Insight is Capital™ Podcast

There's a version of you your family has never met — and the only way they ever will is if someone asks the right question.

In this episode of Insight Is Capital, host Pierre Daillie sits down with Elena Iacono, founder of LegacyNex, to explore one of the most overlooked dimensions of wealth planning: the stories, wisdom, and hard-won insights that no will, no estate document, and no photo album can hold. Elena calls it human inheritance — the living record of who a person truly is, captured while clarity is still within reach. What begins as a deeply personal conversation about loss becomes a compelling case for why the most valuable thing any of us can leave behind has nothing to do with money.

0:00 — Opening: The version of you your family has never met

Where to find Elena and LegacyNex:

Elena Iacono on Linkedin

LegacyNex

Every move the West makes seems to make things worse — and Doomberg explains exactly why.

Pierre Daillie and Mike Philbrick sit down with Doomberg, one of Substack's most incisive financial and energy analysts, for a wide-ranging conversation that connects diesel shortages, European energy vulnerability, the Iran war, rare earth attrition, Taiwan's fragile energy grid, and a provocative case for why World War III may have already begun in 2014. Doomberg brings his signature blend of industrial experience, geopolitical realism, and premise-first thinking to a set of questions most Western commentators won't touch: Is Russia genuinely a formidable power worthy of deference? Is China running a long game of weapons attrition through proxy wars? And what should investors be doing before these fragile dominoes begin to fall?

1:30 — Intro: The West's wars, the energy crisis, and who came out ahead

6:30 — Welcome: Doomberg joins; diesel export ban and Ukraine strikes

9:30 — Geopolitical checkers: Every Western move makes things worse

10:30 — Trump's 1980s worldview and the myth of escalation dominance

13:30 — Inside the room: Why smart institutions make catastrophic decisions

21:30 — Guyana vs. Venezuela: How small nations navigate great-power neighbors

29:00 — Europe's twin crisis: Natural gas and diesel heading into winter

32:00 — Reading Putin: Why you should go to the source

38:00 — Ukraine as a civil war: The electoral map no one talks about

46:00 — World War III started in 2014: The end of the post-WWII architecture

53:30 — Taiwan: 12 days of natural gas, 98% hydrocarbon imports, indefensible

1:06:00 — China's rare earth strategy and the war of attrition thesis

1:13:00 — Missile production gaps and the arithmetic of Western defense

1:21:00 — While the West postures, Russia and China are quietly winning

1:27:00 — The Western Hemisphere oil thesis: All You Can Eat

1:32:00 — The Doomberg book: Thinking like a sovereign person, fall 2027

#Doomberg #EnergyGeopolitics #RaiseYourAverage #RussiaUkraine #EuropeanEnergyCrisis #GeopoliticalRisk #OilMarkets #TaiwanStrait #ChinaStrategy #NATOEurope #InvestingIn2026 #MacroInvesting #EnergyInvesting #DieselShortage #RareEarths #SovereignThinking #FinancePodcast #GlobalMacro #AdvisorAnalyst #InsightIsCapital

What if the most powerful skill in wealth management has nothing to do with finance — and AI can never learn it?

In this episode of Insight Is Capital, host Pierre Daillie sits down with Edmund Chien, Behavioural Finance Expert and Coach at Flow Cap Advisory, whose unconventional path — from Ryerson's theatre school to a $70-million book of business — reveals why 93% of what happens in a client meeting is invisible to artificial intelligence. Edmund unpacks the 7-38-55 rule (7% words, 38% tone, 55% body language), shares unforgettable stories about reading the room under pressure, and makes a compelling case that improv comedy is the most underrated professional development tool in financial services today.

0:00 — Introduction: The question advisors are getting wrong about AI

#BehaviouralFinance #WealthManagement #FinancialAdvisor #AIandFinance #ClientRelationships #EmotionalIntelligence #ImprovForBusiness #SoftSkills #BodyLanguage #HighNetWorth #FamilyOffice #FinancialServices #AdvisorLife #738Rule #InsightIsCapital #AdvisorAnalyst #SalesSkills #MindsetMatters #FinanceLeadership #HumanConnection

What if the portfolio your clients think they own is actually just an expensive S&P 500 clone in disguise?

In this episode of Raise Your Average, hosts Pierre Daillie (Managing Director, AdvisorAnalyst.com) and Mike Philbrick (CEO, ReSolve Asset Management) sit down with Wesley Gray, PhD (CEO and CIO, Alpha Architect) for a wide-ranging, no-nonsense conversation on factor investing, portfolio construction, and why the biggest threat to advisor value is hiding in plain sight. Wes brings his trademark Marine-meets-PhD directness to topics every advisor needs to hear: from the resurgence of value, to the behavioral and tax traps that quietly vaporize investor returns, to why transparency and process discipline are the only edges that compound over time.

0:00 The wirehouse portfolio problem: what a look-through analysis reveals

1:00 Introducing Wesley Gray, PhD, former Marine intelligence officer and founder of Alpha Architect

4:00 Value investing is back: what the resurgence of QVAL tells us about patience and premiums

7:00 Crawl, walk, run: sizing factor strategies so clients actually stay invested

13:00 The real return killers: taxes, frictional costs, and the liquidity trap

19:00 Capital efficiency: why concentrated factor exposure beats closet indexing

26:00 Line item vs. portfolio allocation: the tracking error conversation advisors must have

33:00 Portfolio X-ray: using look-through analysis to win clients and expose hidden costs

39:00 QVAL deep dive: how academic factor research translates into a real portfolio

46:00 Quantitative vs. discretionary management: why process beats gut instinct

53:00 Luck, skill, and the evidence-based process that makes you look lucky over time

58:00 How to hire, trust, and fire a quant manager

1:05:00 Human nature, behavioral finance, and why factor investing will always be boutique

1:08:00 What advisors get wrong when introducing a factor strategy to clients

#FactorInvesting #ValueInvesting #AlphaArchitect #WesleyGray #RaiseYourAverage #ETFinvesting #PortfolioConstruction #QuantInvesting #BehavioralFinance #WealthManagement #AdvisorAnalyst #FinancialAdvisor #TaxEfficientInvesting #ReturnStacking #QVAL #EvidenceBasedInvesting #IndexFunds #ActiveManagement #FiduciaryAdvisor #InvestmentStrategy

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Nearly half of Canadian financial advisors have no succession plan — and their clients have no idea.

In this episode of Insight Is Capital, host Pierre Daillie sits down with Brent Allen, EVP and Head of Sales and Distribution at IG Wealth Management, to examine the findings of IG's third Advisor Perception Study. With roughly one-third of Canadian advisors planning to retire within the next decade, the succession challenge is no longer a distant concern — it is arriving now, and the industry is not ready.

CHAPTERS

00:00 The succession wave: what the data reveals

#SuccessionPlanning #FinancialAdvisor #WealthManagement #IGWealthManagement #CanadianFinance #AdvisorLife #FinancialPlanning #RetirementPlanning #BusinessContinuity #InsightIsCapital #WealthTransfer #AdvisorPodcast #FinancePodcast #CanadianAdvisors #FeeBasedAdvice #ClientFirst #AdvisorNetwork #FinancialServices #WealthAdvisor #MoneyPodcast

Your clients are probably already getting a lot of their investment intel from financial influencers like Marcos Milla — and that is one of the best things that's ever happened to your practice and to the investment advice profession.

On this episode of Insight Is Capital, host Pierre Daillie sits down with Marcos Milla, the 25-year-old founder of ETF Academy Media, who built a 57,000-subscriber YouTube channel and a thriving B2B media business by doing something deceptively simple: asking ETF portfolio managers the questions retail investors don't know to ask. What began as late-night YouTube sessions after twelve-hour days at the Federal Reserve has become one of the most-watched independent voices in the ETF space, generating over 20 million monthly views across platforms. Pierre and Marcos explore the blurring line between financial education and financial influence, the ethics of sponsored content in a world where a single video can move fund flows overnight, and why the advisor who dismisses a YouTube-informed client may be making a far costlier mistake than the client ever could. And frankly, what does it really say about how the financial advice profession needs to evolve?

00:00 — Introduction: How retail investors are discovering ETFs before their advisors do

#ETF #ETFInvesting #FinancialLiteracy #RetailInvestor #InvestingForBeginners #ETFAcademy #MarcosMilla #FinancialEducation #WealthManagement #InvestmentAdvisor #PersonalFinance #ETFNews #FinTok #PassiveInvesting #DividendInvesting #CoveredCallETF #IncomeInvesting #InsightIsCapital #AdvisorAnalyst #FinanceYouTube

What if the biggest winners of the global AI arms race aren't in Silicon Valley — and passive investors are already exposed to them without knowing it?

Host Pierre Daillie sits down with Kevin Carter, CIO of EMX ETF, for a conversation that fundamentally reframes what emerging markets means in the age of AI. Kevin reveals how three semiconductor giants — TSMC, Samsung, and SK Hynix — have quietly come to represent a third of the MSCI Emerging Markets Index and nearly all of its recent returns, why the hyperscaler CapEx debate misses the real story, how China's open-weight AI models have already surpassed US models in total token usage, and why India may become the world's most important AI implementation market. From DeepSeek's origin story and China's Six AI Tigers to a stunning ETF performance gap that blindsided Vanguard investors, this conversation challenges everything advisors think they know about international allocations.

0:00 — The old EM story vs. the new one: three chip names now own 31% of the benchmark

#EmergingMarkets #AIInvesting #TSMC #DeepSeek #ChineseAI #EMXetf #EMQQ #MagThree #AISupplyChain #OpenWeightAI #IndiaAI #HongKongIPO #KimiK3 #TGRZetf #InsightIsCapital #AIStocks #Semiconductors #GlobalInvesting #WealthManagement #FinancePodcast #MacroInvesting #PierreDaily #KevinCarter #ETF #AIRace

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While everyone else was at the beach celebrating another S&P up year, global value stocks quietly returned 50% — and Meb Faber is done being polite about it.

Cambria Investment Management Founder and CIO Meb Faber joins Pierre Daillie on Insight Is Capital for a conversation that starts where most investment discussions are too comfortable to go. US equities are expensive, concentrated, and priced at CAPE ratios within striking distance of their all-time peak. Yet the complacency is total: the S&P is up mid-teens again, the beach crowd is happy, and almost no one is paying attention to the fact that global value stocks returned 50% last year and are up 25% again this year. Meb and Pierre dig into why that gap exists, what it reveals about herd behavior and passive indexing dogma, and what a genuinely diversified portfolio — one that includes shareholder yield, trend following, real assets, and ex-US exposure — actually looks like in practice. Along the way, Meb dismantles some of the most persistent myths in finance: that dividends are a free bonus, that T-bills are safe, that passive indexing means owning the S&P 500, and that buybacks are a modern invention. His new book, Investing in America: The Rise of a 250-Year Bull Market, surfaces as the historical backdrop to all of it — a reminder of what patient capital actually earns across generations, and a quiet indictment of everything designed to distract investors from that truth.

00:00 — Introduction: 250 years, one chart, $1 into $200 million

03:00 — COVID, meme stocks, and a generation let in through the casino door

06:30 — Creative destruction: why the top companies of every decade eventually vanish

09:00 — Railroads, dark fiber, AI: how every bust seeds the next expansion

12:30 — The valuation problem: writing a US bull market book when US stocks are historically expensive

15:30 — CAPE at 42, dividend yield at 1%: the global opportunity hiding in plain sight

18:00 — The 50% return nobody at the beach is talking about

21:00 — Time Billionaires: human capital, ownership mentality, and the delayed gratification problem

26:30 — Young investors have always been gamblers — the narrative of desperation is wrong

27:30 — Nominal vs. real: why T-bills have had a 50% drawdown and almost no one knows it

30:00 — The dividend myth: 80% of retail investors think a dividend is a free check

35:30 — Shareholder yield: why ignoring buybacks gives you an incomplete and often negative picture

44:00 — SYLD's 10-year track record: top decile across three geographies

46:00 — Energy: from a third of the S&P to under 5%, and what that asymmetry means now

50:00 — Trend following and managed futures: the AI optimizers say 15 to 30%, zero investors do it

55:00 — The investing pyramid: the 80% that matters before any of the sexy 20%

01:01:00 — Passive investing's Achilles heel: market cap weighting loads you into the most expensive things at the worst time

01:08:00 — The passive dogma problem: nobody who calls themselves an indexer actually indexes globally

01:13:00 — One habit young investors must build; one habit seasoned investors must unlearn

#MebFaber #CambriaInvestments #GlobalDiversification #ShareholderYield #InternationalEquities #ValueInvesting #TrendFollowing #ManagedFutures #PassiveInvesting #ETFinvesting #FactorInvesting #BehavioralFinance #WealthManagement #InvestmentStrategy #FinancialAdvisor #PortfolioConstruction #InsightIsCapital #AdvisorAnalyst #StockMarket #GlobalValueStocks

What if the firm disrupting the ETF industry launched 197 funds in its first year — and priced them cheaper than Vanguard?

Jeff Weniger, Chief Investment Strategist at Corgi Invest, joins hosts Pierre Daillie and Mike Philbrick on Raise Your Average for a wide-ranging conversation that moves from the macro landscape of mid-2026 — rising yields, a surprisingly hot economy, and the great AI infrastructure build-out — to the audacious product shelf of one of the ETF industry's boldest new entrants. Jeff brings his trademark macro clarity, market history, and plain-spoken honesty to a conversation that covers bubbles, bond vigilantes, copper, fiscal profligacy, and the case for precision over breadth in portfolio construction.

00:00 — Bubbles as a feature of capital formation: railroads, dark fiber, and the AI build-out

Corgi Invest

Jeff Weniger on Linkedin

#RaiseYourAverage #ETFinvesting #JeffWeniger #CorgiInvest #BufferETFs #MacroInvesting #InterestRates2026 #AIboom #ThematicETFs #BondMarket #WealthManagement #AdvisorInvesting #FinancialAdvisor #MarketOutlook2026 #AdvisorAnalyst #PierreDaillie #MikePhilbrick #ETFstrategy #PortfolioConstruction #CopperBull

What do electricity, a forgotten 1920s financier, and Bobby Orr have to do with building a portfolio that wins in 2026? More than you think.

Pierre Daillie sits down with David Wong, Group Chief Investment Officer at CIBC Global Asset Management, who oversees investment teams across Canada and the US and runs more than $100 billion in managed solutions. With nearly three decades of experience, including a front-row seat to the 2008 crisis in New York, David brings a rare "anything can happen" perspective to a market that looks constructive yet crowded.

The conversation ranges from the AI super cycle and why it may rhyme with the 1870 to 1970 productivity boom, to the uncomfortable lesson of Samuel Insull, who backed the right technology and still faced ruin. David lays out where conviction and caution sit in equities and fixed income, why Canada deserves a second look, and how quant, low volatility, alternatives and high-conviction active management each play a role on an all-star roster built for any kind of game.

Along the way, he pulls back the curtain on how a $400 billion manager actually makes decisions, from a monthly investment committee to a daily 8 AM "Kaizen" meeting that brings a couple hundred people together across North America. The episode closes with the one thing David believes advisors are underestimating right now.

Chapters

00:00 Introduction: offense, defense and discipline