Enterprising Investor

Founder and CEO of Essentia Analytics, Clare Flynn Levy, joins Mike Wallberg, CFA, to discuss the concept of the behavioral alpha score, a metric designed to assess an investor's decision-making skill. Drawing from her experience as an active equity fund manager, Clare explains the origins of the behavioral alpha score and its significance in the pursuit of sustainable investment alpha in an increasingly competitive landscape. She emphasizes that traditional methods of generating alpha, such as superior information, are no longer effective, highlighting the importance of understanding and improving one's own decision-making processes. Tune in to explore how behavioral analytics can enhance investment strategies and decision making.

Join us for a celebratory trip down memory lane as we mark the 500th episode of Guiding Assets! This little show we started all the way back in 2007 has now survived a dozen hosts, two financial crises, and a pandemic. We will look back at the history of the show and welcome back some familiar voices to share their favorite clips from memorable episodes.

A huge thank you to all the listeners who have been with us for all these years. And to everyone who has contributed their talents to make this show happen. Happy 500 everyone!

--------- EPISODE CHAPTERS ---------

(0:00:13) - Celebrating 500 Episodes of Guiding Assets (6 Minutes)

We take a trip down memory lane to celebrate our 500th episode. We hear from some familiar voices as we trace back to the origin of the show in 2007. We get a glimpse of our early days of podcasting, discussing the challenges of creating episode content from one of our original hosts, Rob Gowen, CFA.

(0:06:43) - Mike Walberg, CFA (6 Minutes)

Mike shares some thoughts on the show and his favorite episodes.

(0:12:59) - Lauren Foster (5 Minutes)

Host Lauren Foster also stops by to catch up and share some thoughts.

(0:18:22) - Closing(1 Minutes)

We close out with Mitch thanking all the people who have contributed to the show over the years.

---Links to full episodes of highlight clips------

William N. Goetzmann: Finance and Human Progress - Two Sides of the Same Coin

https://bcove.video/3n5p8nP

John Bogle: Reflections on 40+ Years in the Finance Industry

https://bcove.video/3Wt7jlv

Peter Zeihan: The New World (Dis) Order

https://bcove.video/421iKlQ

Jan Van Eck: History and Investing - Gold, ETFs, and Alexander Hamilton

https://bcove.video/2DO8hVl

Michael Falk, CFA, a partner at the Focus Consulting, applies the lessons he learned as a competitive baseball pitcher to investment teams and discusses the importance of creating a sell discipline for losers and winners in an investment portfolio, his many writing projects, and living with ALS, or Lou Gehrig's disease. ____

► Subscribe to our Take 15 Podcast YouTube channel here: https://www.youtube.com/channel/UCA3HUMuK4FSp_CvQH_2Ji7g

►Transcript: https://cfainst.is/3loZLxT

►Email us for comments, questions, or appearance requests:[email protected] ____

Topics discussed: 2:10 Michael’s love for baseball and lessons to learn from the sport 4:33 Becoming a better listener 8:05 Sell discipline 11:11 When to retire and succession planning 15:17 Michael’s article, Everything You Want to Know About Investing 18:30 Michael’s new paper on stakeholder capitalism 21:25 Bitcoin: how should investors be thinking about cryptocurrencies 25:30 Michael’s thoughts on blockchain technology 27:28 Michael’s clinical trial 34:28 Embracing vulnerability 38:08 Flight or invisibility?

Related articles and links:

Everything You Need to Know About Investing https://www.iwmonitordigital.com/iwmonitor/november_december_2020/MobilePagedArticle.action?articleId=1652473&app=false&cmsId=3881786#articleId1652473 Crypto Dreamin’? The Good, the Bad, and the Ugly https://blogs.cfainstitute.org/investor/2020/06/16/crypto-dreamin-the-good-the-bad-and-the-ugly/

Michael S. Falk, CFA, on Safety Nets, Trampolines, and Opportunity Equality https://blogs.cfainstitute.org/investor/2020/09/15/michael-s-falk-cfa-on-safety-nets-trampolines-and-opportunity-equality/

Drug May Extend A.L.S. Patients’ Lives by Several Months, Study Finds https://www.nytimes.com/2020/10/16/health/ALS-treatment.html

Brené Brown’s TED talk, The Power of Vulnerability https://www.youtube.com/watch?app=desktop&v=iCvmsMzlF7o

John Hodgman on This American Life ep.178 https://www.thisamericanlife.org/178/superpowers/act-one-0

HBR video “Five Whys” https://hbr.org/video/2189146765001/5-whys

HBR article The Contradictions That Drive Toyota’s Success https://hbr.org/2008/06/the-contradictions-that-drive-toyotas-success

This American Life ep. 178: Invisible Man Vs. Hawkman

CFA Institute members and charterholders Professional Learning Tracker https://cpd.cfainstitute.org/

Find Michael here: LinkedIn: https://www.linkedin.com/in/mlfalk/ Twitter: https://twitter.com/msfalk?lang=en

Find Lauren here: LinkedIn: https://www.linkedin.com/in/lauren- foster/ Twitter: https://twitter.com/laurenfosternyc

Connect with the Research Foundation: RF Showcase page: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5

Listen to our quick 20-second trailer to find out what our show is all about. Enjoy short interviews with the greatest thinkers in investments, economics, and many other related financial industry topics.

Subscribe at here or https://take15audio.libsyn.com/.

We're excited to launch this spring with a brand new season featuring conversations with some of the most interesting names in the investment management world.