
Resolve Riffs Investment Podcast Chris Schindler - The Art of Wealth Creation: Insider Tips from Veteran Portfolio Manager
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Dec 1, 2023 Chris Schindler, veteran portfolio manager and ex Toronto Teachers Pension Plan Managing Director, discusses risk parity, portfolio construction, systematic investment strategies, the importance of diversification, and the evolving economic climate. They also explore the significance of model building, bond yields, currency hedging, and emerging trends in private equity and alternatives. The interview provides insights into the challenges and opportunities in investing, advantages for smaller investors, and strategies for balanced portfolios. It concludes with recommendations for other podcast episodes.
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Mitigating Inflation Risk
- Incorporate another asset class to address inflation risk without increasing growth risk.
- Commodities provide a positive-paying hedge against specific types of inflation.
The Conditional Nature of Commodity Risk Premiums
- Commodities offer inflation-hedging benefits but don't have a consistent long-side risk premium like stocks or bonds.
- Their risk premiums are conditional, constantly shifting, making them more suitable for quantitative strategies.
Long-Term Portfolio Construction
- Build a portfolio you'd want in 10 years, agnostic of short-term market predictions.
- Focus on a structure that is robust across various economic scenarios.
