Apr 1, 2021
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Gary Mishuris, managing partner and chief investment officer at
Boston-based Silver Ring Value Partners, joins the podcast to
discuss using behavioral finance to protect against mistakes in
one's own investing process.
The conversation quickly moves to Archegos Capital and whether this
is a contained event that can be a buying opportunity -- or whether
it constitutes systemic risk for the market in general.
Later we discuss financial literacy and how investment managers
face a real conflict that prevents them from being true
fiduciaries.
- Behavioral finance: not just to identify investment opportunities (3:42);
- The first step is admitting you have a problem (5:25);
- The Devil's Advocate Club (6:31);
- Archegos Capital and the blocktrade controversy (14:19);
- Is the Archegos Capital issue a contained event or something like the Long Term Capital Management crisis? Or perhaps a 'canary in the coalmine' type of thing? (21:40);
- Central banks may not have the market's back indefinitely and relying on the Fed may be (24:19);
- Background on the guest (32:51);
- The conflict preventing fund managers from being true fiduciaries (31:31);
- The need for fund managers to train their investors (35:20);
- Financial literacy and educating the broader public about investing (46:54);
- The name of the fund (Silver Ring) is not a Lord of the Rings reference. The story behind how the fund got its name (50:03)
- Website: SilverRingValuePartners.com;
- Behavioral Value Investor publication;
- Request the owner's manual discussed here (free).