Resolve Riffs Investment Podcast

In this episode, Kris Abdelmessih, Co-Founder of Moontower AI, and Adam Butler, CEO of ReSolve Asset Management, join the ReSolve team to discuss the challenges and rewards of parenting, the role of education, and the intricacies of the options market. They delve into a variety of topics, including:

Topics Discussed

• Kris and Adam's differing views on the importance of academic excellence versus exploration in children's education

• The role of AI tools in helping kids complete their homework faster and encouraging them to be resourceful

• The importance of resilience, self-directed curiosity, and critical thinking in children's development

• The concept of 'shape of returns' in the options market and how it differs from hard outcomes in options contracts

• The idea of using ETFs as a toolset to execute investment ideas based on volatility

• The progression of Moontower AI and how it helps investors understand and navigate the options market

This episode is a must-listen for anyone interested in the intersection of parenting, education, and finance. It provides valuable insights into the role of exploration in children's development, the potential of AI tools in education, and the complexities of the options market.

In this episode, the ReSolve team delves into a profound conversation with Justin Caselli, a financial advisor and life coach, who shares his journey of self-discovery and alignment of spirit, mind, and body. He discusses how this alignment influences financial stability and the concept of living an authentic life.

Topics Discussed

• Justin's personal journey of self-discovery and the importance of aligning spirit, mind, and body for overall happiness and financial stability

• The concept of life design and the pursuit of an authentic life

• The role of introspection in understanding one's authentic self and how it impacts financial decisions

• The impact of consciousness levels on the effectiveness of financial advisors and the quality of their advice

• The concept of Life Design Planning and its role in helping clients live their best life

• How aligning personal values with financial planning can lead to a more fulfilling and financially secure life

• The concept of the 'authentic life' and how it influences financial decisions and overall life satisfaction

• The importance of living an authentic life and its impact on client relationships and business growth

• Justin's daily notes as a part of his process and his vision for them

This episode is a must-listen for anyone seeking to understand the connection between personal fulfillment and financial stability. Justin's insights provide a fresh perspective on financial advising, emphasizing the importance of living an authentic life and aligning one's spirit, mind, and body.

In this episode, the ReSolve team is joined by Doomberg, a popular regular on the show, to discuss a wide range of topics including AI, geopolitics, energy, and the financial markets. They delve into the complexities of the emerging multipolar world, the rise of China in the technology sector, the implications of AI, and the potential risks and nuances within different levels of the capital structure.

Topics Discussed

• The rise of China and its implications for the Western world in terms of semiconductors, high computing, and Quantum computing

• The potential of AI and its transformative impact on professional lives and the world at large

• The geopolitical risks, specifically the Chinese intent on dominating the business landscape

• The unique situation of Taiwan as a major producer of semiconductors and its implications for global supply chains

• The challenges of predicting the decisions of nonlinear systems and the impact of major perturbations on politics, energy, society, and culture

• The role of social media in amplifying voices from the edge of the network and the challenges this presents for lay people and experts alike

• The potential for a breakdown in trust between the population and the government-media-medical nexus

• The impact of the changing energy landscape on the U.S.'s geopolitical world view

This episode is a must-listen for anyone interested in understanding the complexities of the emerging multipolar world, the role of AI, and the geopolitical shifts in the global landscape. It provides valuable insights into the intricacies of these topics and strategies to navigate the uncertain future.

Portable alpha (or as we like to call it: Return Stacking) has become increasingly popular in the financial media (including recent notes from industry giants like BlackRock, Russell Investments, and AQR) but many advisors are left asking: What does portable alpha mean? How might it benefit clients? How can I implement it?

At Return Stacked Portfolio Solutions we have made it our mission to thoughtfully and transparently help allocate into a portable alpha framework for client portfolios.

Join us for this deep dive podcast with Corey Hoffstein, CIO of Newfound Research, and Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global, as we explore:

• What 'Portable Alpha' is: Review of the history and theory of the concept.
• Outperformance Potential: Portable alpha/return stacking allows allocators to stack asset classes/strategies with positive expected returns on top of core assets which can help improve the likelihood of outperforming the market.
• Diversification Benefits: Using return stacking to stack low correlation strategies on top of the core portfolio can help reduce portfolio drawdowns, thus influencing likelihood of achieving financial plan goals.
• Behavioral Benefits: Sticking with low-correlation diversifiers can be difficult for clients. Return stacking can improve the likelihood clients stick with diversifiers long enough for them to realize the benefits.

In this interview, Adam Butler is in conversation with Mike Harris, a renowned financial market analyst and philosopher. The discussion is sparked by a Twitter exchange about the impact of low interest rates on the working class. The conversation evolves to cover a wide range of topics from the relationship between Quantitative Easing (QE) and technological advancements, to the philosophical underpinnings of Artificial General Intelligence (AGI), and the potential of AGI to uncover lost knowledge.

Topics Discussed

• The counterintuitive argument that higher interest rates are better for the working class

• The relationship between QE and the acceleration in the production of transistors

• The role of technology in financing and the arms race around AI

• The exploration of the philosophical principles that underpin AGI

• The potential of AGI to uncover lost knowledge and its implications

• The discussion of the knowledge paradox and its relevance in the era of big data

• The historical suppression of knowledge by the church and its impact on the development of technology

• The potential of AGI to recreate the lost knowledge and its implications for humanity

This episode is a thought-provoking exploration of the intersection of economics, technology, and philosophy. It provides valuable insights into the potential of AGI and the role it could play in uncovering lost knowledge. It's a must-listen for anyone interested in understanding the broader implications of AI and the future of knowledge.

In this episode, the ReSolve team is joined by Eric Balchunas to discuss the current state of the ETF industry, the rise of active ETFs, and the impact of Bitcoin and crypto on the market. Eric shares his insights on the 'hot sauce' approach to investing, the role of psychology in investment decisions, and the future of the ETF market.

Topics Discussed

• Discussion on the concept of 'hot sauce' in investing, where investors allocate a small portion of their portfolio to high-risk, high-reward assets

• Insights into the psychology of investing and how it can sometimes overpower logical investment decisions

• Analysis of the rise of active ETFs and the factors contributing to their success

• Discussion on the role of traditional active managers in the ETF market

• Examination of the impact of Bitcoin and crypto on the ETF industry and the potential future of this market segment

• Insights into the concept of 'conversational alpha' and its role in investment decisions

• Discussion on the role of the Federal Reserve and its impact on the market

• Insights into the phenomenon of single stock ETFs and their place in the market

• Discussion on the potential for a bear market in the future and the factors that could contribute to this

• Insights into the concept of 'buffer ETFs' and their role in providing stability for investors

This episode is a must-listen for anyone interested in the ETF industry, active investing strategies, and the impact of Bitcoin and crypto on the market. Eric's insights provide valuable perspectives on the current state of the market and potential future trends.

In this episode, the ReSolve team engages in a thought-provoking discussion with Viktor Shvets, a renowned global strategist and author. They delve into the complexities of the current global economic landscape, exploring topics like societal polarization, monetary policy, and the role of demographics in shaping the future.

Topics Discussed

• A deep dive into the societal polarization occurring on a local level across various countries and its implications on economic policies

• The comparison of current times to the 1930s, rather than the 1970s, and the reasons behind this perspective

• A discussion on the changing perception of China's role in the global economy and its shift in government policy post the global financial crisis

• An exploration of the role of demographics in Europe's economic scenario and the challenges posed by the aging population

• Insights into the shift from labor-driven productivity to intangible capital-driven productivity

• A detailed analysis of the parallels between the current period and the 1930s, with a focus on the increasing role of the government

• The exploration of the potential models to replace the current capitalist system

• A discussion on the future of China's economy, the challenges it faces, and the potential policies it could introduce to absorb excess capacity

• An examination of the potential reshuffling of the global order due to the ambiguity of the right kinds of economic policies

• Advice for investors on how to navigate the uncertain financial landscape and build resilience considering the potential economic whiplashes

This episode is a must-listen for anyone interested in understanding the complexities of the global economy, the potential future of capitalism, and the role of demographics and government policies in shaping our future. Viktor Shvets provides invaluable insights and predictions, making this a compelling conversation for investors and anyone interested in global economic trends.

In this episode, the ReSolve team chats with Ben Reeves, a seasoned financial professional with a wealth of experience in portfolio construction and investment strategies. Ben shares his journey from working at Bridgewater to facing a health crisis, and eventually joining Wealthsimple. The conversation delves into the intricacies of allocation research, portfolio design, and the challenges and opportunities in the private investment space.

Topics Discussed

• Ben's transition from institutional investors to portfolio construction and his learnings from Bridgewater

• The impact of a health crisis on Ben's career and his shift to Wealthsimple

• The essence of long-term investing and the importance of putting money at risk in a reasonable way

• The exploration of privates as a first step in diversifying investment portfolios

• The challenge of tracking error constraints in portfolio design and how Wealthsimple navigates this

• The behavioral advantage of privates and the fear of giving up liquidity

• The difficulty for active managers to reliably outperform without overweighting certain sectors

• The role of gold and commodities in diversifying portfolios and mitigating risk

• The importance of putting money at risk in a reasonable way and avoiding performance chasing

• The potential of leverage as a diversifying tool or a risk-reducing tool

• The constraints and considerations in adding leverage to portfolios

• The personalization of portfolio construction and the shift towards risk parity

This episode provides a deep dive into the world of portfolio construction, the role of privates in diversifying portfolios, and the challenges of tracking error constraints. Ben Reeves offers valuable insights from his experience at Wealthsimple and Bridgewater, making this a must-listen for anyone interested in investment strategies and portfolio design.

This is “ReSolve’s Riffs” – published on YouTube Friday afternoons to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

In this episode, Alfonso Peccatiello, a renowned macro investor, joins the ReSolve team to delve into the macro end game, the impact of leverage on the financial system, and the potential paths forward. They also discuss the role of politicians in managing fiscal interventions and the increasing volatility in the macro environment.

Topics Discussed

• The concept of the macro end game and the unsustainability of the current financial system

• The role of leverage in offsetting dwindling structural growth and its implications for the global economy

• The impact of central banks' decisions to stimulate economic growth by lowering interest rates

• The wealth illusion effect and its implications on the U.S. economy

• The potential paths forward considering the high levels of debt and low interest rates

• The shift from anti-cyclical to pro-cyclical use of fiscal policy by politicians

• The need for a global macro framework in asset allocation considering the current high-leverage, high-interest rate environment

• The launch of Alfonso's global macro hedge fund and its strategy to navigate the increasing macro volatility

This episode is a must-listen for anyone looking to understand the complexities of the global financial system, the role of leverage and fiscal policy, and strategies to navigate the increasing macro volatility. Alfonso's insights provide valuable strategies for navigating the uncertain financial landscape and understanding the potential paths forward.

This is “ReSolve’s Riffs” – published on YouTube Friday afternoons to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

In this episode, ReSolve team members Adam Butler and Rodrigo Gordillo discuss the concept of market volatility and its implications for investment strategies. They delve into the intricacies of Carry strategies, their impact on portfolio returns, and how to navigate market volatility effectively.

Topics Discussed

• The concept of Carry in the investment world and its potential applications

• The role of Trend and Yield in creating a fund

• The importance of understanding the Carry strategy and approach

• The impact of economic risk on Carry signals and expected future returns

• Building Carry strategies using time spreads or calendar spreads

• The influence of Absolute Carry and Relative Value Carry on performance

• The effect of estimated real trade frictions on returns

• The correlation between Carry and other assets in a portfolio

• The performance of Carry in different market regimes

• The benefits of diversification and the role of Carry in enhancing portfolio returns

This episode provides valuable insights into the world of market volatility and Carry strategies. It highlights the importance of understanding these concepts for effective investment decision-making and portfolio management. A must-listen for anyone interested in deepening their understanding of market dynamics and investment strategies.

This is “ReSolve’s Riffs” – published on YouTube Friday afternoons to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.