Citywire: Mistakes Were Made

Ep. 19: Jeremy Grantham

How do you become obsessed with avoiding market bubbles? Get burned by one of course!   This is the tale of GMO founder and chief investment strategist Jeremy Grantham who is today known for his bearish views on the US stock market and for avoiding the 2000 and 2008 crashes,…

25 Nov 2021 26 min

Ep. 18 Mark Mobius

Mark Mobius is one of the most recognisable names in emerging markets investing. But, even the most experienced of developing world investors is not immune from the odd aberration. He tells Chris and Frank how he has been caught out in his storied career and the rules he has adopted…

18 Nov 2021 24 min

Ep. 17: Bob Boyda

A godfather of gatekeepers, Bob Boyda reflects on a life in manager selection and some of the mistakes he made along the way.   He tells Alex and Frank about the dangers of digging for undiscovered managers, red flags in China (pun very much intended) and reveals a killer question…

11 Nov 2021 29 min

Ep. 16: Meb Faber

Cambria's Meb Faber dials in from sunny California to tell Alex and Frank all about betting the house on a biotech stock… and losing. Spoiler alert: options are involved. As are some classic investor misbehaviors including overconfidence, a lack of diversification, and poor (well, no) sell discipline.   But, as…

4 Nov 2021 29 min

Ep. 15: Raphael Kassin

Raphael Kassin, head of EMD hard currency at Itau, joins the Mistakes Were Made pod. He explains why you're not really an emerging market debt investor until you have experienced your first default. While many managers will be going through this for the first time with the Chinese debt and Evergrande crises, Kassin earned his spurs…

28 Oct 2021 21 min

Ep. 14: Sarah Ketterer

Sarah Ketterer is CEO of Causeway Capital Management, the global equity shop she founded in 2001. She also runs the firm’s flagship $6.3bn Causeway International Value fund.   Sarah tells the Mistakes Were Made team what she learned from getting burned by energy stocks, the reason she doubled down on VW following the…

21 Oct 2021 28 min

Ep. 13: Dr Richard Thaler and David Potter

For the latest episode of Mistakes Were Made, we are joined by the Nobel Prize-winning economist Dr Richard Thaler and portfolio manager David Potter.   Thaler is pioneer in the field of behavioral economics and co-author of the best-selling Nudge: Improving Decisions about Health, Wealth, and Happiness.   Potter is…

14 Oct 2021 32 min

Ep. 12: Simon Hallett

For the second episode of season 2, we are joined by Simon Hallett.   Simon is the vice chairman of Harding Loevner, an asset manager that specializes in global equities.   He’s also the owner and chairman of Plymouth Argyle Football Club.   Simon tells the Mistakes Were Made team…

7 Oct 2021 31 min

Ep. 11: Rob Arnott

For the first episode of season 2, we are joined by Rob Arnott. Rob is known as the ‘godfather of smart beta’ for his pioneering work researching and building quantitative investment strategies. Research Affiliates, the Newport Beach-based firm he founded in 2002, offers a series of reweighted indices and asset…

30 Sep 2021 31 min

Ep. 10: Lawrence Lever

For the latest episode of Mistakes Were Made, Alex and Frank are joined by Citywire’s executive chairman and founder Lawrence Lever, AKA their boss.  A former lawyer and investigative journalist, Lawrence tells Alex and Frank about some of the mistakes he made when starting the business, what he learned from them, and…

17 Jun 2021 26 min

Ep. 9: Mark Holman

Alex and Frank are joined by Mark Holman, CEO and portfolio manager at TwentyFour Asset Management, a boutique bond shop running some $28bn.   Mark told us about an error he made going into the Covid crash of 2020 and how the lessons learned from that mistake helped the firm…

10 Jun 2021 30 min

Ep. 8: Ric Edelman

Alex and Frank are joined by Ric Edelman, founder of Edelman Financial Engines, one the largest RIAs in the USA, with some $270bn in assets under management.  Ric tells us about the importance of compounding, why he's so bullish on bitcoin, and has some damning words for the wider financial services…

3 Jun 2021 34 min

Ep. 7: Shannon Saccocia

For our latest episode of Mistakes Were Made, we are joined by Shannon Saccocia, CIO at Boston Private.   She tells Alex ad Frank about a time she backed a breakaway boutique manager, but things did not turn out as planned. Spoiler alert: ego plays its part.   Shannon and…

27 May 2021 32 min

Ep. 6: Gene Goldman

For our sixth episode of Mistakes Were Made, we are joined by Gene Goldman, CIO and director of research at Cetera.    Gene and his team oversee a recommended list of funds and run a suite of discretionary portfolios for Cetera, which has around $80bn of assets under management.  …

6 May 2021 33 min

Ep. 5: Chris Ralph

For our fifth episode of Mistakes Were Made, we are joined by Chris Ralph, one of the UK’s most influential fund selectors.   Chris spent a decade as CIO of St James’s Place, a UK-listed advice firm with £130bn ($180bn) of assets under management.   He retired from the firm…

9 Apr 2021 29 min

Ep. 4: Simon Gottelier

For our fourth episode of Mistakes Were Made, we are joined by Simon Gottelier, a portfolio manager at Natixis affiliate Thematics Asset Management, who specializes in water investment. In this episode, he tells Alex and Frank why he regrets being persuaded to invest in ‘the Donald Trump of drainage’ and…

1 Apr 2021 27 min

Ep. 3: Anthony Scaramucci

For our third episode of Mistakes Were Made, we are joined by Anthony Scaramucci, who is the founder and managing partner of SkyBridge Capital.   Oh, and he was White House director of communications for a (very) hot minute back in 2017.   In this episode, he tells Alex and…

25 Mar 2021 38 min

Ep. 2: Liz Simmie

Welcome to Mistakes Were Made, a new podcast from Citywire that asks investors about their worst mistakes and what they learned from them.    Hosted by Citywire’s US editor Alex Steger and head of research Frank Talbot, each week we hear from an investor about their biggest errors and the lessons…

18 Mar 2021 36 min

Ep. 1: Daniel Crosby

Welcome to Mistakes Were Made, a new podcast from Citywire that asks investors about their worst mistakes and what they learned from them. Hosted by Citywire’s US editor Alex Steger and head of research Frank Talbot, each week we’ll hear from an investor about their gravest errors and the lessons…

10 Mar 2021 32 min