The Compound and Friends

Josh's guest today is portfolio manager Drew Dickson, who manages a concentrated portfolio of favorite stocks for Albert Bridge Capital. In a recent blog post, Drew explains the four "tools" he uses to overcome the biases that can cloud an investor's judgement and threaten a portfolio manager's ability to look at holdings objectively. Josh talks to Drew briefly about these ideas in today's The Compound mini podcast. You can read Drew's post here: https://www.albertbridgecapital.com/drew-views/2019/3/26/dampa-debiasing-and-alphaAnd be sure to enable our skill on Amazon - "Alexa, play the Compound show!" https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Enable the skill on Amazon - "Alexa, play The Compound Show" Josh here - I had so much fun hanging out with my friend Allison Schrager this week on the eve of her gigantic book launch for An Economist Walks Into a Brothel. Allison spent time with big wave surfers, Nevada prostitutes, Hollywood film producers, paparazzi cameramen, horse breeders, magicians and other real world practitioners to discover the way they handle risk. It's one of the most fascinating books I've ever read and Allison has the perfect combination of writing chops and mental horsepower to pull the whole thing off. Learning about the difference between insurance and hedging, for example, in a really fun format, will definitely pay off. There are lessons about ecosystems with a delicate trust factor, the dangers of overconfidence, the limitation of data analysis and so much more. Get Allison Schrager's new book, An Economist Walks Into a Brothel, right here: https://amzn.to/2HXaQobFollow her on Twitter and ask a question! https://twitter.com/AllisonSchragerBe sure to subscribe to our channel so you never miss an update:https://www.youtube.com/THECOMPOUNDRWMFollow us on Twitter:https://twitter.com/RitholtzWealthFollow us on Facebook:https://www.facebook.com/ritholtzwealth/Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bloomberg reporter Tara LaChapelle asks whether or not Warren Buffett will complete one last "elephant-sized" deal before calling it a career. He's 88 years old, so the clock is ticking. Join Michael Batnick and Downtown Josh Brown as they discuss the possibilities and a recent history of Buffett's acquisitions. Please jump in with your comments too, we'd love to hear what you think! You can read the full article here:https://www.bloomberg.com/opinion/articles/2019-03-25/warren-buffett-s-next-berkshire-hathaway-deal-will-be-crucialStart every day The Compound Newshttps://www.thecompoundnews.com/Follow us on Twitter:https://twitter.com/RitholtzWealthFollow us on Facebook:https://www.facebook.com/ritholtzwealth/Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh makes a big announcement to the staff of Ritholtz Wealth Management.https://ritholtzwealth.com/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

There you are, sitting on a massive gain in a big winning stock. And now it's become a large portion of your portfolio and your net worth increasingly depends upon that stock staying up. Now what?Diversification will rarely look as attractive in hindsight versus the huge gains that are possible from a big winning stock. And regret minimization is one of the most important strategies in finance given how our behavior affects our long term returns. In this episode of Live from the Compound, Certified Financial Planner Blair duQuesnay joins Michael Batnick and Josh Brown to discuss regret minimization techniques and how to rationalize selling a big winner. You can talk to Blair duQuesnay about your own portfolio and financial plan here:https://ritholtzwealth.com/team/blair-duquesnay/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tadas Viskanta and Josh Brown discuss the future of communications within the investment business, and how the home speaker phenomenon is sure to change the game as it proliferates. If investors are using the voice-enabled internet more and more, it stands to reason that their financial advisors and asset managers will want a way to communicate with them there. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ben Carlson and Josh Brown discuss the earnings recession. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices