Phil Bak, Armada ETFs - Masterclass in (Liquid) Real Estate Investing | #496
08/23/23 • 62 min
1 Listener
Today’s guest is Phil Bak, CEO of Armada ETFs, which provides investors broad access to the real estate asset class.
In today’s episode, Phil gives a masterclass on real estate investing. He covers the residential real estate space, the problem investors have come across this year with private REIT strategies, and why he has a solution to their problem. Then he shares how he’s using AI and machine learning to the REIT space through his long-only hedge fund.
(0:39) - Sponsor: Future Proof
(1:14) - Intro
(2:00) - Welcome Phil to the show
(2:25) - Navigating the realms of entrepreneurship and investing
(5:39) - REIT overview
(13:30) - Narratives drive flows, flows drive performance
(15:47) - Challenges for Private REITs
(30:57) - Creating PRVT ETF to replicate private REIT strategies with lower fees and liquidity
(34:18) - Exploring the HAUS ETF
(36:12) - Applying AI & machine learning to REITs
(43:08) - Phil’s most memorable investment
(48:11) - Changing market dynamics due to shifting Fed actions and evolving REIT landscape
(51:37) - Lessons from investing in baseball cards
(54:37) - What investment belief Phil holds that most of his professional peers do not
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Follow Meb on Twitter, LinkedIn and YouTube
For detailed show notes, click here
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
-----
Sponsor: Future Proof, The World’s Largest Wealth Festival, is coming back to Huntington Beach on September 10-13th! Over 3,000 finance professionals and every relevant company in fintech, asset management and wealth management will be there. It’s the one event that every wealth management professional must attend!
Sponsor: The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.
Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok
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Interested in sponsoring the show? Email us at [email protected]
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks,
Today’s guest is Phil Bak, CEO of Armada ETFs, which provides investors broad access to the real estate asset class.
In today’s episode, Phil gives a masterclass on real estate investing. He covers the residential real estate space, the problem investors have come across this year with private REIT strategies, and why he has a solution to their problem. Then he shares how he’s using AI and machine learning to the REIT space through his long-only hedge fund.
(0:39) - Sponsor: Future Proof
(1:14) - Intro
(2:00) - Welcome Phil to the show
(2:25) - Navigating the realms of entrepreneurship and investing
(5:39) - REIT overview
(13:30) - Narratives drive flows, flows drive performance
(15:47) - Challenges for Private REITs
(30:57) - Creating PRVT ETF to replicate private REIT strategies with lower fees and liquidity
(34:18) - Exploring the HAUS ETF
(36:12) - Applying AI & machine learning to REITs
(43:08) - Phil’s most memorable investment
(48:11) - Changing market dynamics due to shifting Fed actions and evolving REIT landscape
(51:37) - Lessons from investing in baseball cards
(54:37) - What investment belief Phil holds that most of his professional peers do not
-----
Follow Meb on Twitter, LinkedIn and YouTube
For detailed show notes, click here
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
-----
Sponsor: Future Proof, The World’s Largest Wealth Festival, is coming back to Huntington Beach on September 10-13th! Over 3,000 finance professionals and every relevant company in fintech, asset management and wealth management will be there. It’s the one event that every wealth management professional must attend!
Sponsor: The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.
Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok
-----
Interested in sponsoring the show? Email us at [email protected]
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks,
Previous Episode
Mohnish Pabrai on Cloning & Compounding | #495
1 RecommendationsToday’s guest is Mohnish Pabrai, founder and Managing Partner of the Pabrai Investments Funds, which he started in 1999 and has since built an incredible track record.
In today’s episode, Mohnish talks about his love for bridge, what his friend Warren Buffett’s online bridge name is, his philanthropic endeavors, opportunities he sees in Turkey and India, and what he would do with the Apple position today if he was running Berkshire Hathaway.
(0:39) - Sponsor: YCharts
(1:26) - Intro
(2:00) - Episode begins
(5:57) - Mohnish’s educational background
(11:37) - Revived love for Bridge
(18:00) - The magic of compounding
(24:57) - Dakshana provides intense prep for competitive exams to underprivileged kids
(38:54) - Investing long-term in high-conviction bets regardless of error rates
(42:51) - Think like a founder, hold onto investments long-term despite drawdowns
(46:32) - If he worked at Berkshire, would he sell or hold Apple today?
(48:53) - What interested Mohnish in Turkey & India?
(1:02:45) - Which tech stocks would Bill Gates buy?
(1:06:51) - Mohnish’s most memorable investment
(1:11:57) - Narrow expertise depth, no need to know everything about everything
-----
Follow Meb on Twitter, LinkedIn and YouTube
For detailed show notes, click here
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
-----
Today's episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio construction, communication outputs, and market monitoring. Visit YCharts to start your free trial and be sure to mention "Meb" for 20% off your subscription. (New clients only).
Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.
Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok
-----
Interested in sponsoring the show? Email us at [email protected]
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks,
Next Episode
Ulrike Hoffmann-Burchardi, Tudor Investments - AI, Digital, Data & Disruptive Innovation | #497
1 RecommendationsToday’s guest is Ulrike Hoffmann-Burchardi, a Portfolio Manager at Tudor Investment Corporation where she oversees a global equity portfolio inside Tudor’s flagship fund. Her area of focus is around digital, data & disruptive innovation. Barron’s named her as one of the 100 most influential women in finance this year.
In today’s episode, she starts by lessons learned over the past 25 years working at a famed shop like Tudor. Then we dive into topics everyone is talking about today: data, AI, large language models. She shares how she sees investment teams incorporating AI and LLMs into their investing process in the future, her view of the macro landscape, and finally what areas of the market she likes today.
With all the AI hype going on, there couldn’t have been a better time to have her on the show. And we even had an AI program record the intro with my voice!
-----
Follow Meb on Twitter, LinkedIn and YouTube
For detailed show notes, click here
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
-----
Sponsor: Future Proof, The World’s Largest Wealth Festival, is coming back to Huntington Beach on September 10-13th! Over 3,000 finance professionals and every relevant company in fintech, asset management and wealth management will be there. It’s the one event that every wealth management professional must attend!
Sponsor: Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.
Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok
-----
Interested in sponsoring the show? Email us at [email protected]
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran,
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