis with compelling insights from from the financial literature. This episode is your golden ticket to understanding why asset prices aren't just a roll of the dice. We're dissecting the bedrock of market behavior, from the long-term accuracy of pricing information to the inevitable influe...