Ep. 112: Mike Philbrick on Bond Massacres, Better Diversification and Systematic Thinking

Mike is the Chief Executive Officer of ReSolve Global Asset Management. He has over 29 years of experience in investment management and is responsible for investment decisions, coaching, and strategic leadership. He has co-authored the book Adaptive Asset Allocation: Dynamic Global Portfolios to Profit in Good Times – and Bad. Before his investment career, Mike played professional football. This podcast we discussed: 

1. Understanding true diversification 
2. How to invest in different stages of the business cycle 
3. All weather and risk parity portfolios 
4. Whether valuations matter 
5. Why systematic over discretionary 
6. Benefits of machine learning 
7. Current views on macro 
8. The 1994 bond massacre 
9. Inflation volatility 
10. Parallels to 1970s and 1940s 
11. Books that influenced Mike: Way of Champions (Lynch), Manias, Panics, and Crashes (Kindleberger), Zen and the Art of Motorcycle Maintenance (Pirsig), Flow (Csikszentmihalyi), Lessons of History (Durant),  Behavioural Investing (Montier), Liar’s Poker (Lewis), Market Wizards (Schwager), and Fortune’s Formula (Poundstone) 

You can follow him on Twitter here , LinkedIn here and ReSolve here. 

Read the full transcript here.

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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)