In episode 172, we welcome our guest, professor Cam Harvey. Meb and professor Harvey begin the conversation with professor Harvey’s 1986 dissertation on the yield curve, and his finding that when the yield curve inverts, it precedes a recession. His indicator has yet to provide a false signal. He goes on to explain the model, what it really tells us, and the implications as we move late into the summer of 2019.
Professor Harvey then gets into what an inverted yield curve means for growth, and a study he did that describes the performance of various asset classes before and after yield curve inversions.
He follows up with some background on the Duke CFO survey, and the predictive power it has in foreshadowing recession. As of a recent observation, 85% of respondents believe a recession will begin in 2020 or 2021.
The conversation shifts, and professor Harvey gets into some thoughts on cryptocurrency, and the research that went into the creation of his course on Blockchain.
Next, professor Harvey explains blunders in factor investing, from data mining, to investors not taking correlation of factors into consideration.
As the conversation winds down, professor Harvey discusses what he’s thinking about in his research these days, and disruptions he sees coming in finance.
All this and more in episode 172, including professor Harvey’s most memorable investment.
In episode 290, we welcome our guest, Bill Smead, the Chief Investment Officer for Smead Capital Management. In today’s episode, Bill explains why he believes the market is undergoing a …
Episode 289 is a Mebisode. In this episode, you’ll hear Meb put today's stock valuations into historical perspective. He addresses the claim that …
In episode 288, we welcome our guest, Doug Pugliese, the Head of 1042 QRP Solutions at Alpha Architect, where he manages the firm’s qualified …
In episode 287, we welcome our guest, Jonathan Hsu, the co-founder and General Partner at Tribe Capital, a venture capital firm focused on using product and data science to engineer N-of-1 …
In episode 286, we welcome our guest, Jeremy Grantham, co-founder and Chief Investment Strategist of GMO.
In today’s episode, Jeremy begins by talking about the current market, which he …
In episode 285, we welcome our guest David Marcus, the co-founder and Chief Investment Officer of Evermore Global Advisors, where he manages the Evermore Global Value Fund. In today’s …
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