Marlena Lee's guest appearances

Marlena Lee

The Meb Faber Show

The Rational Reminder Podcast

Annie Duke

Paul Merriman

Jill Schlesinger

Michael Kitces

Bruce Schneier

Leonard Mlodinow

John Cochrane

Tim O'Reilly

Dave Nadig

Neil Pasricha

Ted Seides

Rick Ferri

Josh Brown

Brian Portnoy

William Bernstein

OwlTail

Today’s guest is Marlena Lee, the Global Head of Investment Solutions for Dimensional Fund Advisors, which manages over $600 billion. In today’s episode, we start by hearing what it was like to be a TA under the legendary Gene Fama. Marlena gives he thoughts on the state of value investing, the mentality needed to navigate bear markets, and applying factors to fixed income.   As we wind down, Marlena touches on DFA’s entrance into the ETF space and their plans for future launches. ----- Follow Meb on Twitter, LinkedIn and  YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! 

Today’s guest is <a href="https://www.linkedin.com/in/marlena-lee-47474011/" rel="nofollow" target="_blank">Marlena Lee</a>, the Global Head of Investment Solutions for Dimensional Fund Advisors, which manages over $600 billion. In today’s episode, we start by hearing what it was like to be a TA under the legendary Gene Fama. Marlena gives he thoughts on the state of value investing, the mentality needed to navigate bear markets, and applying factors to fixed income.   As we wind down, Marlena touches on DFA’s entrance into the ETF space and their plans for future launches. ----- Follow Meb on <a href="https://twitter.com/MebFaber" rel="nofollow" target="_blank">Twitter</a>, <a href="https://www.linkedin.com/in/mebanefaber/" rel="noopener nofollow" target="_blank">LinkedIn</a> and <a href="https://www.youtube.com/channel/UCKvWzzrVUA_DSCoKXL6GU2w?sub_confirmation=1" rel="nofollow" target="_blank"> YouTube</a> For detailed show notes, click <a href="https://mebfaber.com/2022/09/07/441-marlena-lee/" rel="nofollow" target="_blank">here</a> To learn more about our funds and follow us, subscribe to our <a href="https://theideafarm.us1.list-manage.com/subscribe/post?u=6750faf5c6091bc898da154ff&amp;id=7249739cdb" rel="noopener nofollow" target="_blank">mailing list</a> or visit us at <a href="http://www.cambriainvestments.com/" rel="nofollow" target="_blank">cambriainvestments.com</a> ----- Today’s episode is sponsored by <a href="https://theideafarm.com/" rel="nofollow" target="_blank">The Idea Farm</a>. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free <a href="http://eepurl.com/XkyPv" rel="nofollow" target="_blank">here</a>. ----- Interested in sponsoring the show? Email us at <a href="mailto:Feedback@TheMebFaberShow.com">Feedback@TheMebFaberShow.com</a> ----- Past guests include <a href="https://mebfaber.com/2017/02/08/10017/" rel="nofollow" target="_blank">Ed Thorp</a>, <a href="https://mebfaber.com/2021/08/04/e337-richard-thaler/" rel="nofollow" target="_blank">Richard Thaler</a>, <a href="https://mebfaber.com/2021/02/08/episode-286-jeremy-grantham-gmo-what-day-is-the-highest-level-of-optimism-its-the-day-the-market-hits-the-peak/" rel="nofollow" target="_blank">Jeremy Grantham</a>, <a href="https://mebfaber.com/2020/10/28/episode-260-joel-greenblatt-gotham-asset-management-nine-out-of-ten-families-in-the-top-fifth-of-the-income-chain-have-retirement-savings-nine-in-ten-in-the-bottom-fifth-have-none/" rel="nofollow" target="_blank">Joel Greenblatt</a>, <a href="https://mebfaber.com/2019/08/28/episode-172-cam-harvey-this-is-a-time-of-considerable-risk-of-a-drawdown/" rel="nofollow" target="_blank">Campbell Harvey</a>, <a href="https://mebfaber.com/2022/03/30/403-ivy-zelman/" rel="nofollow" target="_blank">Ivy Zelman</a>, <a href="https://mebfaber.com/2021/05/12/e310-kathryn-kaminski/" rel="nofollow" target="_blank">Kathryn Kaminski</a>, <a href="https://mebfaber.com/2017/08/30/episode-69-jason-calacanis-little-secret-way-dark-art-becoming-truly-wealthy-massive-wealth/" rel="nofollow" target="_blank">Jason Calacanis</a>, <a href="https://mebfaber.com/2022/01/31/e387-whitney-baker/" rel="nofollow" target="_blank">Whitney Baker,</a> <a href="https://mebfaber.com/2019/05/10/episode-155-aswath-damodaran-they-uber-and-the-ride-sharing-companies-collectively-have-disrupted-this-businessthats-the-good-news-the-bad-news-is-i-dont-thin/" rel="nofollow" target="_blank">Aswath Damodaran</a>, <a href="https://mebfaber.com/2018/10/03/episode-124-howard-marks-its-not-what-you-buy-its-what-you-pay-for-it-that-determines-whether-something-is-a-good-investment/" rel="nofollow" target="_blank">Howard Marks</a>, <a href="https://mebfaber.com/2018/10/10/episode-125-tom-barton-the-biggest-problem-investors-have-is-things-changeand-they-dont-change/" rel="nofollow" target="_blank">Tom Barton</a>, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out <a href="https://mebfaber.com/mebs-deals/" rel="nofollow" target="_blank">here</a>!

Marlena Lee, DFA – Value, Fama & How To Weather Bear Markets | #441

Today on the show we welcome the Head of Investment Solutions at Dimensional Fund Advisors, Marlena Lee. Marlena has a Ph.D. from the University of Chicago where she served as the TA to Eugene F. Fama. She has been at Dimensional for 11 years where a big part of her role is communicating what their research team is doing for the advisors and clients who are using their products. In this fascinating episode, we discuss and define models, factors, and the importance of understanding the risks involved with any investment decision. We talk about the many different reasons why stocks have different returns, and what the research says about underperformance and our expectation of positive premiums. Marlena has some interesting perspectives on whether risk or behavior drives higher returns, and shares some of her biggest lessons gained from working with Eugene Fama, and Dimensional Fund Advisors. Key Points from This Episode:  The uses and limitations of models when making investment decisions. [0:02:30.0] Understanding the concept of ‘factors’ and why the word is evolving. [0:04:35.0] Why Dimensional doesn’t combine Price-to-Book with price sales and cashflows. [0:13:10.0] Marlena’s thoughts on whether risk or behavior drives higher returns. [0:15:15.0] The theoretical rationale for why we expect the value premium to be positive. [0:21:00.0] The role of company size in identifying differences in expected returns. [0:25:10.0] The split between dividend income and capital gains: What is the trade-off? [0:27:40.0] How to choose which Factor Model to use for your investing decisions. [0:31:15.0] The good arguments for owning bonds in your portfolio as a young investor. [0:35:00.0] Risk factors and equities when it comes to fixed-income and bonds versus stocks. [0:38:00.0] Questions investors should be asking about fees, risk, and portfolio worth. [0:41:48.0] Evidence that investors can use Yield Curve Inversions to time the market. [0:43:33.0] Marlena shares her most fascinating research topics and economic debates. [0:43:33.0] Marlena shares her biggest lessons gained from working with Eugene Fama. [0:48:13.0] 

Today on the show we welcome the Head of Investment Solutions at Dimensional Fund Advisors, Marlena Lee. Marlena has a Ph.D. from the University of Chicago where she served as the TA to Eugene F. Fama. She has been at Dimensional for 11 years where a big part of her role is communicating what their research team is doing for the advisors and clients who are using their products. In this fascinating episode, we discuss and define models, factors, and the importance of understanding the risks involved with any investment decision. We talk about the many different reasons why stocks have different returns, and what the research says about underperformance and our expectation of positive premiums. Marlena has some interesting perspectives on whether risk or behavior drives higher returns, and shares some of her biggest lessons gained from working with Eugene Fama, and Dimensional Fund Advisors. Key Points from This Episode: <ul> <li>The uses and limitations of models when making investment decisions. [0:02:30.0]</li> <li>Understanding the concept of ‘factors’ and why the word is evolving. [0:04:35.0]</li> <li>Why Dimensional doesn’t combine Price-to-Book with price sales and cashflows. [0:13:10.0]</li> <li>Marlena’s thoughts on whether risk or behavior drives higher returns. [0:15:15.0]</li> <li>The theoretical rationale for why we expect the value premium to be positive. [0:21:00.0]</li> <li>The role of company size in identifying differences in expected returns. [0:25:10.0]</li> <li>The split between dividend income and capital gains: What is the trade-off? [0:27:40.0]</li> <li>How to choose which Factor Model to use for your investing decisions. [0:31:15.0]</li> <li>The good arguments for owning bonds in your portfolio as a young investor. [0:35:00.0]</li> <li>Risk factors and equities when it comes to fixed-income and bonds versus stocks. [0:38:00.0]</li> <li>Questions investors should be asking about fees, risk, and portfolio worth. [0:41:48.0]</li> <li>Evidence that investors can use Yield Curve Inversions to time the market. [0:43:33.0]</li> <li>Marlena shares her most fascinating research topics and economic debates. [0:43:33.0]</li> <li>Marlena shares her biggest lessons gained from working with Eugene Fama. [0:48:13.0]</li> </ul>

Financial Theory in Practice: Gaining Insight from Models with Marlena Lee (EP.79)