Business
Alan Dunne is joined today by Phil Huber, in the first of our new Allocator Series, to discuss the education gap that needs to be filled regarding efficient capital allocation, the typical clients and types of portfolios that Phil deals with, adjusting portfolios to accommodate for changing market cycles, defining ‘alternative investments’, the extent to which a portfolio should be actively managed, traditional versus alternative investments, the challenges of manager selection, cultivating a behavioural edge as an allocator, and how to manage difficult conversations with clients. ---- In this episode, we discuss: Better education around capital allocation Allocating capital throughout various market cycles How to define an ‘alternative investment’ How actively we should manage a portfolio Traditional versus alternative investments The difficulties in the manager selection process Being a great behavioural investor as an allocator Difficult conversations with clients Advice for aspiring capital allocators Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Alan on https://twitter.com/alanjdunne (Twitter). Follow Phil on https://twitter.com/bpsandpieces (Twitter). ---- Episode TimeStamps: 00:00 - Intro 02:44 - How 2022 has been for allocators so far 03:13 - Phil Huber’s journey into investing 05:46 - Why Phil wrote a book on capital allocation 09:00 - The typical clients, and types of portfolios that Phil deals with 12:07 - The 60 / 40 portfolio and how it became so popular 18:49 - Adjusting portfolios to accommodate for changing market cycles 22:37 - Defining ‘alternative investments’ 30:27 - Choosing which strategies to invest in, and when to choose these strategies 37:45 - The extent to which a portfolio should be actively managed 39:36 - Traditional versus alternative investments 40:04 - The challenges of manager selection 49:51 - Cultivating a behavioural edge as an allocator 53:09 - The importance of courage 54:55 - Managing difficult conversations with clients 01:01:68 -Advice for aspiring asset allocators ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend...