Shows
Excess ReturnsThe Bubble You Can't Short | Rob Arnott on What You Can Do InsteadFollow Us on Substack:https://excessreturnspod.substack.com/In this episode, we sit down with Rob Arnott for a wide-ranging discussion on bubbles, valuations, AI spending, market history, index construction, and long-term return expectations. Rob explains how to think about bubbles in real time, why today’s market echoes the late 1990s, and what investors can practically do to improve future returns. He also digs into Research Affiliates’ latest work on fundamental indexing, growth investing, and the opportunities in international and emerging markets.Topics covered:• How Rob defines a bubble...
2025-11-191h 00
The Blunt DollarRob Arnott: The Death of Risk Premium (And What Comes Next)In this episode of The Blunt Dollar, we sit down with Rob Arnott, founder and chairman of Research Affiliates and one of the most contrarian thinkers in investing today. With over $160 billion managed using his models, Rob has challenged decades of financial orthodoxy, from the efficient market hypothesis to the myth of stimulus-driven growth. If you’ve ever wondered what it takes to build a truly independent investing philosophy or what the stock market teaches us about time, risk, and reward, this conversation is a masterclass.We cover:📉 Why fundamental indexing may outperform tradit...
2025-11-0459 min
Merryn Talks MoneyRob Arnott on AI Mania: Lessons From the Dot-Com EraIs the AI boom just a bubble or the start of something bigger? Host Merryn Somerset Webb sits down with Rob Arnott, founder and chairman of the board of Research Affiliates, to compare artificial intelligence mania with the dot-com era, unpack sky-high valuations and market concentration while exploring what rising competition, power constraints and Capex mean for Nvidia and the “Magnificent Seven.” Arnott shares a pragmatic playbook—fade frothy winners, favor fundamentals (including his RAFI approach) and look to small caps, the UK and emerging markets—plus candid takes on Bitcoin and holding a little gold as insurance.See om...
2025-11-0343 min
Money Life with Chuck JaffeResearch Affiliates' Arnott: Investors lose billions to bad indexingRob Arnott, founding chairman at Research Affiliates, says that classic index instruction has investors buying stocks after they get hot, dropping stocks after losses have occurred and missing out on several percentage points of return in the process. Arnott says the largest stocks earn their place in the index, but that the stocks that move into or out of an index — a process that is actively managed with the most-famous indexes — is where the trouble happens. As for the personal indexes that are arising these days, Arnott says that, in general, you'd be better off letting a cat pick the...
2025-10-291h 01
Treussard Talks.Fear, Not Risk: Rethinking the Equity Premium with Rob Arnott and Ed McQuarrie | Treussard Talks (E12)Fear, Not Risk: Rethinking the Equity Premium with Rob Arnott and Ed McQuarrie | Treussard Talks (E12)
In this conversation, Rob Arnott (Founder and Chairman, Research Affiliates) and Ed McQuarrie (Professor Emeritus, Santa Clara University) examine why fear—of loss and of missing out—better explains asset pricing than traditional “risk” frameworks. We connect the mechanics and psychology of investing to help sophisticated investors restore clarity and control over portfolio decisions.
You’ll hear us cover:
Why 20th‑century returns were a potential outlier and what 19th‑century data says about the equity premium
Fear vs. risk: separating dow...
2025-10-0147 min
Bloomberg TalksResearch Affiliates Founder & Chairman Rob Arnott Talks New ETFResearch Affiliates Founder & Chairman Rob Arnott discusses his new ETF ticker (RAUS) and the future of passive investing. Arnott spoke with Bloomberg's Katie Greifeld and Scarlett Fu.See omnystudio.com/listener for privacy information.
2025-09-1508 min
Enterprising InvestorRob Arnott: Rethinking Risk, Fear, and the Future of Asset PricingRob Arnott, founder and chairman of Research Affiliates, joins The Enterprising Investor to challenge long-held assumptions about the equity risk premium and asset allocation. Drawing on Fear, Not Risk, Explains Asset Pricing, the provocative paper he co-authored with Edward McQuarrie, Arnott explores why markets may reward investors less for traditional risk-taking than previously believed, and how fear—both of loss and of missing out—better explains investor behavior. From historical return data to the role of AI in gauging market sentiment, Arnott offers a bold framework that could reshape modern finance. Tune in to rethink the foundations of mo...
2025-09-1532 min
Monetary Matters with Jack Farley“This Is A Frothy Bubble” | Rob Arnott on Excessive Valuations, AI, and Reinventing Cap-Weighted IndexingThis episode of Monetary Matters is brought to you by VanEck.
Learn more about the VanEck Semiconductor ETF (SMH): http://vaneck.com/SMHJack
Learn more about the VanEck Fabless Semiconductor ETF (SMHX): http://vaneck.com/SMHXJack
Rob Arnott, founder and chairman of the board of Research Affiliates, joins Jack today for an in-depth conversation on AI, bubbles, asset allocation, weighting in index funds, and other topics. The record heights of today’s markets brought on from excitement in the AI industry remind many of the dotcom bubble, which Rob examines us...
2025-09-151h 31
Around The Layout - A Model Railroad PodcastATLP At The 2025 St. Louis RPM - Part TwoFor the second year in a row, we were back at the St. Louis RPM in Collinsville, Illinois. ATLP host Ray Arnott made his rounds, talking to numerous attendees of the show and learning why they made the trek out to the midwest to partake in this outstanding event. In part two, we talk to Scott Thornton, Kevin Tully from TullyModels.com, Model Railroad News’ Shane Mason, Nick Santo from NixTrainz, Curtis Koch from Broadway Limited, Tony Sissons, Radisson McGuire, Oak Hill Model Railroad Supply’s Jeff Otto, Rob from Harrisburg, Marty from Ohio, Matt Forcum and we wrap up the...
2025-08-111h 21
The Meb Faber Show - Better InvestingRob Arnott & Cam Harvey on Passive Investing Risks, The AI Boom & Stimulus That Doesn’t Stimulate | #587Today’s guests are Rob Arnott, founder and Chairman of the board of Research Affiliates, and Campbell Harvey, Head of Research at Research Affiliates and Professor of Finance at the Fuqua School of Business at Duke University.
In today’s episode, Rob and Cam touch on the state of value investing in a megacap dominated market, emphasizing the potential consequences of large scale passive investing. They also touch on the rapid change presented by AI, what it may be capable of, and its impacts on how we should view investing. Finally, they address the global investing environment and...
2025-06-201h 11
Moore Money with Steve MooreRob Arnott | 06-14-25Listen in to Steve's enlightening conversation with Rob Arnott about the U.S. economy.
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2025-06-1417 minAround The Layout - A Model Railroad PodcastThis Old Layout - Rochester Model Railroad Club with Ed O'Connell & Rob BartelsSometimes, an old layout is worth saving, especially one that is rich in history and has been touched by some model railroading greats. This is the story of the Rochester Model Railroad Club and their efforts to take their 1980's layout from DC to DCC and make it a layout that is modernized and interactive. Club members Ed O'Connell and Rob Bartels tell us about taking on this challenge and how, in the end, they will have a layout that continues to tell the story of the Lehigh Valley.Learn more about this episode on our website:...
2025-06-051h 01Excess ReturnsThe Stimulus Deception | Rob Arnott Explains What Economists Are Getting WrongIn this episode of Excess Returns, we welcome back Research Affiliates founder Rob Arnott to explore his provocative research challenging mainstream economic assumptions. Rob walks us through why government stimulus often fails to deliver real growth, how decades of rising spending have shaped today’s economic environment, and what the implications are for debt, deficits, and future returns. We also dive into trade policy, tariffs, and where Rob sees the best opportunities in today’s markets using Research Affiliates’ capital markets expectations.Full Paper:https://www.researchaffiliates.com/publications/articles/1080-stimulus-does-not-stimulate🎯 Topics Covered:Why stimu...
2025-05-3155 min
Around The Layout - A Model Railroad PodcastATLP Rewind - Rob Arsenault and Weather My Trains - April 25, 2023ATLP Rewind - Originally Released April 25, 2023Seven days a week, Weather My Trains' Rob Arsenault is producing some of the most realistic and jaw-dropping weathering in the hobby. In this episode of Around The Layout, Rob puts down the brush and tells how a childhood spent on Prince Edward Island and railfanning the PEI sparked his lifelong love for trains. He shares how time spent in the Royal Canadian Air Force provided rare opportunities to witness railroading history and get closer to the action than most. You'll also get an in-depth lesson in paints as Rob guides us...
2025-05-191h 08
Behind the TickerRob Arnott - Research AffiliatesIn a recent episode of Behind the Ticker, Rob Arnott, founder and chairman of Research Affiliates, shared insights into the firm's latest innovation, the Research Affiliates Deletions ETF (ticker: NIXT). With nearly 50 years in investment management, Arnott has built a reputation for pioneering quantitative investing strategies, particularly through the development of the Fundamental Index methodology. Research Affiliates, founded in 2002, now indirectly oversees $158 billion in assets through partnerships with firms like Schwab, Invesco, and PIMCO.Arnott explained that NIXT was created to exploit inefficiencies in traditional market-cap-weighted indexes. When companies are removed from major indices like the S...
2025-02-0932 min
On InvestingBeyond Market Cap: Fundamental Indexing Explained (With Rob Arnott)In this episode, Liz Ann Sonders and Kathy Jones discuss this week’s FOMC meeting and the market reactions. Then, Liz Ann speaks with Rob Arnott, founder and chairman of the board of Research Affiliates®. They discuss some of the advanced approaches of Research Affiliates, particularly focusing on the Research Affiliates Fundamental Index® (RAFI) and its implications for growth and value investing. They explore the differences between traditional indexing methods and RAFI, the challenges of forecasting market returns, and the potential for paradigm shifts in finance. The discussion emphasizes the importance of understanding market dynamics and the nuanc...
2025-01-3141 minExcess ReturnsBusting 50 Years of Investing Myths | Rob ArnottIn this episode of Excess Returns, Jack Forehand and special guest host Perth Tolle sit down with Rob Arnott, founder of Research Affiliates and pioneer of fundamental indexing. Rob discusses his thought-provoking article "50 Years of Innovation, Myth Making and Myth Busting," written for the 50th anniversary of the Journal of Portfolio Management.
The conversation covers several critical investing myths and insights, including:
The evolution of fundamental indexing and why "smart beta" has lost its meaning
Why historical returns can be deceptive when estimating future equity risk premiums
The surprising truth about long-term forecasting in markets
The impact of index...
2025-01-231h 12
ETF PrimeResearch Affiliates’ Rob Arnott on Deletions ETF, Valuations, & Mean ReversionRob Arnott, Founder & Chairman of the Board of Research Affiliates, delves into the strategy of investing in companies recently removed from major market indices and offers perspective on current stock valuations.
2025-01-0832 minETF Expert Corner Archives | ETF Prime PodcastResearch Affiliates’ Rob Arnott on Deletions ETF, Valuations, & Mean ReversionRob Arnott, Founder & Chairman of the Board of Research Affiliates, delves into the strategy of investing in companies recently removed from major market indices and offers perspective on current stock valuations.
2025-01-0832 minETF PrimeResearch Affiliates’ Rob Arnott on Deletions ETF, Valuations, & Mean ReversionResearch Affiliates’ Rob Arnott delves into the strategy of investing in companies recently removed from major market indices and offers perspective on current stock valuations. VettaFi’s Cinthia Murphy presents five ETF predictions for 2025.
2025-01-081h 04ETF PrimeResearch Affiliates’ Rob Arnott on Deletions ETF, Valuations, & Mean ReversionResearch Affiliates’ Rob Arnott delves into the strategy of investing in companies recently removed from major market indices and offers perspective on current stock valuations. VettaFi’s Cinthia Murphy presents five ETF predictions for 2025.
2025-01-081h 04ETF PrimeResearch Affiliates’ Rob Arnott on Deletions ETF, Valuations, & Mean Reversion
Research Affiliates’ Rob Arnott delves into the strategy of investing in companies recently removed from major market indices and offers perspective on current stock valuations. VettaFi’s Cinthia Murphy presents five ETF predictions for 2025.
2025-01-0700 min
We Study Billionaires - The Investor’s Podcast NetworkTIP688: Long-Term Market Cycles w/ Rob ArnottOn today’s episode, Clay is joined by Rob Arnott to discuss the Fundamental Index, the equity risk premium, and where Rob believes we’re at in the value cycle.Rob Arnott is the founder and chairman of the board of Research Affiliates. Rob plays an active role in the firm’s research, portfolio management, product innovation, business strategy, and client-facing activities. He is a member of the Executive Committee of the board. Rob is co-portfolio manager on the PIMCO All Asset and All Asset All Authority funds and the PIMCO RAE™ funds.
2025-01-031h 05
The Investors First PodcastRob Arnott, Research Affiliates – Getting Dumped, AI, & Expected ReturnsToday's guest is Rob Arnott, Founder and Chairman of Research Affiliates, where he actively contributes to research, portfolio management, product innovation, business strategy, and client relations. He co-manages several funds, including the PIMCO All Asset and RAE™ funds. Throughout his career, Rob has challenged conventional financial wisdom and pioneered strategies such as tactical asset allocation, global tactical asset allocation, tax-advantaged equity management, and the Fundamental Index™ approach. Before founding Research Affiliates in 2002, Rob was chair of First Quadrant, LP, global equity strategist at Salomon Brothers, and CEO of TSA Capital Management. He has published over 150 articles and won numerous awar...
2024-12-051h 03
Two Quants and a Financial PlannerPractical Lessons from Rob ArnottIn this episode of Two Quants and a Financial Planner, we dive deep into the insights we've gained from our conversations with investing legend Rob Arnott. We explore Rob's unique perspectives on identifying market bubbles, the challenges facing value investors in today's market, and how the rise of passive investing is reshaping market dynamics.
We break down Rob's thoughts on the power of narratives in investing, challenge common assumptions about interest rates and value/growth performance, and discuss the potential impact of AI on the financial industry. Throughout the episode, we share our own experiences and interpretations, making these...
2024-10-2158 min
The Meb Faber Show - Better InvestingRob Arnott on The Upside of Getting Dumped: Investing in Index Deletions | #549Today’s returning guest is Rob Arnott, founder and Chairman of Research Affiliates.In today’s episode, Rob discusses his newest article, ‘Nixed: The Upside of Getting Dumped,’ which explores the concept of investing in stocks that have been removed from major indexes. He explains that these ‘dumped’ stocks often outperform the market and thinks investing in a strategy such as this provides an opportunity to invest in deep value, small-cap, and unloved companies.Meb and Rob touch on other topics, including the performance of value investing, the narrative around AI, a...
2024-09-1350 min
Money Maze PodcastWhy the Fed Can’t Forecast, How Zero Rates Were a Huge Mistake and is Nvidia’s $3tn*+ Valuation Sustainable? With Rob Arnott, Founder of Research AffiliatesRob Arnott has published over 100 academic papers, co-authored several books, and his firm Research Affiliates developed the strategies behind approximately $147bn in AUM (as of March 2024).
He has earned a reputation as a highly respected, value-orientated investor with clarity about unrealistic valuations, mean-reversion and where the investment opportunities may lie.
In this interview he shares a timely analysis of Nvidia, which achieved a valuation of over $3tn last week (surpassing Microsoft as the world’s most valuable business). We thought it was timely to listen to his perspectives given today’s highly skewed, AI obsessed, passive-besotted inve...
2024-06-2756 min
Insightful Investor#26 - Rob Arnott: Quant Investing, Asset Class OutlookRob is Founder and Chairman of Research Affiliates ($147B in assets as of 3/31/24), which he launched in 2002. Rob shares insights into quant investing, the outlook for various asset classes, mean reversion, rebalancing alpha, asymmetric risks and much more.
2024-06-251h 34Around The Layout - A Model Railroad PodcastWhat's Happening In Model Railroading - June 2024 - Tony Cook & Prairie ShadowsWho is Prairie Shadows Model Railway Co? Jeff Arnold, Rob Gruber and Brandon Nawrocki join Tony Cook and Ray Arnott to tell us about how Prairie Shadows got its start working with model railroad manufacturers on special projects to breaking out on their own with projects in N and HO scale. The team shares the challenges of creating highly detailed and accurate models and the steps they take to ensure the model matches the prototype. Later, Tony Cook tells us about his big project of late - the HO Collector Annual that Ray found to be a walk down memory...
2024-06-1855 minExcess ReturnsValue Investing, Inflation and Expected Returns with Rob ArnottIn this episode, Research Affiliates founder Rob Arnott returns for his third appearance on Excess Returns. We cover a wide range of topics, including inflation, the struggles of value investing, expected future returns, avoiding value traps, AI and a lot more. Stay tuned until the end when we ask Rob what he is most worried and optimistic about when he looks to the future.
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2024-03-2858 min
Around The Layout - A Model Railroad PodcastATLP Rewind - Rob Arsenault and Weather My Trains - April 25, 2023ATLP Rewind - Originally released April 25, 2023Seven days a week, Weather My Trains' Rob Arsenault is producing some of the most realistic and jaw-dropping weathering in the hobby. In this episode of Around The Layout, Rob puts down the brush and tells how a childhood spent on Prince Edward Island and railfanning the PEI sparked his lifelong love for trains. He shares how time spent in the Royal Canadian Air Force provided rare opportunities to witness railroading history and get closer to the action than most. You'll also get an in-depth lesson in paints as Rob guides...
2024-02-121h 07
FTSE Russell ConvenesToday's markets and Value's U-turn | Rob Arnott, Founder and Chairman, Research AffiliatesAt the World Investment Forum in June 2023, Rob Arnott, founder and chairman of the board of Research Affiliates, shares his thoughts on Fed policy, interest rates and inflation from a historical viewpoint and where he sees them heading. He also talks us through the key findings of a RAFI research paper “Reports of Value’s death may have been greatly exaggerated” published in the FAJ in 2021. From there he explains the ‘migration effect’ on the dividend stream of the Russell Value portfolio from 2007 to 2022, the flaws in book-to-value and his thoughts on AI.
2023-10-2633 minETF Expert Corner Archives | ETF Prime PodcastResearch Affiliates’ Rob Arnott on Markets, Future of Smart BetaRob Arnott, Founder of and Chairman of the Board for Research Affiliates, offers his views on the current market environment and the future of smart beta.
2023-10-1731 minETF PrimeResearch Affiliates’ Rob Arnott on Markets, Future of Smart BetaRob Arnott, Founder of and Chairman of the Board for Research Affiliates, offers his views on the current market environment and the future of smart beta.
2023-10-1731 minETF PrimeResearch Affiliates’ Rob Arnott on Markets, Fed, Value Investing, & MoreResearch Affiliates’ Rob Arnott offers his views on the current market environment and the future of smart beta. VettaFi’s Tom Lydon discusses the recent fake bitcoin ETF news, equity market technicals, TLT inflows, and ETF stories to watch the remainder of the year.
2023-10-171h 02ETF PrimeResearch Affiliates’ Rob Arnott on Markets, Fed, Value Investing, & MoreResearch Affiliates’ Rob Arnott offers his views on the current market environment and the future of smart beta. VettaFi’s Tom Lydon discusses the recent fake bitcoin ETF news, equity market technicals, TLT inflows, and ETF stories to watch the remainder of the year.
2023-10-171h 02ETF PrimeResearch Affiliates’ Rob Arnott on Markets, Fed, Value Investing, & More
Research Affiliates’ Rob Arnott offers his views on the current market environment and the future of smart beta. VettaFi’s Tom Lydon discusses the recent fake bitcoin ETF news, equity market technicals, TLT inflows, and ETF stories to watch the remainder of the year.
2023-10-1700 minAround The Layout - A Model Railroad PodcastWhat's Happening In Model Railroading - October 2023 - Tony Cook & Rob KluzOn this edition of What's Happening In Model Railroading, we step into the 1:220 world as Ztrack Magazine's Rob Kluz tells us all about Z scale. Rob shares how military modeling started his near 40 year journey in the hobby as a publisher and distributor, and how, in that time, Z scale has made amazing advancements in detail, capabilities, and availability. Ray and Tony also talk about exciting announcements from Tangent, Athearn, Bluford Shops, Rivarossi, Rapido, Viessmann, and Ray's recent purchase from HomeShops LLC. Check out Ztrack Magazine for more on the exciting world of Z scale railroading:https...
2023-10-1753 min
The Investopedia Express with Caleb SilverDiving Deep into Value Investing with Rob ArnottLegendary value investor and innovator Rob Arnott of Research Affiliates joins The Express to explain what Value investing really means today, and why the time is right for this style of portfolio allocation. Plus, credit card debt hits a record high as consumers dig deeper into their wallets, yet no one seems to be too worried about it. Should we be?https://www.investopedia.com/consumer-confidence-falls-in-august-7642387https://www.newyorkfed.org/newsevents/news/research/2023/20230808https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.htmlhttps://advantage.factset.com/hubfs/Website/Resources%20S...
2023-08-1436 min
Lead-Lag LiveDemystifying Value Investing: A Journey Through Cap-Weighted Portfolios, Inflation and AI's Impact With Rob ArnottAre you ready to demystify value investing? Brace yourself as we, alongside our seasoned value investor, Rob Arnott, navigate the intricate landscape of value investing and its role during the recent COVID crash. Our insightful discourse will expose you to the allure of value investing, the strategies involved, and the rationale behind the downturn in value relative to growth. Intrigued by the effects of SEC's diversified portfolio rule on ETFs and mutual funds? We dissect this rule, exploring its influence on cap-weighted portfolios and the subsequent impact on the valuation of various sectors and companies. Journey with u...
2023-08-0952 min
AT THE FACERob Arnott - Richmond Junior clubI've been watching Richmond for quite some time now, the emergence of a new junior club is enough to excite any lax enthusiast. The lacrosse foundation gave me the go ahead for this episode almost a year ago but asked to wait until Richmond was a little more established, and i'm glad they did. Rob and Tom Roche have started an amazing club in south west London and they've gone about it in a slightly different way to how we have previously seen junior clubs started, take a listen.
2023-04-281h 06Around The Layout - A Model Railroad PodcastRob Arsenault and Weather My TrainsSeven days a week, Weather My Trains' Rob Arsenault is producing some of the most realistic and jaw-dropping weathering in the hobby. In this episode of Around The Layout, Rob puts down the brush and tells how a childhood spent on Prince Edward Island and railfanning the PEI sparked his lifelong love for trains. He shares how time spent in the Royal Canadian Air Force provided rare opportunities to witness railroading history and get closer to the action than most. You'll also get an in-depth lesson in paints as Rob guides us to making better product selections; the same ones...
2023-04-251h 07
Stansberry Investor HourOur 300th Episode Mailbag Special, Plus the 'Godfather of Fundamental Indexing' Rob ArnottThis week, you'll get a glimpse of what goes on in the mind of a true innovator in financial strategy. Hailed by Dan as the "godfather of fundamental indexing," Rob Arnott, founder and chairman of the board of Research Affiliates, returns for another provocative interview. As promised, Dan and his co-host Corey kick things off with a mailbag special to celebrate Stansberry Investor Hour's 300th episode. Thanks to listeners like you, we've collected quite a few e-mails. So today, the duo will tackle a couple of the burning questions you've sent us. Another milestone in...
2023-03-061h 11
Investing the Templeton WayRob Arnott on The Current State of Inflation & Fed PolicyInflation is a popular topic these days, and today’s guest offers a unique perspective. Rob Arnott joins us to discuss how inflation calculations have changed over the last few decades, current inflation trends, Fed policy, his Fundamental Index™ approach, and more. Investing the Templeton Way with Lauren Templeton is a podcast that explores the world’s most intriguing investment topics from the overseas markets to mastering our own minds. Gather investment wisdom and educate yourself as you listen to interviews with exclusive managers, executives, and entrepreneurs on a wide range of engaging topics.Review...
2023-02-1756 min
401(k) RoundtableShould the Financial Markets Guide Your Business (or 401(k)) Decisions?It seems like the major themes that are dominating the investment markets are also of great interest to individuals trying to make decisions personally or in their businesses. That isn't always the case. I couldn't think of a better person to wade through this with me than a perennial podcast favorite Rob Arnott, Founder and Chairman of Research Affiliates. As usual, Rob packages his enthusiasm, excellent communication, and insights in a way that should help you think through current trends and how they could impact you, your business and even a few items on your 401(k). Hope you enjoy!
2023-02-1757 min401(k) RoundtableShould the Financial Markets Guide Your Business (or 401(k)) Decisions?It seems like the major themes that are dominating the investment markets are also of great interest to individuals trying to make decisions personally or in their businesses. That isn't always the case. I couldn't think of a better person to wade through this with me than a perennial podcast favorite Rob Arnott, Founder and Chairman of Research Affiliates. As usual, Rob packages his enthusiasm, excellent communication, and insights in a way that should help you think through current trends and how they could impact you, your business and even a few items on your 401(k). Hope you enjoy!
2023-02-1757 min
The Meb Faber Show - Better InvestingTop Podcasts of 2022: Rob Arnott & Campbell Harvey, Whitney Baker, Harris “Kuppy” Kupperman, Marc Cohodes, & Peter Zeihan | #461Today we’re sharing our 5 most popular episodes from 2022! We know it’s hard to listen to every episode, so we have the most downloaded episodes for you right here! If you click the link in the description below, you can jump to the episode you want to listen to. Here are the top 5 in no specific order:1. In August, we were joined by both Rob Arnott & Professor Cam Harvey to hear why they didn’t expect to go down as fast as the market was pricing at the time2. Only one person made it on the...
2022-12-2804 min
Excess ReturnsShow Us Your Portfolio: Rob ArnottIn this episode we speak with Research Affiliates founder Rob Arnott about how he manages his personal portfolio. We talk about how Rob thinks about the role of both bonds and equities is his portfolio and how he adjusts his exposure to them over time. We also discuss his view on alternative asset classes, how he thinks about giving money to his children, how he views charitable giving and a lot more.
We hope you enjoy the discussion.
ABOUT THE PODCAST
Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Ju...
2022-10-2754 min
WEALTHTRACKInflation: Value Stocks & A Cheap Diversifiers StrategyVolatility is the name of this market’s game. The Dow and S&P 500 both entered bear markets this week, although they both put up a brief fight with a robust rally on Wednesday. Yields on U.S. Treasury securities also bounced around.
These stomach-churning moves are hard to ignore unless you can take a longer view. This week’s guest is focusing on bigger investment themes and identifying cheap global sectors as the market sorts things out.
A year ago on WEALTHTRACK, in September of 2021, Research Affiliates’ Rob Arnott made two macro observations. One, he pre...
2022-10-0126 min
The Market HuddleTalking Like Volcker, Channeling Burns (guests: Rob Arnott, Brent Kochuba)In this episode, Patrick Ceresna and Kevin Muir welcome Rob Arnott to the show to discuss value versus growth stocks, the yield curve and whether it’s predicting or causes recessions, and why Rob thinks inflation will stay persistently high. Then Brent from SpotGamma is here to talk OPEX.
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To receive our emai...
2022-09-092h 47
The Meb Faber Show - Better InvestingRob Arnott & Campbell Harvey on Why They Believe Inflation Hasn’t Peaked | #438Today’s guests are Rob Arnott, founder and Chairman of the board of Research Affiliates, and Campbell Harvey, Head of Research at Research Affiliates and Professor of Finance at the Fuqua School of Business at Duke University.In today’s episode, Rob and Cam touch on the state of the economy, Cam’s research recessions and yield curve inversions, and why the Fed is not positioned to handle the inflation crisis we have today. They share why they both have a non-consensus view that inflation hasn’t peaked yet. Then they touch on what areas of the market l...
2022-08-291h 11401(k) RoundtableImpact & Implications For Inflation & Retirement PlansThis week I am excited to welcome back Rob Arnott, Founder & Chairman of Research Affiliates to dive into the trick topic of inflation and its impact on the markets. We also dive into the challenges of rising rates, equity valuations and whether the investment realities of commercial real estate has changed. A quick note, we recorded this episode prior to the Russian invasion of Ukraine, so there is not much talk of those events. That's it, I hope you enjoy my conversation with Rob! Guest Bio Rob Arnott is the founder and chairman...
2022-03-0459 min401(k) RoundtableImpact & Implications For Inflation & Retirement PlansThis week I am excited to welcome back Rob Arnott, Founder & Chairman of Research Affiliates to dive into the trick topic of inflation and its impact on the markets. We also dive into the challenges of rising rates, equity valuations and whether the investment realities of commercial real estate has changed. A quick note, we recorded this episode prior to the Russian invasion of Ukraine, so there is not much talk of those events. That's it, I hope you enjoy my conversation with Rob! Guest Bio Rob Arnott is the founder and chairman...
2022-03-0459 min
Excess Returns10 Lessons From Our 5 Most Popular Podcasts of 2021 - Rob Arnott, Michael Mauboussin, Ben Inker, Cullen Roche, Tobias CarlisleOur goal when we started the Excess Returns podcast was to hopefully use the platform to help educate investors, and to learn ourselves in the process. Initially, we didn’t have outside guests on the podcast, but it quickly became evident that bringing in voices other than our own would significantly help us in achieving our goal. Starting with our first interview in 2020 with Tobias Carlisle up until our most recent one with Dave Wright from Sierra Investment Management, we have tried to put together the best group of guests we could with the goal of learning what has ma...
2022-01-0250 min
The Rational Reminder PodcastA Year in ReviewWe have reached the end of another year, our third while doing this podcast. We are spending this episode on our customary year-end review, and we will be pulling segments from some of the great interviews we hosted over the course of 2021. In doing so, we hope to create a bit of summary of the year and the biggest lessons we all learned together. The podcast has continued to grow beyond our wildest expectations and we are so grateful to be on this journey with our ever-increasing community and audience. We touch on many themes in this recap, moving...
2021-12-231h 36
Money For the Rest of UsWhy Some Asset Bubbles Don't BurstWhat conditions need to be in place for an asset bubble to continue and how that applies to stocks, cryptocurrency, and houses.Topics covered include:How to determine if there is an asset bubbleWhat are microbubbles and anti-bubblesHow the cannabis stock bubble burstWhat is required to sustain an asset bubbleHow the current runup in home prices differs from the housing bubble in the mid-2000sWhat structural changes have led to the high valuations for U.S. stocksWhat is the Great Wealth Transfer and will it impact stock pricesThanks to Commonstock and...
2021-11-1021 min
What Goes UpArnott on Bubbles and Valuation GapsRob Arnott, chairman and founder of Research Affiliates, discusses how he identifies stock-market bubbles and how to use valuation gaps to identify attractive equities. See omnystudio.com/listener for privacy information.
2021-11-0539 min
Unlock Your Wealth TodayResearch Affiliates Rob Arnott Explains Investing FundamentalsUnlock Your Wealth Starring Heather Wagenhals. Your Life. Fully Invested© On today's episode, Rob Arnott joins Heather Wagenhals to discuss smart beta, value investing, and investing fundamentals. Dovetailing off the panel Heather moderated at FreedomFest featuring Rob Arnott on Finding Financial Freedom, the pair deep dive in Rob's area of expertise. Rob Arnott , coined the "Godfather of Smart Beta," shares how he earned the moniker by creating the fundamental index that many large investment firms use as their model and strategy for wealth creation for their clients. They discuss: The important factors of the fundame...
2021-10-3042 min
Elevate YourselfElevate & Run Episode 5 - How To Find Balance In Fitness, Fun & Family with Sarah Arnott!Sarah Arnott is the General Manager of ZEROlevel Fitness & Wellness. She joined the fitness industry after working in aviation for 15 years, most of that time spent at McCarran International Airport. Sarah prioritizes whole foods for natural healing of the body and uses meditation to bring balance to the mind, body and spirit. Sarah is
certified to teach meditation and enjoys introducing the healing properties of meditation to clients. She is a mom to three kids and married to a pilot. Sarah loves aviation, planning detailed travel itineraries for their trips, and exploring new places with her
kids.
Sarah & Rob Discuss:
...
2021-10-0910 min
Citywire: Mistakes Were MadeEp. 11: Rob ArnottFor the first episode of season 2, we are joined by Rob Arnott.
Rob is known as the ‘godfather of smart beta’ for his pioneering work researching and building quantitative investment strategies.
Research Affiliates, the Newport Beach-based firm he founded in 2002, offers a series of reweighted indices and asset allocation strategies and runs some $171bn of assets.
Rob tells the Mistakes Were Made team how he lost a third of his net worth in a matter of days (don’t worry, he made it back!), why it’s wrong to write off value, and the importance of curiosity.
2021-09-3031 min
MoneyWeek TalksRob Arnott: Covid's hidden investment opportunitiesMerryn talks to Rob Arnott of Research Affiliates about some of the unexpected consequences of Covid and their opportunities for investors, plus the "wonderful safe haven" of UK value stocks, and the attractions of energy companies. PLUS, to sign up to watch John’s webinar with Roland Arnold, manager of BlackRock Smaller Companies trust, on 20 October, just go to moneyweek.com/blackrockwebinar – it’s free.
2021-09-2441 min
WEALTHTRACKBuying Cheap Assets: Finding Them NowLarge-cap U.S growth stocks, particularly tech stocks, have been the overwhelming winners of the last decade. They now dominate the market. The top ten S&P 500 stocks, including the FAANGs, account for more than 25% of the index’s total market value, a concentration that worries some market watchers because it is reminiscent of other market tops such as the dot-com bubble when internet stocks made up over 30% of the S&P and the credit bubble when banking stocks reached more than 20%.
With the exception of short-lived spurts value stocks, small-cap stocks and international stocks have badly la...
2021-09-1125 min
FEG Insight BridgeThe Death of Diversification (And Value Too) With Rob ArnottFounder and chairman of the board of Research Affiliates, Rob Arnott, is deeply dedicated to the role of research in understanding and forecasting market trends. His commitment to research spans several decades, and he has published three books and more than 130 articles on various financial topics and earned several awards for his efforts, including seven Graham and Dodd Scrolls and four Bernstein Fabozzi/Jacob Levy awards. In this episode, Greg and Rob sit down to talk about the fate of diversification (and value), how investors can appropriately size in a volatile market, whether or not smart money has gotten...
2021-07-1343 min
Meeting of Minds PodcastRob Arnott on Bubbles, Inflation and Once-in-a-Generation Investment OpportunitiesRob Arnott is founder and Chairman of Research Affiliates, which is the advisor on more than 150 Billion (with a B) dollars’ worth of investment assets. He talks about politics (and the surrender of both parties to fiscal and monetary irresponsibility,) economics (especially monetary economics and inflation, the issue of our time) and investment (including where he is putting his own money.) To hear one of the most sophisticated pioneers in quantitative investment analysis speak candidly and intelligently for 55 minutes as he shares his latest thinking, listen here. Timestamps:0:00 – Intro2:00 – The base case of our economic future...
2021-07-1255 min
Heart of the BookkeeperEpisode 7 Brooke Arnott - Bookkeeping through AdversityEpisode 7 of Heart of the Bookkeeper, features an amazing guest who has had to overcome some major challenges and adversities to become one of Australia's most successful Bookkeepers and innovators in the Bookkeeping space. Brooke Arnott is based in Perth, Western Australia and is the founder and owner of Brookes Books and more recently, the incredibly successful new approach to Bookkeeping and all things that encircle it, known as The Small Business Lounge. Brookes story is one that will empower and inspire you, whether you are simply pedalling away as an employed Bookkeeper or doing the books in your own...
2021-07-081h 03The Rational Reminder PodcastRob Arnott: Dissecting Smart Beta, Investing in Disruption, and MomentumToday we welcome Rob Arnott to the show! Rob is the founder of Research Affiliates and is a prolific writer who has published hundreds of articles for many different journals. We know firsthand, the power of Rob's work, and how it can alter the way you think about investing, and this depth of knowledge, coupled with his ability to make complex topics understandable makes him a dream guest for us! Rob is the co-author of The Fundamental Index, and we get some insight into this subject along with many other groundbreaking areas he has worked on. We cannot stress en...
2021-07-081h 08Excess ReturnsRob Arnott on Inflation, Bubbles and the Future of Value InvestingAlthough the word unprecedented tends to be overused, we are seeing many things in the market currently that many of us haven't seen before. Fiscal stimulus has increased to levels that truly are unprecedented, inflation may become an issue for the first time in a long time, and many investors are arguing the fundamentals don't matter anymore
This week, we are fortunate to be joined by Research Affiliates founder Rob Arnott to help us work through all of it. We discuss the implications of government stimulus, how to identify bubbles in advance and the future of value i...
2021-06-2455 min
The Meb Faber Show - Better InvestingRob Arnott, Research Affiliates - Modern Monetary Theory Does Not Work | #313In episode 313, we welcome our guest, Rob Arnott, founder and Chairman of Research Affiliates. In today’s episode, we start with the U.S. stock market and why today’s valuations meet Rob’s definition of a bubble. Rob debunks commonly discussed reasons for why stock valuations should be so high and explains why he doesn’t agree with MMT. Then we touch on value stocks and Rob’s recent piece on the lofty valuations for electric vehicles stocks. As we wind down, hear why Rob is bullish on emerging markets value, and what his new trade of the decade is – UK...
2021-05-1952 min
New Books in Science FictionRobbie Arnott, "The Rain Heron" (FSG Originals, 2021)At the end of its life, the phoenix bursts into flames and a younger bird rises from the ashes. The roc is large enough to carry an elephant in its claws. The caladrius absorbs disease, curing the ill. The rain heron, which can take the form of steam, liquid or ice, controls the climate around it.Unlike the first three mythical birds, whose legends are hundreds or thousands of years old, the rain heron is a new entry in the library of imaginary beasts, introduced in the novel bearing its name by Tasmanian author Robbie Arnott.
2021-04-0829 min
401(k) RoundtableHigh Equity Valuations + Low Bond Yields = ??What do current equity valuations and bond yields potentially mean for returns in the coming decade? Today, Rob Arnott, Chairman of Research Affiliates gets out his crystal ball and shares his thoughts. If you have heard Rob on prior episodes of the podcast, you will know he is not shy and doesn't pull any punches. More importantly, he also shares a some good ideas for retirement plans on how they can design investment menus by understanding where we are today and looking forward into the coming decade. If you like what you heard today, Rob has three prior appearances...
2021-03-1251 min401(k) RoundtableHigh Equity Valuations + Low Bond Yields = ??What do current equity valuations and bond yields potentially mean for returns in the coming decade? Today, Rob Arnott, Chairman of Research Affiliates gets out his crystal ball and shares his thoughts. If you have heard Rob on prior episodes of the podcast, you will know he is not shy and doesn't pull any punches. More importantly, he also shares a some good ideas for retirement plans on how they can design investment menus by understanding where we are today and looking forward into the coming decade. If you like what you heard today, Rob has three prior appearances...
2021-03-1251 minETF PrimeResearch Affiliates’ Rob Arnott on Current Markets, Fundamental IndexingRob Arnott, Founding Chairman of Research Affiliates, discusses current market comparisons to the dotcom bubble and explains their fundamental indexing approach.
2021-02-0321 minETF Expert Corner Archives | ETF Prime PodcastResearch Affiliates’ Rob Arnott on Current Markets, Fundamental IndexingRob Arnott, Founding Chairman of Research Affiliates, discusses current market comparisons to the dotcom bubble and explains their fundamental indexing approach.
2021-02-0321 minETF PrimeRob Arnott & Joe Terranova on GameStop, Current Markets, & Factor InvestingResearch Affiliates’ Rob Arnott discusses current market comparisons to the dotcom bubble and explains their fundamental indexing approach. Virtus’ Joe Terranova offers his take on the recent market action and spotlights the index behind the Virtus Terranova U.S. Quality Momentum ETF (JOET). ETF.com’s Drew Voros covers the ETF impact of “Reddit stock” mania.
2021-02-0357 minETF PrimeRob Arnott & Joe Terranova on GameStop, Current Markets, & Factor InvestingResearch Affiliates’ Rob Arnott discusses current market comparisons to the dotcom bubble and explains their fundamental indexing approach. Virtus’ Joe Terranova offers his take on the recent market action and spotlights the index behind the Virtus Terranova U.S. Quality Momentum ETF (JOET). ETF.com’s Drew Voros covers the ETF impact of “Reddit stock” mania.
2021-02-0357 min
Validea's Guru Investor PodcastWeekly Guru Investor Highlights: Rob Arnott Sees Big Opportunity in Value, The Basics of Momentum and Why You Should Ignore Market ForecastsIn our weekly summary of the best posts on the Guru Investor blog, Jack Forehand and Justin Carbonneau discuss whether intangible assets have broken value investing, why investors may focus too much on dividends, the pros and cons of fractional shares, and the investment strategy of Peter Lynch.
The Posts We Discuss
The Basics of Momentum Investing – Validea's Guru Investor Blog
Why Dividend Investing May Be Overrated (Ep. 65) – Validea's Guru Investor Blog
Rob Arnott on Value Investing Outlook – Validea's Guru Investor Blog
Wall Street Forecasters Are At It Again for 20...
2021-01-2209 min
Opto Sessions – Invest in the Next Big IdeaRob Arnott - Contrarian Investing, 'Nowcasting' & the Strategies Behind $145bn in AssetsRob Arnott is the founder and chairman of Research Affiliates. As of September 2020, $145 billion in assets were managed worldwide using investment strategies developed by Arnott’s firm.Having pioneered several unconventional portfolio strategies that are now widely applied, including the Fundamental Index™ investment approach, Rob has earned a reputation as one of the word’s most provocative practitioners, challenging conventional wisdom at every turn.Prior to founding Research Affiliates, Rob managed two asset management firms. As chairman of First Quadrant, LP, he built the company into a highly regarded quantitative asset management firm. Arnott has also t...
2021-01-071h 02
The Compound and FriendsScaramucci Returns To Wall Street, Josh's Rant On Trader Scams, Rob Arnott On The Tesla BubbleThis week on The Compound Show, Josh talks with Anthony Scaramucci about his return to Wall Street, taking back the reins at his hedge fund business, North Shore vs South Shore Long Island, the difference between The Street and DC and a lot more.Then Rob Arnott joins the show for a wide-ranging conversation about the growth stock bubble we're now in the midst of, the turning point for value stocks, the truth about interest rates and valuation, why Tesla is one of the biggest bubbles he's ever seen and a lot more. You can watch...
2020-12-111h 23
The Meb Faber Show - Better InvestingThe Best Investment Writing Volume 4: Rob Arnott, Research Affiliates – Bubble, Bubble, Toil and TroubleLast year we brought listeners the entire volume of The Best Investment Writing Volume 3, in audio format, right here on the podcast. Listeners loved it, so we’re running it back again this year with The Best Investment Writing Volume 4.You’ll hear from some of the most respected money managers and investment researchers from all over the planet.Enough from me, let’s let Rob take over this special episode. Learn more about your ad choices. Visit megaphone.fm/adchoices
2020-10-1932 min
Young Americans for LibertyThe Far Left & Free Trade — Episode 7 with Rob ArnottResearch Affiliates, LLC Chairman Rob Arnott joins Kristin to talk about free trade during the Trump administration, the radicalization of America's youth, and how the libertarian philosophy applies to the greater business world!
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2020-10-0846 min
Money Tree InvestingBlack Swans: The US Pension Crisis: Abandonment of the Pensioner Interview with Rob ArnottRob Arnott, Chairman and founder of Research Affiliates, discusses his most recent paper: The COVID-19 Crash and the Abandonment of the Pensioner. He is on my must read list of investing writers. We discuss why the US Pension Crisis is such a huge problem, how COVID exasperated the problem, the state of the states pension obligations, which states are well off and which are in trouble, and the possible solutions to solve the problem. For more information, visit the show notes at https://moneytreepodcast.com/pension-crisis-rob-arnott Today's Panelists: Kirk Chisholm | I...
2020-09-111h 18
Orion's The Weighing MachineRob Arnott of Research Affiliates - Suggestions For Today’s MarketIn this episode, we discuss whether or not a market bubble is on the horizon, why value is more attractive than growth, and the limitations of a traditional 60/40 portfolio. Plus, we cover the “Three ‘D’ Hurricanes” that can impact global asset classes. Special guest: Rob Arnott, founder and chairman of the board of Research Affiliates.
2170-OAS-08/20/2020
2020-08-2159 minWhat Goes UpRob Arnott on BubblesRob Arnott, chairman and co-founder of Research Affiliates, has spent a lot of time studying market bubbles. He shares what he’s learned, and give his takeaways about the current environment for investors.Mentioned in this podcast:Rob Arnott Says It’s Insanely Stupid to Chase Market BubblesU.S. Stock Market Bull Run In Recession Makes Investors AnxiousYes. It's a Bubble. So What?See omnystudio.com/listener for privacy information.
2020-07-2437 min
What'd You Miss This WeekRob Arnott Thinks We're in a Bubble, but Betting Against It is DangerousThis week, Chris Ailman, the CIO at CalSTRS, joined to discuss valuations, why he thinks the biggest election risk is a contested result and what he thinks about the recent top-heavy market rally. Nobel Laureate and Yale economics professor Robert Shiller came on to talk about the state of the U.S. housing market and his concerns about price drops over the next year. Then Rob Arnott, the chairman and co-founder of Research Affiliates, joined with insight on tech's out performance over the broader market.See omnystudio.com/listener for privacy information.
2020-07-1130 min
Conversations with Institutional Investors48: Research Affiliates' Rob Arnott - The Value FactorRob Arnott is the founder and Chairman of Research Affiliates. In January, he published a paper that looked into the question of why the value premium hasn't worked for the last decade, called 'Reports of Value's Death May Be Greatly Exaggerated'. In this interview, we talk about the paper, how the current downturn due to the coronavirus might impact factors and why Arnott would never take Research Affiliates public. Overview of Rob Arnott Podcast: 1:00 Is this time different? 2:00 Will things be different three years from now? 4:35 The idea that tech stocks won't be hit is naive. 7:30 The narratives for why...
2020-07-0126 min