LTCM Co-Founder on Risk, Leverage & Simplicity | Victor Haghani

In this episode, founder of Elm Wealth and co-founder of LTCM Victor Haghani shares lessons from Long-Term Capital Management and contrasts today’s highly levered hedge-fund world with LTCM’s era. He also explains Elm’s Dynamic Index Investing framework and why simplicity and discipline outperform complexity and return-chasing over time. Enjoy!
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Timestamps:
00:00 Introduction
01:04 Insights from Victor’s Storied Career
09:22 Today’s Market vs the 90s
16:32 Grayscale Ad
17:11 Fat Tails & Return Chasing
28:41 Grayscale Ad
29:29 Is Discretionary Macro a Fool’s Game?
37:42 Portfolio Construction & Managing Risk
44:33 Balancing Risk, Sizing, & Expected Returns
50:15 What is Good Diversification?
55:55 Exotic Forms of Diversification
59:52 Final Thoughts

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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

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