Valuewalk's ValueTalks

ValueWalk interview with Howard Marks on Oaktree Capital Management on his new book Mastering the Market Cycle: Getting the Odds on Your Side, value investing, reading, his life and much more

Good morning listeners, Today is a very special episode with Phil Bak, the founder and CEO of Exponential ETFs. Exponential ETFs manages the American Customer Satisfaction ETF and the Reverse Cap Weighted ETF. Before this, he was the managing director at the New York Stock Exchange where he grew the NYSE listing business to 90% market share by AUM and over 2 trillion in total assets for NYSE listed ETFs. He is a graduate of Yeshiva University and is a chartered alternative investment analyst. I want to welcome Phil to the show and all our listeners to a very special episode. 1:20 – Tell me about your background and what led you to the finance industry? 2:01 – What led you to the ETFs? 4:10 – When you first started, how would you define an ETF and has it changed now? 7:20 – How has the industry progressed since you got started? 10:15 – When you try to find those strategies, how do you go about it? 11:38 – Where do you find inspiration for thinking outside the box? 15:40 – Can you describe more about the research behind your 2 ETFs? 18:25 – Is it specific to US? 19:30 – Can the customer satisfaction be seen in the R&D portion of the company? 22:00 – For the reverse cap, did you find any interesting findings? 24:10 – Can you project the CSAT into the future? 25:10 – How would you define risk? 27:15 – In terms of your ETF, how do you manage risk? 29:05 – What are your views on active investing? 30:15 – Do you view active management as your competition? 31:15 – What are your favorite books? Enjoy and thanks for the listen!

Good morning listeners, Today is a very special episode with Eric Ervin, founder and CEO of Blockforce Capital. In today's episode we discuss ETFs and blockchain. 1:33 – Tell me about your background and what led you to finance? 2:21 – What led you to ETFs? 3:55 – You recently converted Reality Shares to Blockforce, may I ask why and what led to that? 5:55 – What excites you most about the blockchain space? 8:20 – Who are the companies heavily investing in blockchain? 10:40 – How do you evaluate companies investing in blockchain is can you find out the return on investment? 14:06 – With the venture, hedge fund, and ETF, do you have an overall process and approach? 16:50 – On a personal level, do you follow a particular philosophy? 19:04 – What are cryptocurrencies and crytoassets and what are the differences? 24:05 – When you invest in cryptocurrencies, how do you approach it and what do you look for? 28:21 – How do you define risk? How do you measure and manage it? 32:05 – What is your pragmatic view of blockchain and digital assets? 37:04 – What are your favorite books? Enjoy and thanks for the listen!

The founder of AgeCroft Partners, Don Steinbrugge.

Salil Mehta. He is chief risk and analystics engineer and is a weekend professor at Columbia.

Hello Listeners, Tobias is back for another episode with my co-host, Adam. Tobias is the author of the "Acquirer's Multiple" and founder and managing partner at Carbon Beach Asset Management. 1:25 – Just curious to start out with a 30,000 foot view where the Acquirer’s Multiple fits into this and what you are adding? 6:32 – Do you think that American Express investment represented the shift in the evolution into Buffet’s style like the first non-Ben Graham style investment? 12:26 – What is the apples to apples outperformance of the Acquirer’s Multiple methodology compared to Greenblatt’s magic formula? 12:56 – Have you had the opportunity to speak with Greenblatt and present your findings to him? 14:19 – The Acquirer’s Multiple methodology? 16:42 – How do you spend most of your day? 22:51 – What are your views on the passive versus active debate? 22:50 – So you start out with the screen and look at each company and then defer back to the screen, how do you does the process work? 26:45 – Did you construct this system yourself? 29:37 – If you had to pick one stock and hold it for the next 30 years? 30:47 – How many factors due you screen on? 32:41 – What advice would you give a young millennial entering the money management business? 34:28 – What is the most important thing people do not know about you? 39:05 – What do you know now that you wish you knew then? 42:37—What do you do for fun? Enjoy and thanks for the listen!

Today is a very special episode with Tian Yang, head of research at Variant Perception.

Whitney Tilson talks life https://www.valuewalk.com/

John Stroud, co-founder and managing partner of NRJ Capital.

Today is a very special episode with the founder of Hermitage Capital, Bill Browder. Hermitage was once one of the largest investment funds in Russia - listen to the story and much more on this world famous investor and activist below

Thornburg Investment Management with Connor Browne and Bimal Shah

Elizabeth Lilly, the founder and president of Crocus Hill Partners talks micro cap value hunting https://www.valuewalk.com/

Hello Listeners, Nick Cowan is the Founder and Managing Director of GSX Limited. Prior to this he was a professional trader working at NJC Trading and was Global Head of Equity trading at ING. He also served as a managing director at Bear Stearns UK.

Mike Kerins, CFA, FRM. Mike founded and is the CEO of RobustWealth, a financial technology company, which provides financial advisors an institutional-quality robo-investments solutions. In today’s episode we discuss the present state of financial advisors, the problems facing them, and his company Robust Wealth.

Hello Listeners, Today is a very special episode back with Rachel Carpenter, founder and CEO of Intrinio.com. Intrinio is helping make financial information accessible and affordable for everyone who uses financial information or who would like financial information. In today’s episode we discuss the latest features of Intrinio and the stories of the early days. 1:18 – What are the new developments? 2:50 – How does the financial modeling function work? 5:00 – Can you tell me about the excel add-in and the stock screener as well? 8:41 – What are the new tools for the developers? 12:02 – How is the developer program progressing and what are some of the apps that they are building? 15:33 – What is the blogger program and how does that work? 17:13 – Tell me about the early days and bootstrapping efforts? 23:33 – What were the early days like in terms of customer acquisition? 27:17 – How important is customer service and what did you learn from making over 2500 calls? 29:22 – Anything that you learned to help make your product better? 31:26 – What is your advice to entrepreneurs and how to incorporate customer feedback? 33:09 – Is being located in Florida a competitive advantage? 35:37 – What are the key business lessons you have learned so far? 37:43 – What lessons have you learned as CEO and founder? 39:32 – Your thoughts on blockchain 41:20 – What are you excited most coming 2018? Enjoy and thanks for the listen!