Episódios

  • How to Invest in Private Credit / Direct Lending

    How to Invest in Private Credit / Direct Lending
    Jan 29 2025

    We explore what private credit, or direct lending, is and how to invest in it. We also show how it is similar and different from investing in leverage loans and CLOs.

    Topics covered include:

    • Why more companies are staying private
    • How private credit differs from the leverage loan market
    • Why private credit is growing so rapidly
    • What are the benefits to private credit investing
    • What are liquid and less liquid ways to invest in private credit


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    Show Notes

    The Credit Markets Go Dark by Jared A. Ellias and Elisabeth de Fontenay—SSRN

    The Lost Promise of Private Ordering by Cathy Hwang, Yaron Nili, and Jeremy McClane—SSRN

    Investments Mentioned

    VanEck BDC Income ETF (BIZD)

    Barings Corporate Investors Fund (MCI)

    Long Angle

    Cliffwater Enhanced Lending Fund

    BlackRock Private Credit Fund (BDEBT)

    BondBloxx Private Credit CLO ETF (PCMM)

    Virtus Seix AAA Private Credit CLO ETF (PCLO)

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    26 minutos
  • Who Should Bear the Cost? Socialized versus Market-Based Risk Management

    Who Should Bear the Cost? Socialized versus Market-Based Risk Management
    Jan 22 2025
    Natural disasters are becoming more severe and costly—who should bear the financial burden? We explore the tension between socialized risk and market-based insurance.Topics covered include:The surprisingly large percentage of natural disaster losses that are uninsuredWhy natural disaster severity is increasingA deep dive into the complexity of the home insurance market, including state-run home insurance plansHow California has tried to update its home insurance regulations, leading to potentially greater coverage but higher premiumsHow socialized insurance relieves the cost burden to consumers but can also lead to riskier behavior and adverse risk selectionEpisode SponsorsAsset CampNetSuite Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesCalifornia wildfires: What we know about L.A.-area fires, what caused them, who is affected and more by Tim Stelloh, Marlene Lenthang, Rebecca Cohen and Phil Helsel—NBC NewsClimate change is showing its claws: The world is getting hotter, resulting in severe hurricanes, thunderstorms and floods—Munich REShaping the Future of Wildfire Insurance in California: New Insights from the Most Comprehensive Wildfire Risk Model in the Market by Firas Saleh—Moody'sInsurers’ Rule Change Puts California Homeowners on the Hook for L.A. Fire by Jean Eaglesham and Sara Randazzo—The Wall Street JournalCommissioner Lara issues landmark regulation to expand insurance access for Californians amid growing climate risks—California Department of InsuranceCalifornia Was Already in Home-Insurance Crisis Before Los Angeles Infernos by Jean Eaglesham and Joe Flint—The Wall Street JournalThe World Is Getting Riskier. Americans Don’t Want to Pay for It. by Greg Ip—The Wall Street JournalReinsurers little exposed to LA fires after retreat from disaster risks by Lee Harris—The Financial TimesA Survey of Residual Market Plan Assessment and Recoupment Mechanisms by Nancy Watkins, Robert Lee, and Rehan Siddique—MillimanRelated Episodes481: How to Navigate the Crippling Home Insurance Crisis444: Natural Disasters: Are They Truly Increasing? Investments MentionedStone Ridge High Yield Reinsurance Risk Premium fund (SHRMX)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    23 minutos
  • Where You Live Matters - How Geography Contributes to Wealth

    Where You Live Matters - How Geography Contributes to Wealth
    Jan 15 2025
    How geography contributes to economic growth and can increase or lower the cost of living.Topics covered include:Why living in a developing country like Costa Rica is still relatively expensiveHow Amazon and e-commerce platforms lower the cost of livingWhy we should consider slowing down our rate of consumptionHow geography is impacting the rollout of AIEpisode SponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsNetSuite Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesMarket Research in Costa Rica: Costa Rica is a strong market in Central America providing many benefits.—SIS International Research & StrategyWorld Data Country Comparison: Costa Rica & USAWhy is Gas so Expensive in Costa Rica? by Sarah Jordan—The Tico TimesThe Trailblazers: Inter-American Highway 1940 - 1957 by Norman Wood—U.S. Department of Transportation Federal Highway Administration Highway HistoryUnited States eCommerce Sales Growth (2018 to Q3 2024) by Jason—SellersCommerceThe Era of Finance CEOs Running Retailers Is Over by Amanda Mull—BloombergAI set to fuel surge in new US gas power plants by Amanda Chu and Jamie Smyth—The Financial TimesWhat happened to the artificial-intelligence revolution?—The EconomistLiebreich: Generative AI – The Power and the Glory by Michael Liebreich—BloombergNEFRelated Episodes444: Natural Disasters: Are They Truly Increasing? 413: What if the World Stopped Shopping?151: Amazon Impacts EverythingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    26 minutos
  • Should You Retire Early and Live Outside Your Home Country? with Joshua Sheets

    Should You Retire Early and Live Outside Your Home Country? with Joshua Sheets
    Jan 8 2025

    In episode 506, Joshua shares the pros and cons of living outside of your home country. He convinces David why he needs more than one passport. Finally, Joshua makes a strong case for not retiring, and if one does, under what circumstances.

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    Show Notes

    https://www.radicalpersonalfinance.com

    Related Episodes

    446: Die with Zero: Why You Should Start Spending Now

    437: How to Live Like You Are Already Retired

    371: Find Your Retirement Investing and Living Style


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    39 minutos
  • Optimization, AI and Opting Out with Coco Krumme

    Optimization, AI and Opting Out with Coco Krumme
    Dec 18 2024

    In our final episode of the year, I converse with author and data scientist Coco Krumme about the benefits and costs of optimization in finance, industry, and our daily lives. We explore AI and its overlap with optimization. We also consider the pros and cons of life optimization and finally discuss the extreme challenge of opting out.

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    Show Notes

    Optimal Illusions: The False Promise of Optimization by Coco Krumme—Penguin Random House

    cocofolio.com

    Coco Krumme—LinkedIn

    Related Episode

    480: Beyond Faster (T+1) Trade Settlement: The Hidden Costs of Optimization

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    34 minutos
  • Indexing Bubble and Asset Class Returns Still Revert to the Mean

    Indexing Bubble and Asset Class Returns Still Revert to the Mean
    Dec 11 2024

    How asset class returns move in cycles with periods of above-average returns followed by periods of lower returns. How has the rise of passive indexing led to higher stock valuations, and what does that mean for markets?

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    Show Notes

    The Equity Risk Premium: Nine Myths (JPM Series) by Rob Arnott—Research Affiliates

    The Greatest Scourge in Factorland: Revaluation Alpha = Fake Alpha (JPM Series) by Rob Arnott—Research Affiliates

    PASSIVE INVESTING AND THE RISE OF MEGA-FIRMS by Hao Jiang, Dimitri Vayanos, and Lu Zheng—NBER

    Limits to Diversification: Passive Investing and Market Risk by Lily H. Fang, et al.—SSRN

    Related Episodes

    503: U.S. Stocks Have Never Been This Overhyped or Expensive

    500: The S&P 500 Index and the Decade Ahead

    468: Lessons from Japan’s 34 Years of Stock Market Underperformance

    390: Are BlackRock and Vanguard Too Big and Powerful?

    234: Index But Don’t Herd


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    31 minutos
  • U.S. Stocks Have Never Been This Overhyped or Expensive

    U.S. Stocks Have Never Been This Overhyped or Expensive
    Dec 4 2024
    What are the tangible and intangible factors that have contributed to long-term U.S. stock market outperformance compared to the rest of the world? Despite these advantages, why might we still want to continue to be globally diversified?SponsorsDelete Me – Use code David20 to get 20% offLegalZoom - Use code David10 to 10% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesAmerican productivity still leads the world—The EconomistThe Outlook for Long-Term Economic Growth by Charles I. Jones—Federal Reserve Bank of Kansas CityHow Much Will Global Warming Cool Global Growth? by Ishan B. Nath, Valerie A. Ramey, and Peter J. Klenow—UC San DiegoTechnology and demand drivers of productivity dynamics in developed and emerging market economies by Alistair Dieppe, Neville Francis, and Gene Kindberg-Hanlon—European Central BankCapitalism is in worse shape in Europe by Ruchir Sharma—The Financial TimesThe Mother of All Bubbles by Ruchir Sharma—The Financial TimesThe Curious Incident of the Elevated Profit Margins by James Montier—GMOFederal Surplus or Deficit [-] as Percent of Gross Domestic Product - FREDEuro area government deficit at 3.6% and EU at 3.5% of GDP—eurostatEnd of an era: The coming long-run slowdown in corporate profit growth and stock returns by Michael Smolyansky—Federal Reserve BoardShould investors just give up on stocks outside America?—The EconomistRelated Episodes500: The S&P 500 Index and the Decade Ahead499: What Makes an Economy Prosperous? Spotlight on Cuba and Argentina343: Why the Productivity Slowdown Could Lead to Lower Living StandardsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    24 minutos
  • Should You Invest in Nuclear Energy?

    Should You Invest in Nuclear Energy?
    Nov 20 2024
    Why has there been renewed interest in nuclear power generation in the last couple of years, and how can we invest in it?Topics covered include:Why did Microsoft sign an agreement to reopen a nuclear reactor at the infamous Three Mile Island nuclear facilityHow much does nuclear energy contribute to global power generationWhy is demand for electricity acceleratingWhat are the advantages and challenges with nuclear energyWhat investment vehicles individuals can use to invest in nuclear energyEpisode SponsorsNetSuite Delete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesMicrosoft in deal for Three Mile Island nuclear power to meet AI demand by Myles McCormick and Jamie Smyth—The Financial TimesNuclear Power Was Once Shunned at Climate Talks. Now, It’s a Rising Star. by Brad Plumer—The New York TimesInside Diablo Canyon Nuclear Power Plant | BG2 w/ Bill Gurley & Brad Gerstner—YouTubeQ&A - Germany’s nuclear exit: One year after—Clean Energy WireFukushima Daiichi Accident—World Nuclear AssociationChernobyl Accident 1986—World Nuclear AssociationNuclear Energy in a Low-Carbon Energy Future—NEIElectricity Mid-Year Update - July 2024—IEAWhat is U.S. electricity generation by energy source?—U.S. Energy Information AdministrationHow old are U.S. nuclear power plants, and when was the newest one built?—U.S. Energy Information AdministrationGlobal price of Uranium—FREDInvestments MentionedPelican Energy PartnersSprott Physical Uranium Trust Performance (SRUUF)GlobalX Uranium ETF (URA)VanEck Uranium and Nuclear ETF (NLR)Sprott Uranium Miners ETF (URNM)Sprott Junior Uranium Miners ETF (URNJ)Related Episodes469: Which Will Perform Better: Berkshire Hathaway or Utility Stocks?384: Has a Commodities Bull Market Supercycle Started? If So, How Do You Invest in It?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    21 minutos