I bailed out of her stock 4 months ago thinking that I could do better . That among many was a big mistake . I’m waiting for a time to get back in . She is a very sharp lady .

I like the SUYP series....BUT my problem is that no one ever just flat out list what they own. I want to hear or see the allocation (Stocks x%, Bonds x% etc.) As Talib says "Don't tell me what you think, tell me what you own." While explaining a personal philosophy on investment is super useful, I think all guest on the show have not really just listed out their allocations. It seems almost like they avoid doing this, which is really what I want to see. Hopefully this is constructive.

@ExcessReturns

4 ай бұрын

Thank you for the feedback. Those are fair points. Some of the episodes like Meb Faber, Wes Gray and Corey Hoffstein do have that, but you are right that most do not. There are two reasons. The first is that we want to make the videos evergreen and focus on process and many of our guests use strategies where their asset allocation can change substantially over time. So the current allocation isn't indicative of the long-term one. The second reason is that many guests are not comfortable revealing that level of detail, but we think there is a lot to learn from their process anyway. So we don't want to restrict the interviews to only guests where we get a high level of detail because it would limit who we can talk to.

@TheChinaPlay

4 ай бұрын

Okay, that's fair, and I'm still trying to be constructive and not overtly critical here. I would suggest consider rebranding away from "Show Me.." to "My Personal Investment Philosophy" or something similar. I see the feed and get excited I'm going to see under the hood and no one ever does that, beyond the three you mention, which by the way are three favs epis not coincidental. ( I like Andrew Beer's also despite him not going into real specifics either). Yes we can learn a lot from understanding how they think about investments but it's really not comparable to saying actual allocations. And of course target allocations will change as markets evolve and more information is available. I don't think anyone is holding them to keep it permanent forever. Again, trying to be constructive, love the show, you guys are great. I just would personally love it if they came out and say I own X% in Stocks Y% in Alts, bonds, etc., and I rebalance using this method. Take this "Pomp" bitcoin guy for example, who promotes crypto. Imagine he says the same thing about the benefits of BTC but in two scenarios he has 90% of investable wealth in BTC v. having 5% in BTC, but his crypto philosophy is the same. I think it makes a huge difference knowing. Thanks guys, sorry for the rant. Appreciate your hard work on the pod, i know its gotta be tons of work to produce.@@ExcessReturns

@HepCatJack

4 ай бұрын

@@TheChinaPlay knowing what someone owns isn't necessarily useful. If an investor owns a quality stock that was purchased at a cheap price and it has had a big run, then the upside for someone looking to purchase the same security months or years later may be limited. They, upon purchasing, and perhaps incurring a drawdown as all securities do could then trigger the listener into selling the security he just bought at a loss. This person might then complain that he bought such and such security mentioned, that it dropped and then complain in the comment section about how he lost money. No one wants to deal with that. Some years ago before the split Amazon stock sold for a thousand a piece. There were posts a few years old from subscribers of the Motley fool who complained that they had bought Amazon at 600, then it had dropped to 300 and they had sold out of it. Motley Fools, as far as I know never issued a sell recommendation on Amazon, the person that was complaining did that on his own and would have regained his temporary losses if he had held. There are also firms like Jim Simon's Medallion Funds that may own securities only for a few minutes or hours because computerized programs make purchases based on pattern recognition of similar historical data. Knowing what security was temporarily held for a window of a few minutes isn't necessarily useful to a human that cannot replicate by hand what the computerized systems are doing. An Investor may change his mind about a security he liked and sell and someone coat tailing him might not know that he sold. People for example who bought SPACS promoted by Chamath Palihapitiya and who held on after he sold out of them. If an investor does not know why he bought something, he may not know when it's time to sell.

@TheChinaPlay

4 ай бұрын

@@HepCatJack no, I think you’re missing the point. I understand your argument. Who are these people who invest based on what they hear taking heads say on media? I know there out there watching jim Cramer and the like but these people will lose money and complain regardless. I don’t think we are dealing with that audience for one, and two were not talking about what percentage someone has in Amazon stock. We are talking the framework for asset allocation, ie what % is in stocks. How much of Chamath wealth was in that SPAC? That is useful information.

@HepCatJack

4 ай бұрын

@@TheChinaPlay Excess Returns has about 10.5K subscribers they may not have yet the audience who will invest based on what they hear on on a video, but if you look at Guy Spier's channel or Mohnish Pabrai talks published on KZread there are frequent comments from people who want to be spoon fed individual stock tickers. Discussing individual current holdings are likely to bring that audience over. They've also had micro-cap investors, so discussing individual holdings could cause a big price surge in a holding causing the fund manager who discussed his holding to reach his goal and sell prematurely, leaving the audience to pile at a price that a gain won't be possible for years. This could lead to accusations of "pump and dump". Fund managers still accumulating to make purchases would work against their interest to reveal their picks before they're done buying. Stock price manipulation, even unwittingly can get them into trouble. The Sec also has rules regarding the discussion of individual holding, Cathy Woods for example is very careful about discussing Ark invests holdings. So compliance with the rules is a must.

Apart from the market timing aspects, the base sounds like the Golden Butterfly portfolio, which also relies on equal weights in short term treasuries, long term treasuries and gold as the diversifying components. People need to start giving Tyler at Portfolio Charts more credit. Jared Dillian also stole the idea with his new-found "Awesome (but plagiarized) Portfolio."

Too many people only look at recent trailing performance to judge a fund. Doing so will have you on the wrong side of the trade at all times. Katie Stockton has designed a very intelligent ETF with solid risk management principles (TACK). It is the type of thing you want to hold for 20 years to protect your capital. At times like this, it is a sensible choice. I have looked extensively into how it is designed and replicated it. A solid asset manager.

Some months back Chilean President Gabriel Boric announced plans to nationalize its lithium mines causing the shares of Chilean mines to tank. With nationalization, the share owner doesn't know if his shares will be purchases by a pittance payment below market prices or outright expropriated. There is also the possibility that a politician makes statements to depress prices so that his donors or the politician himself can purchase the shares on the cheap. Such declarations in the previous US administration caused many fluctuations in Chinese stocks in 2016 - 2018. Special consideration needs to be given to the tendency a country has to expropriate investors. Someone who had invested in a Coca Cola bottler in Cuba before the revolution would have his entire investment as did many investors in Russia prior to 1917 and prior to the Ukraine war.

Yo yall didn't earn my subscription so what bots yall doin here

TACK is very new and it performance stinks.