Listen to Podcasts from Fisher Investments

SR VP Of Research at Fisher Investments and Author Aaron Anderson on Communication and Market outlook

Hello everyone today is June 23rd 20-21 and welcome to another edition of the Well-Read Investor, the podcast that profits your mind and your money. I’m your host Mike Hanson.

We have a real treat today—someone perfect for this program. Our guest is Aaron Anderson. He’s the author of two investment books, but much more importantly to me he is a fellow member of the Investment Policy Committee here at Fisher Investments, a longtime colleague of mine, and one of the sharpest investment minds I’ve known.

We talk about his outlook for markets, books, and the importance of communication in investing. Aaron doesn’t just write well, he’s an accomplished speaker, and great at creating compelling and easy to understand visual presentations. He fits the right information and message to his audience, and can explain the abstract and complex concepts as effectively to novices as to experts. You can’t just be a good investor to be very successful in this industry—you have to articulate and constantly tell your clients what you’re up to and why. Communication is the secret sauce that creates lasting client relationships—which is essential for great investing strategies to reach their long-term goals.

A little more about Aaron. He’s been with Fisher Investments since 2005 and currently serves as Senior Vice President of Research and has been on the firm’s five-member Investment Policy Committee (IPC) since 2011. You’ll see him regularly on major financial TV networks like CNBC and publications like The Wall Street Journal and Reuters. He’s written two investing books, and I’ll highlight here his excellent, Own the World: How Smart Investors Create Global Portfolios—which explains how anyone can globally diversify their portfolio for better and smoother returns over their time horizon. I’d also note that Aaron has over the years become something of an expert in Environmental, Social and Governance (ESG) portfolio management. And with his guidance in that area, along with our tremendous Research and Institutional group, Fisher has won several awards and recognitions for ESG portfolio management. Aaron tells us a lot more about his biography in the interview, so I’ll save those details.

Enjoy this one. This is a great market mind in addition to communicator. Here’s Aaron Anderson.

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Professor Nick Sousanis on New Ways of Thinking

Today we have Eisner award-winning comics artist, author, and educator, Nick Sousanis in to talk about his book, Unflattening.

How to explain this strange book? Well, written and drawn entirely as a comic book, Unflattening is an experiment in visual thinking using graphic art to illustrate the ways we construct knowledge. Weaving together diverse ways of seeing drawn from science, philosophy, art, literature, and mythology, the book uses the collage-like capacity of comics to show that perception is always an active process of incorporating and reevaluating different vantage points. Full of graphic innovation, Unflattening is meant to counteract the type of narrow, rigid thinking that Nick calls “flatness.”

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May 2021 – Listener Mailbag Part 2

In this episode, we answer listener questions about global trade. Does the US need sweeping new trade deals, or will the status quo keep markets happy? We also explore the state of China’s ongoing economic recovery and the potential stock market impact from the US’s proposed infrastructure plans.

Host Naj Srinivas, Senior Vice President of Corporate Communications, interviews Michael Hanson, Senior Vice President of Research, member of the Fisher Investments’ Investment Policy Committee and host of The Well-Read Investor podcast.

At the end of the episode, Mike recommends three insightful books that would make great additions to investors’ summer reading lists.

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Sean B Carroll on a Series of Fortunate Events

Today we have award-winning scientist, author, educator, and film producer Sean B. Carroll with us to talk about the role of chance in biological life with his newest book, A Series of Fortunate Events: Chance and the Making of the Planet, Life, and You.

Randomness and chance of course play a role in just about everything, and especially investments. But there’s wide debate about just how much of life and market results are defined by randomness and how much of those are truly within our control. The greatest scientists and philosophers of our age continue to wrestle with that issue (they always will, of course), and while we won’t solve those deep life mysteries for you here, Sean’s perspective on chance at the foundational level of biology—how randomness affects our very DNA—will make you think differently. This is a wide-ranging discussion about dinosaurs, viruses, DNA mutation, and so much else. Investors should pay close attention—while imperfect, analogies of markets to biological systems are well worth considering.

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May 2021 – Listener Mailbag Part 1

In this episode, we answer listener questions about Bitcoin and other cryptocurrencies. Has their investment potential changed in recent years? What do cryptocurrencies have in common with other investment fads like non-fungible tokens (NFTs) and special purpose acquisition companies (SPACs)? We also examine whether recent COVID-relief spending risks stoking runaway inflation.

Host Naj Srinivas, Senior Vice President of Corporate Communications, interviews Michael Hanson, Senior Vice President of Research, member of the Fisher Investments’ Investment Policy Committee and host of The Well-Read Investor podcast.

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Historian Seb Falk on Seeing the Light in the Dark Ages

Today we’re talking history—a period of history most, even universities, gloss over: The period in the West commencing after the fall of the Roman Empire and leading up, more or less, to the Renaissance: The Dark Ages. Or should I say Light Ages?

We’ve got historian Seb Falk to tell us why the Dark Ages is a misnomer, and in fact some great innovation and technology occurred in this era, not to mention advancements in science. Seb’s book, The Light Ages, is a wide-ranging history of medieval science, told through the life of one extraordinary monk, John of Westwyk. The book follows the twists and turns of John's life as a yeoman and novice, scholar and exile, crusader and astronomer—it’s an engaging story and I picked up much the process. You might even think of Westwyk’s spirit as similar to the aspiring stock analyst, questing for the secrets of market behavior.

Seb teaches medieval history and the history of science at Cambridge University, and specializes in astronomy, navigation and mathematics from their ancient origins to modern developments. And it’s this technological part of things I found most interesting—Seb calls the Astrolabe the “smartphone” of its era, as it allowed practitioners to know the date and time from anywhere, was aesthetically designed and served as a symbol of status (so much like today’s iphones). And it’s got a literary history—Geoffrey Chaucer, of Canterbury Tales fame, himself wrote a treatise on how to use one. Seb’s book prompted me to buy an astrolabe (in fact you can get a good one for less than 50 dollars on Amazon), and I’m in the midst of learning to use it.

But so much more than that—advances in astronomy, mathematics, and much else happened in the “Light” Ages, and serves as a reminder that today’s technology will one day, too, be outmoded and apparently barbaric. Investors should take note, developments in how we measure the world will change how we see it, and with so much data today you can see the parallels between how our beliefs are shaped by what we can measure.

Enjoy this one—Seb is a gifted speaker, writer, and storyteller, and we had a lot of fun talking. And make sure to follow us on social media on Twitter @wellreadpod and Instagram at @wellreadinvestorpod or just google the Well Read Investor to see what I’m reading, reviewing, and talking about week in and out.

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