The Gavin Graham Show: Recent Episodes
The Gavin Graham Show
Mr. Graham joins SmartBe with over 30 years of experience in Canadian and international markets. A graduate of Magdalen College at the University of Oxford, Mr. Graham has directed investment strategy at numerous institutions, such as the Guardian Group of Funds in the UK and BMO Asset Management in Canada. In addition to his position at SmartBe, he serves as a contributing editor to The Income Investor, a respected online Canadian investment journal. The Gavin Graham Show is a platform for Gavin to share his wealth of knowledge with the SmartBe community, as well as engage in stimulating conversations with peers and thought leaders.
Join SmartBe Investments Chief Investment Officer Mr. Gavin Graham for a eye-opening conversation about emerging market investing with Perth Tolle, founder of Life+Liberty Indexes and creator of the Freedom 100 EM Index (FRDM). During the dialogue Perth discusses the investment risks brought about by autocratic policies; how the ‘free’ EM countries are benefitting from the western decoupling from large autocracies; and their seventy-nine factor quantitative approach to measuring ‘freedom’. All this and more in this segment of the Gavin Graham Show.
Join SmartBe Investments Chief Investment Officer Mr. Gavin Graham for a high level conversation about quantitative factor investing with Meb Faber, CIO, Cambria Investment Management. Regarded for his disciplined, rules-base investing, Meb discusses the financial regime change that began in 2020, the historic outperformance of the value factor during inflationary times, and the opportunity for a momentum/trend overlay in uncertain markets. All this and more in this segment of the Gavin Graham Show.
Join SmartBe Investments Chief Strategy Officer Mr. Gavin Graham for an informative and insightful conversation about concentrated factor investing with Dr. Wes Gray, PhD and CEO of Alpha Architect. Regarded for their depth of academic and practical market insights the two opine on the realities of index investing, the case for the “value” factor, and the prudence for diversification amoung “value” and “momentum”. All this and more in this segment of the Gavin Graham Show.
Join SmartBe Investments Chief Strategy Officer Mr. Gavin Graham for a broad and simplified perspective on “factor” investing with Brandon Koepke, PM and Chief Technology Officer at Alpha Architect. Brandon discusses his unique background that lead him from Disney and Amazon to Alpha Architect; the evidence in favour of the “value” and “momentum” factor, and; the particular timely opportunity for “value”. All this and more in this segment of the Gavin Graham Show.
Join SmartBe Investments Chief Strategy Officer Mr. Gavin Graham for a timely and compelling conversation about equity income investing with managed options featuring John Mulvihill, President and PM, Mulvihill Capital. John will discuss the firm’s active approach to option writing with the goal of constructing portfolios with low volatility, enhanced tax-efficient income and outsized returns relative to their benchmark. All this and more in this segment of the Gavin Graham Show.
Join SmartBe Investments Chief Strategy Officer Mr. Gavin Graham for an informative and entertaining conversation about yield curve spread trading with Nancy Davis, Portfolio Manager of the Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL – NYSE). Regarded for her asymmetric approach to investing in leveraging opportunity and minimizing risk, Nancy discusses: her background as a “student options trader”, a mother and time at Goldman Sachs and JP Morgan; how to benefit from fixed income volatility, rising inflation expectations and yield curve normalization, and; how IVOL can act as a hedge against equity, bond and real estate pullbacks . All this and more in this segment of the Gavin Graham Show.
Join SmartBe Investments Chief Strategy Officer Mr. Gavin Graham for an informative and entertaining conversation about yield curve spread trading with Nancy Davis, Portfolio Manager of the Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL – NYSE). Regarded for her asymmetric approach to investing in leveraging opportunity and minimizing risk, Nancy discusses: her background as a “student options trader”, a mother and time at Goldman Sachs and JP Morgan; how to benefit from fixed income volatility, rising inflation expectations and yield curve normalization, and; how IVOL can act as a hedge against equity, bond and real estate pullbacks . All this and more in this segment of the Gavin Graham Show.
Join SmartBe Investments Chief Strategy Officer Mr. Gavin Graham for an informative and entertaining conversation about concentrated factor investing with Dr. Wes Gray, PhD and CEO of Alpha Architect. Regarded for their historic, academic and practical market insights the two will shed light on how risk and sentiment are the core ingredients of markets; the generational opportunity in value stocks, and; how momentum rides the wave which is currently crashing in on growth and lifting value. All this and more in this segment of the Gavin Graham Show.
Join Gavin Graham for an engaging conversation with Tim Pickering, one of North America’s leading experts in commodities trading. Gavin and Tim will leave you better informed about diversification, hedging inflation, avoiding the market crash, ESG benefits of futures and what sets up a commodities super cycle.
Join Chief Strategy Officer Gavin Graham in a conversation with Paul Beattie of BT Global, a top-performing Montreal-based hedge fund. Together they discuss Mr. Beattie’s career history, BT Global’s long/short approach to value investing, and his current favoured investment themes—Canada, Commodities, and Cannabis.
Description: Modern Investor Journey has the privelage to sit down with one of the world's leading academic thinkers on block chain, distributed ledger technologies, smart contracts and DeFi (decentralized finance). Having recently won a North American contest to work with the Bank of Canada, Dr. Alfred Lahar shares his leading edge perspectives on tokenization, the recent explosion of DeFi commerce, central banks and regulating the crypto wild west.
Podcast highlights:
02:30 The Interplanetary File System
05:20 Distributed ledgers explained
07:02 The block chain
10:07 Etherium
13:52 Smart contracts explosive growth and disruptive potential
17:55 Tokenizing stocks and real time settlement
20:08 Earning a return by providing liquidity to tokens
27:43 Debt collateral
29:01 The academic approach to DeFi
33:00 Central banks and digital currency
36:45 Fractional banking
40:38 The need for commercial banks
43:47 Regulating the wild west
48:07 Wrap up
Director and co-founder of Salient Behavioural Consulting, Maddie Quinlan brings her extensive experience as an academic and practitioner in behavioural science to help us understand important concepts of how we make decisions. Learn why everything is relative to a reference point, morals and ethics matter in choice architecture and too much trading typically destroys wealth. 1:30 How Thaler framed a happy C grade.
4:31 Problem solving as a behavioural science consultant
6:23 Nudging pregnant women to take dietary supplements
8:06 Encouraging pension contributions reveals a twist
14:24 Dispelling the rational actor
17:47 Libertarian paternalism - ethics matter
20:00 Money and the "Man" - financial literacy is hard
22:17 Just in time information
24:35 Making less decisions makes you rich
31:19 Don't pretend you know me
32:55 Global Association of Applied Behavioural Scientists (GAABS)
40:07 Wrap up
MIJ conversation with Steve Lowrie ranges from traditional mutual fund sales, transaction fees, scaling with value, discovering scientific investing, transitioning a traditional book to quant, the ingredients for practice success and how to leverage social media.
2:50 The disillusionment of a young broker 4:15 The wake-up call 7:45 Deep value 9:00 Scaling price 13:40 The slow transition to quant 14:45 The benefits of a study group 16:00 The cornerstone of a thriving practice 18:20 Ingredients for practice success 21:10 Transactions make you rich 24:00 Long termism 24:45 Tips for social media 27:00 Curiosity, humility and value added services
Having inherited his book from his former boss, Sam's journey led him to focus on planning, advance his career to become discretionary, engage with the fintwit crowd of quantitative PhD's and develop his niche client group of technology entrepreneurs in Greater Toronto. Join Art and Rod for an informative discussion with many insights on how to become a successful advisor in Canada.
MIJ talks with Senior Wealth Manager Eric Bennett about his journey to independence, finding rules & behavioural coaching, experience-based marketing and volunteerism as a way to establish value alignment.
4:30 The service model
7:00 The pitch book
10:15 The tax man
11:15 Behaviour & scientific investing
18:00 Wealth destruction & finding factors
27:30 Simple messages
29:45 Experience marketing
32:30 Volunteerism
38:45 Media
41:00 Wrap up
MIJ conversation with Pat Dunwoody ranges from the changing industry landscape, advice for advisors, diversity and inclusion and women in financial services.
5:45 ETF landscape
8:00 VEXO
10:05 ETF Myth busting
14:30 Mutual Funds and ETF’s
19:00 Big Banks
22:00 End user benefits
25:10 Women, networking and inclusion
34:18 Advisors relationship with the spouse
37:44 Advisor value proposition
41:00 Wrap up
@Ben Felix shares some of Passmore & Felix Team’s recipes for success including the rationale for scientific investing, how to build powerful relationships and the benefits of advice.
Timeline:
4:10 Mutual fund sales
9:30 The quant tipping point
16:25 Building relationships
24:30 Canada’s quant landscape
28:35 How to create content
31:40 Managing wealth: Purpose, priorities & tactics
37:00 Gold & Crypto
44:45 Behavioural vs. Efficiency
49:00 Wrap
Join MIJ for a fascinating discussion with Auspice Capital’s founder Tim Pickering to learn about the importance of maps, process and tinkering at the edges. Tim’s unique ability to simplify complex topics like “diworsification” and skew have been honed from years of interaction with some of Canada’s leading investment institutions.
Liqian Ren, Director of Modern Alpha at Wisdom Tree sits down with MIJ to discuss her journey from growing up in a small village in China to becoming a recognized thought leader in quantitative investing. This episode touches on luck and timing, platform company indices, stacking the investment odds in your favour and the benefits of a classical education for investment professionals.
Podcast highlights
00:5:36 Milton Freeman's influence on Liqian's journey from a small village in China to the University of Chicago.
00:8:36 How computer science, economics and immigrant friendly policies landed a job at the Federal Reserve Bank of Chicago.
00:10:00 Luck & performance.
00:12:20 Stacking the investment odds in your favour.
00:17:20 Is ten years an eternity or a blink of the eye.
00:19:41 Innovation is key as an asset management company.
00:21:29 Platform company index.
00:24:05 Performance chasing and election bias.
00:27:20 How to fit ETFs into a portfolio.
00:30:08 Closet indexing.
00:33:31 Luck and your investment journey.
00:36:33 Liberal arts education and financial training.
00:39:10 The renaissance man and Chinese classics.
Join us as Podcast guru Meb Faber as he explores investing in the time of Covid, why market cap indexing is bizarre and how to install guard rails for a safe investment journey. Along the way we demystify alien invasions and learn about subsistence on mustard sandwiches.
Does injecting trillions of dollars make equity investing a slam dunk? Clients and advisors are at odds with risk and return. MIJ talks with ETF guru Corey Hoffstein about how the investment narrative has changed over time, the religion of quant, client longevity and the pandemic capital infusion.
MIJ hosts Rod Heard and Art Johnson speak with Wes Gray about his journey from a world class stock picker, an up-and-coming hedge fund manager, a PhD candidate and an over-confident investor riding the bull market. Suddenly, watching his book melt down, Wes found a humility that changed the course of his investment life. Wes is sure to entertain as he tells us his adventures while building a scalable hybrid wealth and asset management firm based on the fundamentals of scientific investing.