Eddy Elfenbein - On Crossing Wall Street | Episode 212

Eddy Elfenbein is an OG finance blogger, ETF manager, and FinTwit legend, with over 25 years of experience working in and around Wall Street.
Eddy joins the show to discuss the story behind his longtime blog - Crossing Wall Street - www.crossingwallstreet.com/ (CWS), the origins of his famous Buy List, his ETF journey, his philosophy as an investor, and much more!
Important Links:
- Eddy’s Twitter - / eddyelfenbein
- Eddy’s Blog (Crossing Wall Street) - www.crossingwallstreet.com/
- Eddy’s Substack - cws.substack.com/
- The Myth of 1926 - / 1450085567409053702
Show Notes:
0:00:00 Intro
0:00:56 Main podcast
0:02:59 Origins of a Wall Street Blogger
0:07:05 Bypassing the Gatekeepers
0:12:22 Eddy’s Buy List
0:17:50 Many Paths to Stock Market Success
0:21:04 The Last Sustainable Edge in Public Markets
0:23:53 The Great Truths of Investing
0:26:31 Stocks Don’t Know You Own Them
0:29:07 The Market and the Casino
0:36:31 Debating Academic Finance
0:48:21 Major League Buy List
0:51:37 Down with Perma-Bears
0:56:33 Unpacking ETFs
1:00:31 The Next Avatar of Market Intelligence
1:01:59 The Moat of the Stock Picker
Books Mentioned:
- What Works on Wall Street; by Jim O’Shaughnessy
- THE MISBEHAVIOR OF MARKETS: A Fractal View of Financial Turbulence; by Benoit Mandelbrot and Richard L Hudson
- Stocks for the Long Run; by Jeremy Siegel
- The Myth of 1926: How Much Do We Know About Long-Term Returns on U.S. Stocks?; by Edward F. McQuarrie - www.semanticscholar.org/autho...
- Fama and French Three Factor Model Definition: Formula and Interpretation (Investopedia - www.investopedia.com/terms/f/...)