The Long View

The Long View

the-long-view.simplecast.com
Expand your investing horizons and look to the long term. Join hosts Christine Benz and Jeff Ptak as they talk to influential leaders in investing, advice, and personal finance about a wide-range of topics, such as asset allocation and balancing risk and return.


Chris Mamula: What Young Retirees Need to Know
Jan 15 • 41 min
A leading blogger discusses some common misconceptions about the FIRE movement, as well as lifestyle and financial considerations for young retirees.
John Rekenthaler: Fund Manager Financial Incentives Are Irrelevant
Jan 8 • 51 min
Morningstar’s columnist reflects on his decades of analyzing and writing about the mutual fund, retirement, and financial advice industries.
The Best of The Long View Podcast: Conversations with Financial Advisors and Retirement Researchers
Dec 30, 2019 • 31 min
We highlight some of the most indelible moments from our newest podcast.
The Best of The Long View Podcast: Conversations with Portfolio Managers
Dec 23, 2019 • 41 min
We highlight some of the most indelible moments from our newest podcast.
Moira Somers: How to Give Financial Advice That People Will Actually Take
Dec 18, 2019 • 50 min
A neuropsychologist discusses why clients don’t do what their financial advisors tell them to do—and how advisors can improve upon that.
John Lynch: Rethinking Financial Education
Dec 11, 2019 • 44 min
A noted researcher and consumer advocate discusses why so many financial literacy efforts don’t improve outcomes—and what they could do better.
Gus Sauter: Efficient Markets Are a Good Thing
Dec 4, 2019 • 61 min
Vanguard’s retired global CIO riffs on indexing, market efficiency, governance, alternative investing, and more in this wide-ranging conversation.
Jeffrey Brown: Saving for Retirement ‘Only Half the Puzzle’
Nov 27, 2019 • 55 min
The noted retirement researcher explores 401(k)s, “the annuity puzzle,” long-term care, and Social Security.
Charles de Vaulx: Why Value Investing Has Slumped but Will Rebound
Nov 20, 2019 • 58 min
A value-investing maven explains why bargain-hunting has lagged.
Barbara Roper: ‘Protections Have Been Under Attack’
Nov 13, 2019 • 50 min
A leading consumer advocate discusses whether small investors should have access to private markets, fee trends, and how recent financial-advisor regulation falls short.
Dennis Lynch: ‘Have a Growth Mindset and Be Willing to Learn New Things’
Nov 6, 2019 • 53 min
An accomplished growth investor, Lynch explains how his team seeks to gain an edge, susses out the difference between innovation and mission creep, and applies different frameworks to mitigate biases and errors.
Meir Statman: ‘We Are All Normal’
Oct 30, 2019 • 55 min
The behavioral finance expert discusses what our financial choices say about us and whether investors’ decisions are becoming more rational.
Dana Emery: You’re Not Getting a Valuation Discount for Free
Oct 23, 2019 • 53 min
The Dodge & Cox CEO and bond-fund manager on overseeing a fundholder-friendly firm and why she believes in an active approach to fixed-income investing.
Ben Johnson: Index Funds Are Not ‘Zombie Investors’
Oct 16, 2019 • 57 min
Morningstar’s director of global ETF research on fee wars, performance-chasing investors, and whether passive funds are doing their fair share for corporate governance.
Alicia Munnell: Married Couples Are in the Retirement Danger Zone
Oct 9, 2019 • 52 min
The prominent retirement researcher discusses Social Security’s viability, the role of housing wealth, and a surprising new finding about married couple’s retirement preparedness.
Michael Finke: Here’s What Makes Retirees Happy
Oct 2, 2019 • 55 min
A respected retirement researcher discusses what types of spending are correlated with a better retirement—and which are not.
Judith Ward: Planning Well at Every Life Stage
Sep 25, 2019 • 56 min
T. Rowe Price’s senior financial planner shares planning and portfolio to-dos for 20-somethings, people in their 70s and beyond, and everyone in between.
David Blanchett: If You’re Retiring Now, You’re in a Pretty Rough Spot
Sep 18, 2019 • 50 min
Morningstar’s lead retirement researcher on retiree spending patterns, asset allocation, and mitigating the risks in a plan.
Dan Ivascyn: Building a Portfolio to Bend but Not Break
Sep 11, 2019 • 52 min
PIMCO’s group CIO explains the firm’s cautious outlook and why it’s stressing liquidity in managing assets.
Allan Roth: ‘I Embrace Dumb Beta’
Sep 4, 2019 • 47 min
The hourly financial planner and columnist on navigating clients’ behavioral biases and the virtues of plain-vanilla index funds.
Rupal Bhansali: FAANG Stocks Are ‘Extremely Risky’
Aug 28, 2019 • 48 min
Ariel International’s manager discusses why she emphasizes downside protection and what the market is getting wrong about many of the largest companies.
Rob Arnott: Don’t Sleep on Value Investing (Especially Emerging-Markets Value)
Aug 21, 2019 • 53 min
The Research Affiliates founder thinks “value” is cheap, sees shades of the 2000 tech bubble in today’s market, and takes issue with multifactor investing, among other matters.
Mark Miller: Less Investment Choice = Better Retirement Outcomes
Aug 14, 2019 • 50 min
The nationally recognized expert on retirement and aging discusses the state of retirement readiness in the U.S. and how reducing choice could improve success rates.
Bill Nygren: ‘A Stock That Doesn’t Look Cheap on the Surface Might Be One of the Cheapest’
Aug 7, 2019 • 57 min
The Oakmark manager discusses the lasting lessons of the financial crisis and how traditional value metrics aren’t necessarily the best gauge of an inexpensive stock.
Jonathan Clements: ‘It’s in Wall Street’s Interest to Make Everyday Investors Think That They Are Stupid’
Jul 31, 2019 • 53 min
The influential financial writer on what’s driving higher market valuations, the challenges of retirement drawdown, and the myth of the ‘dumb’ investor.
Maria Bruno and Joel Dickson: ‘Building a Better Retirement’
Jul 24, 2019 • 58 min
Catch-up strategies for pre-retirees, “off-label” ideas for supersavers, and how the investment industry can make ‘mountains out of molehills.’
Sheryl Garrett: ‘The Industry Thought I Was Nuts’
Jul 17, 2019 • 51 min
The pioneer in hourly financial-planning guidance weighs in on choosing an advisor and rapidly evolving business models for financial advice.
James Montier: ‘How Do I Get Paid for Owning This Asset?’
Jul 10, 2019 • 53 min
Amid a weak stretch for value strategies, the asset-allocation specialist discusses why GMO remains pessimistic in its outlook for U.S. stocks.
Rick Ferri: ‘There Are No Average Investors’
Jul 3, 2019 • 48 min
The financial advisor and asset-allocation specialist discusses conflicts in advice-giving, which asset classes he avoids, and “factor renters.”
Josh Brown: ‘Standardize the Process, Personalize the Advice’
Jun 26, 2019 • 53 min
The Ritholtz Wealth Management CEO discusses his transition from broker to advisor and why client portfolios should have fewer assets, not more.
Harold Evensky: ‘It’s an Unmitigated Disaster’
Jun 19, 2019 • 49 min
Financial-planning guru Harold Evensky on the shortcomings of the SEC’s newly enacted Regulation Best Interest, the bucket approach to retirement portfolios, and evolving business models for financial advice.
Aron Szapiro: ‘You Can’t Fix What You Can’t Measure’
Jun 12, 2019 • 51 min
Morningstar’s director of policy research on what’s ailing the U.S. retirement system, the new SEC rule on advisor conflicts of interest, and why policy recommendations must be data-driven.
Michael Kitces: The Model Has to Change Again
Jun 5, 2019 • 54 min
Financial planning guru Michael Kitces on the future of financial advice: technology, specialization, planning versus investment guidance, and how to pay for it.
Carolyn McClanahan: There’s More to Money Than Just the Numbers
May 29, 2019 • 55 min
Carolyn McClanahan on her shift from practicing medicine to financial planning, how to model health and long-term care costs, and troubleshooting financial risks later in life.
Tim Buckley: There’s No One Even Close to Us
May 24, 2019 • 21 min
Vanguard’s CEO on balancing growth with delivering good client outcomes, the future of advice, and the trend toward “free” products.
Morgan Housel: No One Hires a Luck Manager
May 22, 2019 • 47 min
Investment writer Morgan Housel on coping with behavioral biases, the evolution of the investment industry, and the role of luck in investing.
Don Phillips: We’re All in the Behavior Modification Business
May 15, 2019 • 61 min
Longtime fund observer Don Phillips on the importance of investor psychology, the uptake of passive and ESG investing, and Jack Bogle’s enduring legacy.
William Bernstein: If You’ve Won the Game, Stop Playing
May 1, 2019 • 55 min
In the first installment of Morningstar’s new podcast, noted author and investment advisor Bill Bernstein riffs on the role of bonds, hazards in the market today, and fixing the system.