Robert Seawright's guest appearances

Robert Seawright

Michael Covel's Trend Following

LifeBlood

My Worst Investment Ever Podcast

The Compound and Friends

Daniel Crosby

Ted Seides

Cullen Roche

Rob Arnott

James Altucher

Barry Ritholtz

Tadas Viskanta

Jeff Bezos

Josh Brown

Brian Portnoy

Campbell Harvey

Dan Ferris

Michael Batnick

Scott Galloway

Ben Carlson

OwlTail

Robert “Bob“ Seawright is the Chief Investment &amp; Information Officer for Madison Avenue Securities, LLC, an investment advisory firm and broker-dealer headquartered in San Diego, California. Bob’s blog, Above the Market, has received “best of” recognition from a wide variety of sources, including  The Wall Street Journal and the  CFA Institute, and is the  #7 rated advisor blog in the country based upon readership, linkage, and influence. And don’t’ miss The Better Letter Newsletter that he writes about markets and life and comes out every Friday morning.   “Good advice wrongly applied isn’t any better than bad advice.” Robert Seawright   Worst investment ever Beginner’s luck Bob’s worst investment ever, like for most investors, was when he was starting as an investor. At the time, Bob was working on the fixed income trading floor for a big Wall Street investment house trading bonds all day every day. So what he knew and understood was bonds. Bod had learned from the bigwigs of investing, such as Peter Lynch, to invest in what you know. So Bob allocated his investment money heavily toward bonds. Thanks to beginner’s luck, he did just fine with his bond investments. Missing out on higher returns While Bob never lost any money for investing in bonds, he played too safe and missed out on other investments that he should have made early in his life. Such investments, with compounding they could have had a lot more returns. Luck and randomness have always been his saving grace In the course of his life, Bob has made a few more bad investments that somehow have turned out well for him, thanks to luck. For instance, he bought a house at the wrong time, but as random as this decision was, it turned out great for him. Bob also went against  financial planning advice and paid for his kids’ education. Bob had not been able to go to college, where he wanted because his parents didn’t have the money. So it was a very important value for Bob to provide the best education possible for his kids. This is even though he knew that would mean working longer and having less in retirement. Bob knew from an investment standpoint, it was foolish, but he did it anyway. Lessons learned What are you trying to accomplish? Before you  start investing, be sure to understand what you’re trying to accomplish. This is important because every investment, even the best investment in the world, has cons as well as pros. So when inevitably, a con period shows up, you’ll be ready and able to handle it. Randomness in investment is more important than you think If you think about your biggest successes, they all happened with a lot of randomness involved. While they almost always happen because you worked hard, and you made good decisions, there’s also randomness playing a big part. It always helps to remember that when things turn out right, there’s always luck involved. A natural love for new shiny things We tend to jump on what we’ve just seen, and we latch hold of what’s available. When someone mentions something new, they’ve primed the pump, and you’re going to respond with what they’ve mentioned way more often than not. So be careful of investing in something just because it’s new and recent to you. Andrew’s takeaways Familiarity bias versus shortfall risk Investors, especially beginners, tend to play it safe by putting their money in something they are familiar with, such as the bank, or maybe bonds. However, there’s a hidden risk associated with playing safe – the shortfall risk. For instance, if you’re going to need $3 million in cash to retire at age 60, and you put your money into bonds, you’re going to feel like you’ve reduced your risk, but in fact, you’ve increased it on the other end through shortfall risk. Everything is a balance When it comes to investing, you can’t have it all. You think you’re safe by doing X, but what you don’t know is that there’s a balance. So while you’re safe, you’re also causing something else to go out of whack. Actionable advice Be careful of overconfidence bias but also don’t be too loss averse. People tend to be, on the one hand, overconfident and, on the other hand, loss averse. The truth is that nobody achieves something great without trying something great. And if we all played the odds, we probably wouldn’t try something great. So be careful but still take calculated risks. No. 1 goal for the next 12 months Bob’s number one goal in the next 12 months is quite simple: to be a better person. Connect with Robert Seawright  LinkedIn Twitter Blog  Andrew’s books   How to Start Building Your Wealth Investing in the Stock Market  My Worst Investment Ever  9 Valuation Mistakes and How to Avoid Them  Transform Your Business with Dr.Deming’s 14 Points  Andrew’s online programs  Valuation Master Class  Women Building Wealth  The Build Your Wealth Membership Group Become a Great Presenter and Increase Your Influence  Transform Your Business with Dr. Deming’s 14 Points  Connect with Andrew Stotz:  astotz.com LinkedIn Facebook Instagram Twitter YouTube  My Worst Investment Ever Podcast 

<p><a href="https://www.linkedin.com/in/seawright/" rel="nofollow" target="_blank"><strong>Robert “Bob“ Seawright</strong></a> is the Chief Investment &amp; Information Officer for Madison Avenue Securities, LLC, an investment advisory firm and broker-dealer headquartered in San Diego, California.</p> <p>Bob’s blog, <a href="https://rpseawright.wordpress.com/" rel="nofollow" target="_blank">Above the Market</a>, has received “best of” recognition from a wide variety of sources, including <a href="http://blogs.wsj.com/totalreturn/2014/09/06/read-em-and-reap-smart-people-for-investors-to-follow/" rel="nofollow" target="_blank"> The Wall Street Journal</a> and the <a href="http://blogs.cfainstitute.org/investor/2013/12/18/best-of-2013-know-yourself-and-how-you-make-decisions/" rel="nofollow" target="_blank"> CFA Institute</a>, and is the <a href="http://www.kitces.com/top-financial-advisor-blogs-and-bloggers/" rel="nofollow" target="_blank"> #7 rated advisor blog</a> in the country based upon readership, linkage, and influence.</p> <p>And don’t’ miss <a href="https://betterletter.substack.com/" rel="nofollow" target="_blank">The Better Letter Newsletter</a> that he writes about markets and life and comes out every Friday morning.</p> <p> </p> <p><strong>“Good advice wrongly applied isn’t any better than bad advice.”</strong></p> <p>Robert Seawright</p> <p> </p> <h2><strong>Worst investment ever</strong></h2> <h3><strong>Beginner’s luck</strong></h3> <p>Bob’s worst investment ever, like for most investors, was when he was starting as an investor.</p> <p>At the time, Bob was working on the fixed income trading floor for a big Wall Street investment house trading bonds all day every day. So what he knew and understood was bonds.</p> <p>Bod had learned from the bigwigs of investing, such as Peter Lynch, to invest in what you know. So Bob allocated his investment money heavily toward bonds. Thanks to beginner’s luck, he did just fine with his bond investments.</p> <h3><strong>Missing out on higher returns</strong></h3> <p>While Bob never lost any money for investing in bonds, he played too safe and missed out on other investments that he should have made early in his life. Such investments, with compounding they could have had a lot more returns.</p> <h3><strong>Luck and randomness have always been his saving grace</strong></h3> <p>In the course of his life, Bob has made a few more bad investments that somehow have turned out well for him, thanks to luck. For instance, he bought a house at the wrong time, but as random as this decision was, it turned out great for him.</p> <p>Bob also went against <a href="https://myworstinvestmentever.com/ep219-scott-beebe-write-it-down-to-gain-clarity-and-business-results/" rel="nofollow" target="_blank"> financial planning advice</a> and paid for his kids’ education. Bob had not been able to go to college, where he wanted because his parents didn’t have the money. So it was a very important value for Bob to provide the best education possible for his kids. This is even though he knew that would mean working longer and having less in retirement. Bob knew from an investment standpoint, it was foolish, but he did it anyway.</p> <h2><strong>Lessons learned</strong></h2> <h3><strong>What are you trying to accomplish?</strong></h3> <p>Before you <a href="https://myworstinvestmentever.com/ep195-daniel-blue-do-your-research-before-investing-your-money/" rel="nofollow" target="_blank"> start investing</a>, be sure to understand what you’re trying to accomplish. This is important because every investment, even the best investment in the world, has cons as well as pros. So when inevitably, a con period shows up, you’ll be ready and able to handle it.</p> <h3><strong>Randomness in investment is more important than you think</strong></h3> <p>If you think about your biggest successes, they all happened with a lot of randomness involved. While they almost always happen because you worked hard, and you made good decisions, there’s also randomness playing a big part. It always helps to remember that when things turn out right, there’s always luck involved.</p> <h3><strong>A natural love for new shiny things</strong></h3> <p>We tend to jump on what we’ve just seen, and we latch hold of what’s available. When someone mentions something new, they’ve primed the pump, and you’re going to respond with what they’ve mentioned way more often than not. So be careful of investing in something just because it’s new and recent to you.</p> <h2><strong>Andrew’s takeaways</strong></h2> <h3><strong>Familiarity bias versus shortfall risk</strong></h3> <p>Investors, especially beginners, tend to play it safe by putting their money in something they are familiar with, such as the bank, or maybe bonds. However, there’s a hidden risk associated with playing safe – the shortfall risk.</p> <p>For instance, if you’re going to need $3 million in cash to retire at age 60, and you put your money into bonds, you’re going to feel like you’ve reduced your risk, but in fact, you’ve increased it on the other end through shortfall risk.</p> <h3><strong>Everything is a balance</strong></h3> <p>When it comes to investing, you can’t have it all. You think you’re safe by doing X, but what you don’t know is that there’s a balance. So while you’re safe, you’re also causing something else to go out of whack.</p> <h2><strong>Actionable advice</strong></h2> <p>Be careful of overconfidence bias but also don’t be too loss averse. People tend to be, on the one hand, overconfident and, on the other hand, loss averse. The truth is that nobody achieves something great without trying something great. And if we all played the odds, we probably wouldn’t try something great. So be careful but still take calculated risks.</p> <h2><strong>No. 1 goal for the next 12 months</strong></h2> <p>Bob’s number one goal in the next 12 months is quite simple: to be a better person.</p> <h3><strong>Connect with Robert Seawright</strong></h3> <ul> <li><a href="https://www.linkedin.com/in/seawright/" rel="nofollow" target="_blank">LinkedIn</a></li> <li><a href="https://twitter.com/rpseawright?lang=en" rel="nofollow" target="_blank">Twitter</a></li> <li><a href="https://rpseawright.wordpress.com/" rel="nofollow" target="_blank">Blog</a></li> </ul> <h3><strong>Andrew’s books</strong></h3> <ul> <li><a href="https://www.amazon.com/Start-Building-Wealth-Investing-Market-ebook/dp/B00Y25765G/ref=sr_1_fkmrnull_1?keywords=How+to+Start+Building+Your+Wealth+Investing+in+the+Stock+Market&amp;qid=1552861894&amp;s=digital-text&amp;sr=1-1-fkmrnull" rel="nofollow" target="_blank"> <em>How to Start Building Your Wealth Investing in the Stock Market</em></a></li> <li><a href="https://www.amazon.com/Worst-Investment-Ever-Andrew-Stotz-ebook/dp/B07C81PYP9/ref=sr_1_fkmrnull_1?keywords=My+Worst+Investment+Ever&amp;qid=1552861947&amp;s=gateway&amp;sr=8-1-fkmrnull" rel="nofollow" target="_blank"> <em>My Worst Investment Ever</em></a></li> <li><a href="https://www.amazon.com/Valuation-Mistakes-How-Avoid-Them/dp/1723884960/ref=sr_1_fkmrnull_1?keywords=9+Valuation+Mistakes+and+How+to+Avoid+Them&amp;qid=1552861978&amp;s=gateway&amp;sr=8-1-fkmrnull" rel="nofollow" target="_blank"> <em>9 Valuation Mistakes and How to Avoid Them</em></a></li> <li><a href="https://www.amazon.com/Transform-Your-Business-Dr-Demings-Points-ebook/dp/B00U5SRHJ4/ref=sr_1_2?ie=UTF8&amp;qid=1524026915&amp;sr=8-2&amp;keywords=andrew+stotz" rel="nofollow" target="_blank"> <em>Transform Your Business with Dr.Deming’s 14 Points</em></a></li> </ul> <h3><strong>Andrew’s online programs</strong></h3> <ul> <li><a href="https://valuationmasterclass.com/" rel="nofollow" target="_blank"><em>Valuation Master Class</em></a></li> <li><a href="https://academy.astotz.com/courses/women-building-wealth" rel="nofollow" target="_blank"><em> Women Building Wealth</em></a></li> <li><a href="https://academy.astotz.com/courses/build-your-wealth" rel="nofollow" target="_blank"><em> The Build Your Wealth Membership Group</em></a></li> <li><a href="https://academy.astotz.com/courses/gp" rel="nofollow" target="_blank"><em>Become a Great Presenter and Increase Your Influence</em></a></li> <li><a href="https://academy.astotz.com/courses/transformyourbusiness" rel="nofollow" target="_blank"><em> Transform Your Business with Dr. Deming’s 14 Points</em></a></li> </ul> <h3><strong>Connect with Andrew Stotz:</strong></h3> <ul> <li><a href="https://www.astotz.com/" rel="nofollow" target="_blank">astotz.com</a></li> <li><a href="https://www.linkedin.com/in/andrewstotz/" rel="nofollow" target="_blank">LinkedIn</a></li> <li><a href="https://www.facebook.com/andrewstotzpage" rel="nofollow" target="_blank">Facebook</a></li> <li><a href="https://www.instagram.com/andstotz/" rel="nofollow" target="_blank">Instagram</a></li> <li><a href="https://twitter.com/Andrew_Stotz" rel="nofollow" target="_blank">Twitter</a></li> <li><a href="https://www.youtube.com/c/andrewstotzpage" rel="nofollow" target="_blank">YouTube</a></li> <li><a href="https://itunes.apple.com/us/podcast/my-worst-investment-ever-podcast/id1416554991?mt=2" rel="nofollow" target="_blank"> My Worst Investment Ever Podcast</a></li> </ul>

Robert Seawright – Avoid Overconfidence Bias by Remembering That Randomness Is Everywhere

“The moral of this story is obvious. We all do better when we have something to aim at. That’s why proper benchmarking is so important. In the investment world, it means a standard or measure that can be used to analyze the allocation, risk, and return of a given portfolio.”Robert Seawright (@rpseawright) who blogs at Above the Market is a long-established figure in the investment blogosphere. Tadas got Bob on the phone to talk about a recent post of his entitled “How’s Your Aim?” where he writes about the importance of having well-structured benchmarks against which we can measure our investment performance.You can read more at Bob’s blog Above the Market: https://rpseawright.wordpress.com/2019/06/18/hows-your-aim/1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: https://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms &amp; conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

“The moral of this story is obvious. We all do better when we have something to aim at. That’s why proper benchmarking is so important. In the investment world, it means a standard or measure that can be used to analyze the allocation, risk, and return of a given portfolio.”<p><br/></p><p><strong>Robert Seawright</strong> (<a href="https://twitter.com/rpseawright" rel="nofollow" target="_blank">@rpseawright</a>) who blogs at <a href="https://rpseawright.wordpress.com/" rel="nofollow" target="_blank">Above the Market</a> is a long-established figure in the investment blogosphere. Tadas got Bob on the phone to talk about a recent post of his entitled “<a href="https://rpseawright.wordpress.com/2019/06/18/hows-your-aim/" rel="nofollow" target="_blank">How’s Your Aim?</a>” where he writes about the importance of having well-structured benchmarks against which we can measure our investment performance.</p><p>You can read more at Bob’s blog <a href="https://rpseawright.wordpress.com/" rel="nofollow" target="_blank">Above the Market</a>: <a href="https://rpseawright.wordpress.com/2019/06/18/hows-your-aim/" rel="nofollow" target="_blank">https://rpseawright.wordpress.com/2019/06/18/hows-your-aim/</a></p><p><a href="http://plinkhq.com/i/1456467014" rel="nofollow" target="_blank">1-click play or subscribe on your favorite podcast app</a></p><p> </p><p>Subscribe to the mini podcast on<a href="https://itunes.apple.com/us/podcast/the-compound/id1456467014?mt=2" rel="nofollow" target="_blank"> iTunes</a> or<a href="https://open.spotify.com/show/5VKsKPZUtwVylxslLie36k?si=W5sikLxWR0avObQlrLqlmw" rel="nofollow" target="_blank"> Spotify</a></p><p> </p><p>Enable<a href="https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ" rel="nofollow" target="_blank"> our Alexa skill here</a> - "Alexa, play the Compound show!"</p><p> </p><p>Talk to us about your portfolio or financial plan here: <a href="https://ritholtzwealth.com/" rel="nofollow" target="_blank">https://ritholtzwealth.com/</a></p><p> </p><p>Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms &amp; conditions disclaimer: <a href="https://thereformedbroker.com/terms-and-conditions/" rel="nofollow" target="_blank">https://thereformedbroker.com/terms-and-conditions/</a></p><p> Hosted on Acast. See <a href="https://acast.com/privacy" rel="nofollow" target="_blank">acast.com/privacy</a> for more information.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a></p>

Aiming For A Benchmark (Tadas with Robert Seawright)

Michael Covel

My guest today is Robert Seawright, the Chief Investment &amp; Information Officer for Madison Avenue Securities, a boutique broker-dealer and investment advisory firm headquartered in San Diego, California. Seawright is also a columnist for Research magazine, a Contributing Editor at Portfolioist as well as a contributor to the Financial Times, The Big Picture, The Wall Street Journal’s MarketWatch, Pragmatic Capitalism, and ThinkAdvisor. The topic is his blog A New Kind Of Investment Outlook. In this episode of Trend Following Radio we discuss:  How Seawright was able to put together this blog piece Perfection and prediction Bias blindness Volatility vs. risk Separating your politics from your investing Financial media as entertainment Whether Seawright encountered any pushback after putting out his article Letting go of the high leverage idea Why the more we trade The worse we do Nobel laureate David Baltimore Adversarial collaboration  Jump in! --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

<p>My guest today is Robert Seawright, the Chief Investment &amp; Information Officer for Madison Avenue Securities, a boutique broker-dealer and investment advisory firm headquartered in San Diego, California. Seawright is also a columnist for Research magazine, a Contributing Editor at Portfolioist as well as a contributor to the Financial Times, The Big Picture, The Wall Street Journal’s MarketWatch, Pragmatic Capitalism, and ThinkAdvisor.</p> <p>The topic is his blog A New Kind Of Investment Outlook.</p> <p>In this episode of Trend Following Radio we discuss:</p> <ul> <li>How Seawright was able to put together this blog piece</li> <li>Perfection and prediction</li> <li>Bias blindness</li> <li>Volatility vs. risk</li> <li>Separating your politics from your investing</li> <li>Financial media as entertainment</li> <li>Whether Seawright encountered any pushback after putting out his article</li> <li>Letting go of the high leverage idea</li> <li>Why the more we trade</li> <li>The worse we do</li> <li>Nobel laureate David Baltimore</li> <li>Adversarial collaboration</li> </ul> <p>Jump in!</p> <p>---</p> <p>I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.</p> <p>To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: <a href="https://www.trendfollowing.com/trend/" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/trend/</a></p> <p>You can watch a free video here: <a href="https://www.trendfollowing.com/video/" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/video/</a></p> <p>Can’t get enough of this episode? You can choose from my thousand plus episodes here: <a href="https://www.trendfollowing.com/podcast" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/podcast</a></p> <p>My social media platforms: Twitter: <a href="https://twitter.com/covel" rel="noopener nofollow" target="_blank">@covel</a> Facebook: <a href="https://www.facebook.com/trendfollowing/" rel="noopener nofollow" target="_blank">@trendfollowing</a> LinkedIn: <a href="https://linkedin.com/in/covel/" rel="noopener nofollow" target="_blank">@covel</a> Instagram: <a href="https://www.instagram.com/mikecovel/" rel="noopener nofollow" target="_blank">@mikecovel</a></p> <p>Hope you enjoy my never-ending podcast conversation!</p>

Ep. 328: Robert Seawright Interview with Michael Covel on Trend Following Radio