George Aliferis and Mark J. Higgins discuss the evolution of the U.S. financial system over the past 230 years, from Alexander Hamilton's foundational contributions to RoaringKitty's Gamestop disruption. They explore the notion of financial progress, the cycles of regulation, what's missing from financial education and advice and how investors can profit from history.

Order Investing in US Financial History: https://www.amazon.com/Investing-U-S-Financial-History-Understanding/ TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Newsletter on Democratization of Alternatives: https://bit.ly/3AxnyTY 🎧Listen to the podcast: https://pod.link/1511595070 AFFILIATE LINK What I use for editing DESCRIPT: https://get.descript.com/1ldhm44pyr0p TIMESTAMPS 00:00 Introduction: What's the point in studying financial history? 01:46 The Legacy of Alexander Hamilton 04:00 The Impact of Hamilton's Death and Early Central Banking 05:35 Crypto and the Importance of Central Banking 07:31 Regulation and Market Dynamics 07:31 Regulation and Market Manipulation 11:52 A quote from Eric BALCHUNAS, The Bogle Effect 12:14 Private Assets and Market Cycles 14:52 A quote from Athanasios PSAROFAGIS, Bloomberg ETF 16:39 A quote from Edward CHANCELLOR, The Price of Time 17:03 The Role of Education in Financial Literacy 17:05 A quote from Bill KELLY, CAIA 21:36 Simplifying Portfolios: Mark Higgins's Personal Journey 26:47 The Value of Historical Perspective in Financial Markets 30:45 A quote from Dan DAVIES, Lying for Money 33:38 The Importance of Long-Term Investing and Education

Exposing the Real Story Behind Blackstone's Real Estate Income Trust (BREIT) Join us as we delve deep into the complexities surrounding Blackstone's Real Estate Income Trust (BREIT), the potential financial reckonings and the broader marketing implications for the democratization of alternative assets.

I'm revisiting a previous episode with Phil Bak following recent press about the fund and a revelation: the fund doesn't make financial sense - it makes MARKETING sense! REFERENCES Business Insider: https://www.businessinsider.com/blackstone-breit-commercial-real-estate-fund-misled-investors-private-equity-2024-5 New York Times: https://www.nytimes.com/2024/05/07/business/dealbook/blackstone-breit-fund-debate.html ▶️ Full conversation with Phil Bak: https://www.youtube.com/watch?v=7oQKNcov-7I ▶️ BREIT short video: https://www.youtube.com/watch?v=OBzk9HnpH2o TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Newsletter on Democratization of Alternatives: https://bit.ly/3AxnyTY Listen to the podcast: https://pod.link/1511595070 AFFILIATE LINK What I use for editing: https://get.descript.com/1ldhm44pyr0p ✨ **Subscribe for more in-depth analyses and industry insights!** ✨ #Blackstone #BREIT #RealEstate #PrivateEquity TIMESTAMPS 0:00 BREIT full 00:24 BREIT's significance beyond its size and profitability 02:22 Interview with Phil Bak in 2023 02:36 The issues and outlook for BREIT 04:00 BREIT and the extraordinary University of California deal 04:59 BREIT's liquidity issue 07:42 Zooming on BREIT's NAV 09:10 Tackling misconceptions about liquidity 11:15 Are public valuations stupid? 13:01 BREIT doesn't make financial sense 14:57 BREIT is about marketing and user experience 16:43 The missing reference: Netflix's House of Cards

Discover the untold truths of the private equity world in this eye-opening episode, featuring Ludovic Phalippou, a renowned professor of financial economics at Oxford University Saïd Business School. Unpack the complex realities of private equity, from misconceptions about past performance to the intricacies of fee structures. Ludovic, known as the "bete noire" of private equity, alongside host George Aliferis, delves deep into the industry's practices, educational challenges, and the urgent need for clearer regulation.

On YouTube: https://youtu.be/WKSWrjssSAM REFERENCES ▶️The Book: Private Equity Laid Bare https://www.amazon.co.uk/gp/product/B08T7D4ZQ2?ie=UTF8&psc=1&linkCode=sl1&tag=pelaidbare21-21&linkId=5a158a6c37f97026d9c4da65bfd68a8d&language=en_GB&ref_=as_li_ss_tl ▶️The Website: https://pelaidbare.com/ ▶️ Follow Ludovic on Linkedin: https://www.linkedin.com/in/ludovic-phalippou-5488b147/ ABOUT THE AUTHOR Ludovic specialises in private equity and asset management. Ludovic is the author of the bestseller 'Private Equity Laid Bare', and professor of Financial Economics at Saïd Business School, University of Oxford. He specialises in private market investments with a focus on fee tracking, interest alignment, and return benchmarking. Named as one of 'The 40 Most Outstanding Business School Profs Under 40 in the World' in 2014, and as one of the 20 most influential individuals in private equity in Europe in 2016, Ludovic has strong links with senior practitioners in the industry, routinely speaks at practitioner conferences, and appears in the media internationally. Ludovic’s research papers have been widely cited in academia, in the press, and in regulatory circles. Ludovic's paper 'How alternative are private markets?' is one of three 2018 recipients of the Jack Treynor Prize, sponsored by the Q-Group. The Treynor Prize recognises superior academic working papers with potential applications in the fields of investment management and financial markets. Ludovic achieved a degree in Economics from Toulouse School of Economics; a Master in Economics and a Master in Mathematical Finance both from the University of Southern California; and a PhD in Finance from INSEAD. TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Join the newsletter: https://bit.ly/3AxnyTY AFFILIATE LINK What I use for editing: https://get.descript.com/1ldhm44pyr0p TIMESTAMP

00:00 Teaser 00:26 Introducing Ludovic Phalippou: The Private Equity "Bete Noire"? 01:38 Is it Barbarians at the Gate 03:45 The Complex World of Private Equity Returns 04:54 Education in Private Equity: Bridging the Gap 07:02 The Misleading Metrics of Private Equity Performance 12:49 The Challenge of Teaching Private Equity Authentically 16:11 The Importance of Critical Thinking in Private Equity Education 20:13 Advocating for a Balanced Perspective in Private Equity 22:03 Unpacking the Realities of Private Equity 22:51 The Misconceptions and Myths of Private Equity Performance 23:49 The Academic Challenge in Private Equity Education 24:38 The Impact of Practitioners in Academia on Private Equity Understanding 25:16 The Need for a Shift in Private Equity Education 26:58 Personal Anecdotes Highlighting the Importance of Education in Private Equity 30:24 Misleading Financial Representations and the Need for Regulation 34:38 The Complex World of Private Equity Fees Explained 39:54 Concluding Thoughts on the Future of Private Equity Education

We uncover the massive impact Jack Bogle, the titan of the investing industry, had in reshaping the investing landscapes for the better, with Eric Balchunas author of the book 'The Bogle Effect.' From revolutionizing low-cost index investing, the birth of the RIA movement, to setting the stage for the future of asset management – learn how Bogle has truly changed the game and continues to influence trends today. Watch it on YouTube: https://pod.link/1511595070 REFERENCES ▶️The book: The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillionshttps://www.amazon.com/Bogle-Effect-Vanguard-Investors-Trillions/dp/1637740719 ▶️ Follow Eric on Twitter: https://twitter.com/EricBalchunas ABOUT THE AUTHOR ERIC BALCHUNAS is a senior ETF analyst at Bloomberg, where he has over a decade of experience working with ETF data, designing new functions and writing ETF research for the Bloomberg terminal. He also writes articles, feature stories and blog posts on ETFs for Bloomberg.com and appears each week on Bloomberg TV and Radio to discuss ETFs. You can find his articles here: http://www.bloomberg.com/authors/ADUgYkp2OlE/eric-balchunas TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Join the newsletter: https://bit.ly/3AxnyTY AFFILIATE LINK What I use for editing: https://get.descript.com/1ldhm44pyr0p TIMESTAMPS 0:00 Eric Balchunas 00:38 Who is Jack Bogle? 01:12 The Bogle Effect and its Impact on the Industry 01:28 The Spread of Passive Investment in Europe 02:50 The Story Behind the Book 'The Bogle Effect' 04:27 The Trillions Saved by Bogle's Approach 06:30 The Impact of Vanguard and Bogle on Other Funds 07:25 Bogle's Vision and Legacy 11:04 The Contrast Between Bogle and Wall Street 14:47 The Rise of Index Funds and the Role of Vanguard 15:44 The Long Road to Low-Cost Index Funds 20:10 The Long Road of Investment 20:54 The Impact of Bogle's Persistence 21:20 The Evolution of Investment Culture 21:43 The Challenges of Changing the System 22:48 The Birth of the RIA Movement 24:12 The Shift in Advisor Payment Models 26:03 The Influence of Behavior and Philosophy 26:25 The Power of Staying the Course 26:55 The Concept of 'Enough' and its Impact 32:08 The Vanguard Brand and its Impact 37:53 The Future of Asset Management 40:35 The Legacy of Bogle

A conversation with Gregory Zuckerman, an award-winning writer for The Wall Street Journal and author of "The Man Who Solved Wall Street". We dive deep into the world of quant investing, exploring the journey of renowned mathematician, investor, and Founder of Renaissance Technologies, Jim Simons, together with his extraordinary team.

Watch it on YouTube https://youtu.be/_5JkBUeLOLQ
REFERENCES ▶️The book: https://www.waterstones.com/book/the-man-who-solved-the-market/gregory-zuckerman/9780241309735 ▶️Greg's website: https://www.gregoryzuckerman.com/ ▶️ Follow Greg on Twitter: https://twitter.com/gzuckerman? TO GO FURTHER 🧑🏽‍🎓 Alternative Investments Course: https://bit.ly/Alts_Invest 📩 Join the newsletter: https://bit.ly/3AxnyTY TIMESTAMPS 00:00 Introducing Greg Zuckerman 02:19 Jim Simons: The Man Behind the Quant Revolution 04:00 Jim Simons' Management Skills 05:19 The Uniqueness of Jim Simons' Investment Approach 06:35 The Importance of Limiting Fund Size 09:37 The Human Element in Quantitative Investing 14:56 The Role of Data in Quantitative Investing 19:09 The Current State of Quantitative Investing 19:23 A Definition of Quants from Billions 22:26 Is AI the Future of Quantitative Investing or just a Variation 29:41 Beyond Investing The Importance of Systematizing Decision-Making 37:11 Conclusion: An Amazing Book for Everyone Interested in Quant, But Also Extraordinary Human Achievements

George Aliferis sits down with Trym Riksen, Head of Portfolio Management at Gabler, to debunk the myths surrounding private equity. They dive into the narrative that private equity offers high returns with low volatility and discuss the reality behind these claims. Trym provides insights into the limitations of private equity data, and the challenges of comparing it to listed assets They also explore the influence of marketing and the democratization of private equity. An eye-opening discussion that separates fact from fiction in the world of private equity. Watch it on YouTube: https://youtu.be/a0Ag6D0erP0 LINKS ▶️Trym on Linkedin: https://www.linkedin.com/in/trym-riksen-6580952/ ▶️The CEM Benchmarks: https://www.cembenchmarking.com/ ▶️Ludovic Phalippou's book: https://www.amazon.co.uk/Private-Equity-Laid-Ludovic-Phalippou/dp/B08T7D4ZQ2 ▶️Meb Faber study on CalPers: https://mebfaber.com/2023/11/08/should-calpers-fire-everyone-and-just-buy-some-etfs/ ▶️Gabler: https://gabler.no/ ▶️Spreadsheet with an example of IRR:https://docs.google.com/spreadsheets/d/1qS-CeTR4V5LdC4ti51IOFIBU1sc-adeG2Zf-i_X4RRU/edit?usp=sharing TIMESTAMPS 00:00 Private Equity Marketing with Trym Riksen 00:55 Discussion on Blackstone's Holiday Video 01:49 The Founding Myth: The Yale Endowment returns 03:15 The misleading nature of Private Equity return figures 06:23 The reality of Private Equity volatility 14:00 The truth about Private Equity diversification 17:11 Private Equity's power of influence 24:48 The role of advisors in Private Equity 29:21 Thoughts on the democratization of Private Equity 31:36 Conclusion and final thoughts IMPORTANT NOTE: There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

Ever wondered what it would be like to own a fraction of a masterpiece artwork? I've delved into the world of art investment and explored the intriguing proposition offered by Masterworks. They claim to outperform the market and have an impressive track record. Find out if it's too good to be true. 📽 Watch it on YouTube: http://bit.ly/2FQSunJ 📩 Explore Alternative Investing. Join the newsletter: https://bit.ly/3AxnyTY 🧑🏽‍🎓 Check free and paid courses on Hedge Funds, Alternative Assets & Defi https://bit.ly/investorama_courses CHAPTERS 00:00 Introduction to Art Ownership and Masterworks 01:59 Masterworks' Strategy and Approach 04:38 Comparing Masterworks to Other Asset Classes 06:05 Understanding Masterworks' Performance 07:25 Dispersion and Portfolio Considerations 08:43 Long-term Considerations and Risks 10:38 Masterworks' Marketing and Influence 11:00 Thoughts on the Democratization of Alternative Assets

Limitless: Beyond the mind-blowing investment results from Eddie Morra (Bradley Cooper) when he's on NZT, could he manage a fund that we’d invest in? CONNECT 📽 Subscribe on YouTube: http://bit.ly/2FQSunJ (and turn the notifications on) 📩 Explore the future of investing. Join the newsletter: https://bit.ly/3AxnyTY 🧑🏽‍🎓 Check the courses on Hedge Funds, Alternative Assets & Defi https://bit.ly/investorama_courses KEY FINANCIAL CONCEPTS 1. Quantitative Trading: This refers to using algorithms and quantitative analysis to make trading decisions based on market signals. 2. High-Frequency Trading: It is a form of quantitative trading that involves executing trades at very high speeds, taking advantage of small price discrepancies in the market. 3. Fundamental Research: This involves conducting an in-depth analysis of a company's financials, industry trends, and other factors to determine its value and potential for investment. 4. Behavioral Finance: This field studies how investor psychology and emotions impact financial decisions and market behaviour. PUBLIC FIGURES 1. Jim Simons: A mathematician who founded Renaissance Technologies, a hedge fund known for its use of quantitative trading strategies. 2. Robert Shiller: A Nobel Prize-winning economist known for his work on behavioural finance and the impact of narratives on market behaviour. 3. ARK Fund Management: Tech-focused fund management company headed by Cathie Wood ABOUT THE MOVIE Limitless is a 2011 American science-fiction thriller film directed by Neil Burger, written by Leslie Dixon and featuring Bradley Cooper. Eddie, an aspiring writer, tries a new drug that allows him to make the most of his cognitive abilities. TIMESTAMPS 00:00 Introduction to Limitless and Eddie Morra 00:20 Eddie's Transformation and Newfound Abilities 00:42 Eddie's Investment Strategy 03:24 The Power of Eddie's Brain and Its Implications 04:03 Questioning Eddie's Strategy and Motives 04:59 Investing in Eddie Morra: A Risky Proposition? 05:34 Real-Life Equivalent of Eddie's Strategy: ARK Fund Management 06:12 Investing in the Fund Management Company, Not the Fund 06:17 Conclusion and Invitation for Discussion