The ETF Experience
On the ETF Experience Podcast, we’ll take you behind the scenes of the asset management industry to talk investing, best practices, and how to build better portfolios. Brought to you by the team at Exponential ETFs and host Phil Bak.
info_outline Bonus: Who caused the flash crash? Replay from the Phil Bak Podcast 06/09/2020
Bonus: Who caused the flash crash? Replay from the Phil Bak Podcast Replay from the Phil Bak Podcast - please update your subscriptions.
info_outline Bonus: Inspiring Community Entrepreneurship from the Phil Bak Podcast 06/05/2020
Bonus: Inspiring Community Entrepreneurship from the Phil Bak Podcast Replay from the Phil Bak Podcast - please update your subscriptions.
info_outline Chris Irons – Quoth the Raven 03/30/2020
Chris Irons – Quoth the Raven Christopher Irons from Quoth the Raven research joins the show to talk about Covid-19 and its impact on the economy, how Chris identified the risks of a pandemic early on and what to expect from the markets and a macro level going forward. Phil and Chris also discuss censorship, Austrian economics, corporate bailouts, investing in gold, and more.
info_outline Cabin Fever: Part Three (EP.78) 03/25/2020
Cabin Fever: Part Three (EP.78) Phil talks to four friends of the podcast about how they are coping with the shutdown, the markets and how they are keeping their spirits up during this difficult time. With Eric Balchunas, Ryan Kirlin, Josh Blechman and Charles Ragauss.
info_outline Cabin Fever: Part Two (EP.77) 03/24/2020
Cabin Fever: Part Two (EP.77) Phil talks to four friends of the podcast about how they are coping with the shutdown, the markets and how they are keeping their spirits up during this difficult time. With Doug Boneparth, “The Wookie Index”, Aaron Morekin and Benjamin Brandt.
info_outline Cabin Fever: Part One (EP.76) 03/23/2020
Cabin Fever: Part One (EP.76) Phil talks to four friends of the podcast about how they are coping with the shutdown, the markets and how they are keeping their spirits up during this difficult time. With Ramp Capital, Tim Maloney, Chris Varley and Vance Barse.
info_outline Aaron Brown – True Quant (EP.75) 03/09/2020
Aaron Brown – True Quant (EP.75) Famed quant Aaron Brown, Phil’s former professor, joins the show to discuss a wide range of topics, from his teaching style to poke to bitcoin, and more. Highlights include: • Professor Brown’s unique teaching style • How to have an edge at poker • Whether factor investing still works • Lack of creativity in quant factors • The case for bitcoin • The disconnect of intrinsic value • Pulling the goalie, in hockey, life and business
info_outline Jim Wiandt – ETF Missionary (EP.74) 03/02/2020
Jim Wiandt – ETF Missionary (EP.74) Phil closes out the Inside ETFs conference with a conversation with the founder of ETF.com, Jim Wiandt. • Early days of index investing • Being a missionary about the ETF vehicle • How to cover companies who also sponsor and advertise • Has ETF popularity peaked? • The next big thing
info_outline Joe Anthony – Public Relations (EP.73) 02/25/2020
Joe Anthony – Public Relations (EP.73) Phil talks to Joe Anthony, President of Gregory FCA about the growth of their firm and the state of public relations and media in the financial services industry. • Early struggles at the company • How the media landscape has changed over Joe’s career • Whether media narratives are shaped by PR • Earned, owned and paid media • Crafting a social media personality and creating digital content
info_outline David Kotok - Cumberland Advisors (EP.72) 02/17/2020
David Kotok - Cumberland Advisors (EP.72) Phil sits down with the legendary David Kotok for an outdoor conversation during Inside ETFs about David’s career, investment principles, Cumberland Advisors and the state of the economy. Conversation highlights: Launching Cumberland just before the oil shock and energy crisis of the 1970’s How David utilizes behavioral finance, quantitative modeling, economics, history and philosophy in his practice The case for equal weight equities The compounding value of writing market commentary and research Reflections on a storied career, and the current state of the market Camp Kotok
info_outline Justin Castelli & Taylor Schulte – Growth Community (EP.71) 02/10/2020
Justin Castelli & Taylor Schulte – Growth Community (EP.71) Taylor Schulte, Founder of Define Financial, and Justin Castelli, Founder of RLS Wealth Management sit down with Phil at Inside ETFs to talk about their joint initiative, the Advisor Growth Community. Conversation highlights: Mindset of collaboration rather than competition Marketing and content generation How to effectively grow a financial advisor business Growth tactics for a better and healthier life, beyond the business Social media return on investment and which platforms to focus on Integrating technology into financial planning and advisory
info_outline Larry Swedroe – Factors & Retirement (EP.70) 02/03/2020
Larry Swedroe – Factors & Retirement (EP.70) Phil is joined by Larry Swedroe to talk about factor investing and Larry’s new book, Your Complete Guide to a Successful and Secure Retirement. The conversation highlights include: How Larry got exposure early in his career 600 factors identified beyond Fama French Popularity versus crowding effects in ESG and Low Vol factors Larry’s Rubber Band Theory and how it relates to the value factor The Lottery Effect and its impact on the Size Factor Planning for retirement & Larry’s new book
info_outline Daniel McCabe – Active Non-Transparent (EP.69) 01/28/2020
Daniel McCabe – Active Non-Transparent (EP.69) Daniel McCabe, CEO of Precidian Investments joins Phil to talk about his career in trading and product development and to discuss Precidian’s solution for non-disclosed actively managed ETFs. They discuss: How Dan’s career got started Running a market-making firm on the Amex Developing CurrencyShares Phantom shorts ADR-plus and currency hedging How ActiveShares works The SEC approval process What to expect from active ETFs in the future
info_outline Godfrey Aguwa Jr. & Michael Randall – Detroit Invests in You: Part 2 (EP.68) 01/22/2020
Godfrey Aguwa Jr. & Michael Randall – Detroit Invests in You: Part 2 (EP.68) In a double episode focused on financial literacy and impact investing in Detroit, Phil is first joined by Godfrey Aguwa Jr. to learn about DCU NextGen, how Godfrey got involved in teaching financial literacy, and the impact of Godfrey’s Lemonade Day initiative in Washtenaw County, MI. That conversation is followed up by Michael Randall from the American Heart Association who explains the purpose of impact investing and how it can make a difference in the areas of health, financial education and more. To learn more about DCU Next Gen please visit: https://dcunextgen.org/ To learn more about the American Heart Association please visit: https://www.heart.org/
info_outline Dr. Forrest Morgeson – Customer Satisfaction (EP.67) 01/13/2020
Dr. Forrest Morgeson – Customer Satisfaction (EP.67) Dr. Forrest Morgeson, Director of Research at the American Customer Satisfaction Index joins the show to define customer satisfaction and talk about the quantitative process employed by the ACSI to measure it. • Intangible vs tangible assets • How to measure customer satisfaction • Managing statistical noise • Quantifying the value of a satisfied customer • Quantifying elasticities and impact on stock prices • Measuring citizen satisfaction on behalf of governments
info_outline Best of 2019: Part Two (EP.66) 01/06/2020
Best of 2019: Part Two (EP.66) In the second of a two part best-of 2019 compilation, we'll hear some of the more powerful and thought provoking segments recorded this year, including guests Morgan Housel, Laura Morrison, Tobias Carlisle, Teddy Fusaro, Christian Magoon, Bill Kelly, Matthew Stoller & Tyrone Ross Jr.
info_outline Best of 2019: Part One (EP.65) 12/30/2019
Best of 2019: Part One (EP.65) In the first of a two part best-of 2019 compilation, we'll hear some of the more powerful and thought provoking segments recorded this year, including guests Daniel Crosby, Cathie Wood, Drew Voros, Craig Lazzara, Ben Johnson, Scott Nations and Ben Hunt.
info_outline The Obstacle is the Way (EP.64) 12/16/2019
The Obstacle is the Way (EP.64) Everyone struggles. In this episode we hear from all of our podcast guests from 2019 who have answered the question about what obstacle they have found a way to work around or persisted through, along their path to success. We’ll hear from Ben Johnson, Oliver Renick, Phil Huber, Kathleen Moriarty, Ben Hunt, Bill Kelly, Alex Chalekian, Perth Tolle, Morgan Housel, Tobias Carlisle, Nicole Boyson, Daniel Crosby, Alexandra Levis, Dan Cupkovic, Scott Nations, Sal Gilbertie, Andrew Stewart & Matthew Stoller about how they all overcame adversity.
info_outline Matt Stoller – Fighting Monopolies (EP.63) 12/09/2019
Matt Stoller – Fighting Monopolies (EP.63) Matthew Stoller from the Open Markets Institute joins Phil to talk about his book Goliath and explain the history of the war against monopoly power in America. The history and cyclicality of monopolies as a political issue The damage done by monopolies America’s concentration crisis across all sectors Antitrust and monopoly concerns in the financial services industry
info_outline Ben Hunt - Epsilon Theory: Part Two (EP.62) 12/02/2019
Ben Hunt - Epsilon Theory: Part Two (EP.62) Note from Phil: please first listen to Epsilon Theory: Part One (episode 47) from August 19, 2019 Ben Hunt explains the meaning behind some of the most important of Epsilon Theory phrases and concepts. Always Go to the Funeral The Nudging Oligarchy Why am I reading this NOW? Narrative missionaries Too Clever by Half Clear Eyes & Full Hearts Thanks, and have a great Thanksgiving to you and your family.
info_outline Andrew Stewart – Exchange Capital (EP.61) 11/25/2019
Andrew Stewart – Exchange Capital (EP.61) Andy Stewart from Exchange Capital Management sits down with Exponential’s Phil Bak and Charles Ragauss to talk about the investing landscape. Highlights include: Complimenting ETFs with direct stock investing Concentration of cap weight indexes Tech stock valuations Active versus passive as a false debate The evolution and impact of commission free trading How to trade illiquid securities Currency- hedging International stocks
info_outline Sal Gilbertie – Trading Agriculture (EP.60) 11/18/2019
Sal Gilbertie – Trading Agriculture (EP.60) Phil is joined by Sal Gilbertie, Founder and CEO of Teucrium Trading to discuss commodities. The conversation highlights include: Our connection to commodities and how everything we touch comes from commodities Launching Teucrium Trading and their ETFs How to forecast commodity prices Technology in the agriculture industry Geo-politics and the trade wars – impact on agriculture prices Using commodities in modern portfolios Technical vs fundamental analysis to tactically trade commodities
info_outline Scott Nations – Options and Crashes (EP.59) 11/11/2019
Scott Nations – Options and Crashes (EP.59) Scott Nations joins the podcast to talk about how options trading has evolved over his career and to give an overview of his book, The History of the United States in Five Crashes. Topics discussed: Options trading pits – how they have evolved What it takes to be a good options trader Creating a better VIX Imbalance of options premiums Closet indexing and index bubble fears Anatomy of a market crash How exchanges have mitigated risk of another flash crash What the next market crash could look like
info_outline Dan Cupkovic – BlackSwan Index (EP.58) 11/04/2019
Dan Cupkovic – BlackSwan Index (EP.58) Dan Cupkovic, Director of Investments at Argi financial Group in Lousiville, KY talks to Phil about developing the BlackSwan index and why he set out to convert the SMA strategy into an ETF. They also discuss: The case for the SWAN index Lowering volatility while lowering correlation Where to use it in a portfolio The process of converting an SMA into an ETF How Argi evaluates ETFs for it’s own portfolios
info_outline Alexandra Levis – Disruptive Marketing (EP.57) 10/28/2019
Alexandra Levis – Disruptive Marketing (EP.57) Phil talks to Alexandra Levis about marketing in the financial services industry and the challenges facing entrepreneurs. The topics include: What makes good marketing content The contrast between old and new financial companies How to disrupt the right way How to effectively get PR exposure Content generation and creating “micro moments” Millennial perspective
info_outline Daniel Crosby – Behavioral Investing (EP.56) 10/21/2019
Daniel Crosby – Behavioral Investing (EP.56) Behavioral investing author Daniel Crosby joins the podcast for a fascinating conversation with Phil that covers: Being yourself to grow confidence Writing the Behavioral Investor book Whether quant investing solves behavioral biases Irrationally taking risks in our everyday lives Brinker Innovation Lab & Tulip software
info_outline Nicole Boyson – Academic Outsider (EP.55) 10/14/2019
Nicole Boyson – Academic Outsider (EP.55) Phil is joined by Nicole Boyson, Professor of Finance at Northeastern University, to talk about her research about the asset management industry and best practices. The conversation includes: How Nicole keeps her finger on pulse of the industry as an academic Hedge Fund contagion & LTCM Nicole’s research on Hedge Fund activists Brokerage and dual-registered advisor models versus fiduciaries Conflicts of interest and the Fiduciary Standard
info_outline Tobias Carlisle – Deep Value (EP.54) 10/07/2019
Tobias Carlisle – Deep Value (EP.54) Tobias Carlisle from Acquirers Funds joins Phil for a conversation about value investing. Conversation highlights: How Tobi discovered value investing An overview of Tobi’s books, including Quantitative Value, Deep Value, Concentrated Investing and The Aquirer’s Multiple The case for concentration and active share Launching a strategy in an ETF versus a hedge fund or mutual fund The cyclicality of value “This time is different” arguments and if value still works