March 28, 2023

MI265: How to Be a Successful Investor Without Picking Winners w/ Larry Swedroe

1 hour 2 minutes

Rebecca brings back Larry Swedroe. Together they talk about why generating alpha is becoming more difficult, how competition is a significant factor in its decline and much more!

Larry Swedroe is head of the financial and economic research office for Buckingham Wealth Partners, a Registered Investment Advisor firm in St. Louis, Mo. Previously, Larry was vice chairman of Prudential Home Mortgage. Larry holds an MBA in finance and investment from NYU, and a bachelor’s degree in finance from Baruch College.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

01:43 - The difference between Alpha vs Beta.

09:39 - Why is the ability to generate alpha shrinking.

15:01 - How competition has played an increasing role in reducing alpha over time.

22:56 - What would happen if everyone went passive.

30:18 - Larry’s perspective on concentration vs diversification.

37:29 - Why good businesses are not as good investments.

59:15 - Should investors prefer dividend paying stocks over non-dividend paying stocks.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.

Check out Larry’s Book: The Only Guide to a Winning Investment Strategy You'll Ever Need

Check out Larry’s Book: Think, Act, and Invest Like Warren Buffett: The Winning Strategy to Help You Achieve Your Financial and Life Goals.

Check out Larry’s Book: Investment Mistakes Even Smart Investors Make and How to Avoid Them.

Check out Larry’s Book: Your Complete Guide To Factor-Based Investing

Check out Larry’s Book: The Incredible Shrinking Alpha: How to be a successful investor without picking winners

Check out: Buckingham Wealth Partners

Check out Larry’s writings: Alpha Architect.

Related Episode: Listen to MI238: A Guide To A Winning Investment Strategy w/ Larry Swedroe, or watch the video.

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.

Enjoy exclusive perks from our favorite Apps and Services.

Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

⁠CFI Education⁠

⁠Airbnb⁠

Connect with Rebecca Twitter | Instagram

Email: [email protected]

Connect with Larry: Twitter |LinkedIn

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

...more

View all episodes

By The Investor's Podcast Network

4.6

542542 ratings

March 28, 2023

MI265: How to Be a Successful Investor Without Picking Winners w/ Larry Swedroe

1 hour 2 minutes

Rebecca brings back Larry Swedroe. Together they talk about why generating alpha is becoming more difficult, how competition is a significant factor in its decline and much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

01:43 - The difference between Alpha vs Beta.

09:39 - Why is the ability to generate alpha shrinking.

15:01 - How competition has played an increasing role in reducing alpha over time.

22:56 - What would happen if everyone went passive.

30:18 - Larry’s perspective on concentration vs diversification.

37:29 - Why good businesses are not as good investments.

59:15 - Should investors prefer dividend paying stocks over non-dividend paying stocks.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.

Check out Larry’s Book: The Only Guide to a Winning Investment Strategy You'll Ever Need

Check out Larry’s Book: Think, Act, and Invest Like Warren Buffett: The Winning Strategy to Help You Achieve Your Financial and Life Goals.

Check out Larry’s Book: Investment Mistakes Even Smart Investors Make and How to Avoid Them.

Check out Larry’s Book: Your Complete Guide To Factor-Based Investing

Check out Larry’s Book: The Incredible Shrinking Alpha: How to be a successful investor without picking winners

Check out: Buckingham Wealth Partners

Check out Larry’s writings: Alpha Architect.

Related Episode: Listen to MI238: A Guide To A Winning Investment Strategy w/ Larry Swedroe, or watch the video.

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.

Enjoy exclusive perks from our favorite Apps and Services.

Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

⁠CFI Education⁠

⁠Airbnb⁠

Connect with Rebecca Twitter | Instagram

Email: [email protected]

Connect with Larry: Twitter |LinkedIn

HELP US OUT!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

...more

More shows like The Intrinsic Value Podcast - The Investor’s Podcast Network

View all

Motley Fool Money

3,179 Listeners

Masters in Business

2,181 Listeners

We Study Billionaires - The Investor’s Podcast Network

3,367 Listeners

The Meb Faber Show - Better Investing

931 Listeners

Invest Like the Best with Patrick O'Shaughnessy

2,290 Listeners

Capital Allocators – Inside the Institutional Investment Industry

792 Listeners

Focused Compounding

271 Listeners

Chit Chat Stocks

186 Listeners

The Acquirers Podcast

300 Listeners

Silicon Valley - The Investor's Podcast Network

57 Listeners

Real Estate 101 - The Investor's Podcast Network

115 Listeners

The Good Life Podcast with Sean Murray

50 Listeners

Chai with Pabrai

77 Listeners

The Memo by Howard Marks

400 Listeners

Yet Another Value Podcast

101 Listeners

The Business Brew

245 Listeners

Business Breakdowns

336 Listeners

Behind the Balance Sheet

47 Listeners

Share MI265: How to Be a Successful Investor Without Picking Winners w/ Larry Swedroe

Sign up to save your podcasts

MI265: How to Be a Successful Investor Without Picking Winners w/ Larry Swedroe

MI265: How to Be a Successful Investor Without Picking Winners w/ Larry Swedroe

More shows like The Intrinsic Value Podcast - The Investor’s Podcast Network

Motley Fool Money

Masters in Business

We Study Billionaires - The Investor’s Podcast Network

The Meb Faber Show - Better Investing

Invest Like the Best with Patrick O'Shaughnessy

Capital Allocators – Inside the Institutional Investment Industry

Focused Compounding

Chit Chat Stocks

The Acquirers Podcast

Silicon Valley - The Investor's Podcast Network

Real Estate 101 - The Investor's Podcast Network

The Good Life Podcast with Sean Murray

Chai with Pabrai

The Memo by Howard Marks

Yet Another Value Podcast

The Business Brew

Business Breakdowns

Behind the Balance Sheet