Podcast for 11/27/06: Interview with Ed Easterling
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Kim interviews Ed Easterling, the author of Unexpected Returns, about risk management in investing and the power of negative numbers. Ed is the president and founder of Crestmont Research in Dallas, and he's an adjunct professor at Southern Methodist University's Cox School of Business.
MP3 Download: Hi (128k) | Lo (24k)
Length: 20:21
Notes:
1:30 Kim asks Ed Easterling to define risk management
2:30 Why investors chase returns and get lousy performance. We're wired backwards.
3:15 How can we avoid the wild ups and downs?
4:00 The power of negative numbers
5:00 Discussing a chart showing portfolios vs. market performance
7:30 A lot of people can't afford the wild swings in the market
8:45 Hedge funds and absolute returns
10:00 Two reasons investors aren't breaking even.
12:15 Some of the ways to manage risk
13:40 Cash flow as a risk management tool
14:45 Volatility isn't necessarily a bad thing.
15:50 Ed tells us about his paper, "The Calm Before The Storm," and what's happened since he wrote it in the spring.
17:15 Should we be worried about a secular bear market, even with the Dow and S&P doing so well now?
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Kim Snider, Kim Snider Financial Communications, Chronim Investments and/or Snider Advisors make no representation that the information and opinions expressed are accurate, complete or current. The opinions expressed should not be construed as financial, legal, tax, or other advice and are provided for informational purposes only. Call 866-952-0100 to request the Snider Investment Method™ Owner's Manual, which includes a description of the Snider Investment Method, investment objectives, risks, suitability and other information. Please read and consider carefully before investing. All investments are subject to risk including possible loss of principal.
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