The Intrinsic Value Podcast - The Investor’s Podcast Network

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

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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.


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      • SPONSORS

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        • Connect with Rebecca Twitter | Instagram

        Email: [email protected]

        Connect with Larry: Twitter |LinkedIn 


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