WealthTrack Interview: Bill Miller Shares Reasons to be Bullish

In a recent episode of WealthTrack, host Consuelo Mack talked with Miller Value Partners’ founder and CIO Bill Miller about the state of the market today and his outlook going forward. Mack prefaced the interview by outlining what she called “pandemic pivots” —changes that have occurred since the Covid-19 crisis began: $3 trillion collapse in U.S. GDP $10 trillion fiscal and monetary response $740 billion (annualized) loss in wages and salaries $3 trillion in transfers… Read More

Wealthtrack Interview with Chuck Akre and John Neff

In an episode of Wealthrack that aired in November, host Consuelo Mack interviewed Akre Capital Management founder Chuck Akre and partner John Neff about their firm’s stock picking strategy that has managed to outperform its passive rivals over the last ten years and attract assets amidst the broader exodus to passive investing. The firm’s Akre Focus Fund, launched 10 years ago, has generated an average annualized return of 17%, outperforming both the S&P 500 and… Read More

Zweig and Grant on the Pressure to Go Passive

On a recent episode of WealthTrack, Consuelo Mack interviewed financial journalists Jason Zweig and James Grant regarding the lagging performance of value stocks and the pressure to move to passive investing. Here are some highlights: According to Zweig, “The real utility of a value investing framework is that it helps modulate your emotions as a value investor.” Grant argues that the current cycle is likely to end badly due to: (1) the corruption of accounting… Read More

Top Strategist Tells Investors to Focus on Growth

In a recent WealthTrack interview with Consuelo Mack, top-ranked portfolio strategist and co-founder of Cornerstone Macro Francois Trahan shared his insights on market trends and where investors should be focusing their attention. Trahan argued that when leading market indicators start to “top out,” as they are currently, it presents a difficult backdrop for investors–although the environment still “feels great” in terms of GDP growth, employment, etc, investors begin to fear a downturn. He adds that… Read More

Global Growth Accelerating: Reasons and Risks

In a recent WealthTrack interview with Consuelo Mack, Evercore founder and top-ranked economist Ed Hyman and First Eagle’s Matthew McClennan share insights regarding the current level of global economic growth ten years into the post-financial crisis recovery. Hyman, U.S. small business optimism is surging, with Germany, Japan and China experiencing significant and accelerating growth. McClennan says, in large part, this is due to unusually stimulative monetary policy, noting that the ECB is not raising rates… Read More

The Winning Investment Strategy A Top Value Manager Doesn’t Want You To Use

For nearly two decades, top value investor and columnist John Dorfman has been tracking a purely quantitative “robot portfolio” that has beaten the S&P 500 by about 12 percentage points per year. His advice: Don’t use it. In an interview with Wealth Track’s Consuelo Mack, Dorfman talks about why his robot approach isn’t suitable for the vast majority of investors. The strategy takes all stocks with market capitalizations of at least $500 million, eliminates those… Read More