RR

[@user-sc4ne9zj2e]

Really appreciate the chapters! Thanks to whoever did that this week

[@AAkCN1]

Yeah I loved that, too!!! Thx

[@ryans450]

Love this guys smiles after he makes a comment he knows we’ll be pleased with. Makes me wait to finish watching the video instead of switching to the podcast

[@Nordkapp65]

Yeah, listened to podcast firstly and now video. Very interesting analysis

[@blizzard762]

Amazing discussion, and Rob is so well spoken.

[@gregholland11]

Wow this is one of your best podcasts yet. What a fantastic guest!!

[@GustavoSilva-qx7sy]

agreed 100%

[@seiman1111]

Amazing guest, one of the top episodes!

[@AAkCN1]

Pruduction quality increases ever so slightly. Now with chapters. Thx alot. Another great episode

[@vaclavpokorny2115]

One of the best or maybe even the best podcast on investment topic that i ever listened to!

[@Thomas-sb2fg]

Cheers from Greenland 💚💚💚 Love for timestamps! ❤❤❤

[@grantmaxted1160]

Really excellent interview. One of the very best. Right up there with the Ken French interview.

[@Martin-qb2mw]

Fantastic episode!

[@apothe6]

This is some deep knowledge

[@yuvalgilad47]

One of the best episodes imo

[@bjohns347347]

I really like the rafi concept but the .30% fee is much higher than a traditional cap weighted index. Maybe it would be good idea to own some in addition to the cap weighted funds.

[@n00dle_king]

Yup I was nodding along the whole time in total agreement while at the same time thinking there was no chance I’d find an actual product I wanted to buy that tracked it.

[@michaellugert6969]

Great conversation! A big thank you from Germany!

[@Ryan_Tinney]

I like the RAFI indexes but I wish that the company's debt was also inputted.

[@fib6156]

I think diving one level deeper and your channel will add more value. Please explain HOW different asset manager managers implement the factors. Compare the net return to investors between DFA, RA, Vanguard value, and eg the Blackrock value offering. Explain why you prefer DFA, not based on service but based on pure superior net returns to investors. Indeed, explain how DFA and others implement multi-factors that sometimes work in opposite ways. We all know that asset managers can beat the traditional Russell value indices because Rusell only rebalances once per year.

[@keviinm356]

I love listening to Rob Arnott, however it seems to me he has moved the goal posts on now comparing RAFI performance to Value investing. I always believed he was lauding the outperformance of RAFI to general market cap weighted indices such as the Russell 1000. Perhaps this shift is his unwillingness to speak to the poor performances of RAFI over the last 15 year see for example Invesco US 1000 (PRF) ETF V Russell 1000

[@Jawwseus]

this guys real

[@HazelCuate]

What is rafi?

[@HazelCuate]

@@mr2981 thats not the point

[@Panamaking]

Dope

[@arielstulberg]

The bit about fear premium in the end. Doesn't his momentum story contradict his growth-value one? If people buy momentum companies cuz of fomo, the fear is of NOT owning. So why should one get a fear premium for owning them?

[@ElektrikaCo]

You don’t. He said that the premium diminishes and perhaps even turns negative.

[@arielstulberg]

@@ElektrikaCo I don't understand. Momentum strategies earn a premium to the market, as value strategies do. He said the value premium is explained by the fact that owning value stocks is scary. They're in a bad state, in obsolete industries etc. So you get a premium for bravery. But, momentum stocks are rising stars that everyone is getting on board with. There's nothing scary about that, and yet they earn a bravery premium too?

[@ElektrikaCo]

@@arielstulberg You have to view the two "premiums" separately. Look at it this way: From a perspective of a novice investor buying a meme stock: fundamentally he is buying at a high price, so his expected return is low. Fear premium is low or negative - the stock is "hot", and people want to hold it just because their friends made unrealized gains. Now the perspective of a momentum trader: he uses a quantitative algorithm to tell him when to buy and sell. He will buy when the momentum is accelerating and dump when it starts to peter off.

[@ElektrikaCo]

So the trader will likely sell off before the peak realizing some positive momentum premium. The novice investor will in all likelihood see the stock peak and crash, realizing a negative fear premium.

[@thejdogcool]

Where did you get that shirt Ben?

[@rationalreminder]

lululemon

[@thejdogcool]

@@rationalreminder lol, didn't think you'd actually reply. Thanks!

[@ANDRSNJHNSTN]

38:21

[@rudi5764]

Great episode!