In this episode of Excess Returns, Jack Forehand and Justin Carbonneau sit down with Dan Rasmussen from Verdad Advisers to discuss his firm’s top research pieces from the past year.
They explore several fascinating market insights, including:
- Why high bond yields don’t necessarily translate to high returns
- The dramatic outperformance of U.S. markets post-financial crisis and the potential opportunity in cheaper international stocks
- How private equity return dispersion may be more about portfolio construction than manager skill
- The promising changes happening in Japanese corporate governance
- Britain’s market valuation in the wake of Brexit
Dan also announces his upcoming book “The Humble Investor” which challenges common assumptions about predictability in markets. Throughout the conversation, he offers thought-provoking perspectives on market efficiency, the limitations of forecasting, and why humility is crucial for investment success. Whether you’re an institutional investor or individual market participant, this discussion provides valuable insights into contrarian investment opportunities and challenges prevailing market narratives with data-driven analysis.
