Best Florian Junk Podcasts (2025)

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Cliff Asness — Quant Origins, Value Crashes, and Market Inefficiencies 1:25:01

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12d ago1:25:01

1:25:01

In this episode, Cliff Asness joins Tano Santos and Michael Mauboussin for a conversation that spans the evolution of quantitative investing, lessons from market crises, and the enduring tension between risk and behavioral explanations in finance. From his formative years at the University of Chicago under Gene Fama to building AQR into a quant pow…

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Phil Ruvinsky - Sustainable Competitive Advantages in Technology 37:23

1y ago37:23

37:23

In this episode, Michael Mauboussin, adjunct professor at Columbia Business School, hosts Phil Ruvinsky, Managing Director and Head of the Fundamental U.S. Growth Team at BlackRock. With extensive experience in the investment industry, Phil shares his journey from law to finance, discusses his investment philosophy, and explains the importance of s…

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Anu Bradford - EU Influence, Big Tech Challenges, and the Future of Digital Governance 1:01:19

1y ago1:01:19

1:01:19

In this episode, hosts Tano Santos and Michael Mauboussin speak with Anu Bradford, the Henry L. Moses Professor of Law and International Organization at Columbia Law School, to discuss the intricate dynamics of global technology regulation. Anu is recognized for her deep expertise in international economic law. Her pivotal books "The Brussels Effec…

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Jonathan Knee - The Platform Delusion and the Intricacies of Digital and Analog Platforms 1:04:01

1y ago1:04:01

1:04:01

In today's discussion, Jonathan Knee, a distinguished advisor at Evercore Partners and Professor of Professional Practice of Media and Technology at Columbia Business School, explores the themes of his influential work, "The Platform Delusion." Jonathan's insights stem from a rich career in both the banking and academic sectors, bringing a nuanced …

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James Bessen - Understanding the Tech Paradigm 45:54

1y ago45:54

45:54

In the third episode of Season 10, hosts Tano Santos and Michael Mauboussin speak with James Bessen, Executive Director of the Technology and Policy Research Initiative at Boston University. Delving into the intricacies of technological advancement and market dynamics, Bessen shares his insights on the evolving landscape of competition and innovati…

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Jan Hummel - Deep Diligence at Paradigm Capital 48:46

1y ago48:46

48:46

In this episode, Tano Santos sits down with Jan Hummel, CIO of Paradigm Capital, revisiting his investment strategies and exploring the nuanced dimensions of risk management in the evolving European asset landscape. Jan discusses the foundational investment philosophy of Paradigm Capital, emphasizing risk minimization and the strategic deployment o…

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Todd Combs - Charlie Munger's Legacy 27:12

1y ago27:12

27:12

In this heartfelt episode, we pay tribute to Charlie Munger, the visionary vice chairman of Berkshire Hathaway who recently passed away. Joining us is Todd Combs, an investment officer at Berkshire Hathaway and a close acquaintance of Munger. Todd shares personal anecdotes and insights into Munger's profound influence on the investment world and hi…

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Kim Lew - The Dynamics of Risk Management and Asset Allocation 1:03:18

1+ y ago1:03:18

1:03:18

Today's discussion with Kim Lew, President and CEO of the Columbia Investment Management Company, traverses her unique journey from her roots in the Bronx to managing a prominent Ivy League endowment. Kim shares her insights on navigating the intricate world of investment management, particularly in risk management and asset allocation. With a care…

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John Armitage - Navigating Macroeconomic Shifts 51:35

1+ y ago51:35

51:35

In the complex world of financial markets and economic fluctuations, John Armitage, a seasoned investment maestro, sits down with us today. As the chief strategist behind the success of Egerton Capital, Armitage brings his profound insights into navigating the complexities of portfolio management and the subtle art of risk-taking in fluctuating mar…

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Nicolai Tangen - Decision-Making and Intuition in Investing 44:45

1+ y ago44:45

44:45

In the intricate dance of market movements and economic trends, it takes a discerning eye to discern patterns and make strategic decisions. Enter Nicolai Tangen, the astute CEO of Norges Bank Investment Management, who joins hosts Michael Mauboussin and Tano Santos on Value Investing with Legends. A connoisseur of art history and asset management, …

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John Rogers - The Power of Patience 1:00:14

1+ y ago1:00:14

1:00:14

John Rogers isn't just a successful investor; he's an industry titan. As the founder of a reputable investment firm, he's made a name for himself with his contrarian value investing strategies. But he's not just a practitioner; he's an educator, avidly reading and contributing to seminal works in investment literature. John’s journey began with an …

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Sheldon Stone - Liquidity, Covenants, and Capital Availability 1:02:15

1+ y ago1:02:15

1:02:15

Navigating the investment world is an enormous task, especially when looking at company numbers and the people running them. That's why we're thrilled to have Sheldon Stone on the show. Sheldon was the first in his family to go to college, attending the highly respected Bowdoin College. He was part of a remarkable class of 225 students, an experien…

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Ray Dalio - Risk, Return, and Asset Allocation 59:46

2y ago59:46

59:46

Navigating the complex world of wealth creation and financial history can be daunting. That's why our guest, Ray Dalio, places a strong emphasis on understanding the evolution of wealth, the current economic landscape, and the patterns that govern financial markets. As an iconic investor and author, Ray offers a wealth of knowledge backed by years …

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Fireside Chat with Tom Gayner, Markel Corporation 39:03

2+ y ago39:03

39:03

Today’s conversation is a special one. I’m delighted to share my fireside chat with Markel Corporation’s Tom Gayner from our 26th Annual CSIMA Conference. With decades of industry experience, Tom joined us to share insights into how Markel has differentiated itself from others in the insurance industry and the investment approach and philosophies t…

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Scott Hendrickson - An Unmasking of Quality 52:18

2+ y ago52:18

52:18

When evaluating a company, getting a clear picture of all the relevant factors can be challenging. That’s why today’s guest, Scott Hendrickson, heavily emphasizes management quality and companies where diligence can provide a high level of conviction. As a Columbia Business School graduate and adjunct professor, Scott is both a practitioner and a t…

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Bill Nygren - Fundamental Investing From A Generalist’s Perspective 1:05:06

2+ y ago1:05:06

1:05:06

With the constant evolution of the asset management industry, investors need to stay a step ahead to justify earning an active management fee. With over 40 years of experience in the industry, this is a lesson that today’s guest, Bill Nygren of Harris Associates, instills in the younger analysts he mentors. Bill is a true legend of value investing …

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Angela Aldrich - Developing A Differentiated View 1:05:27

2+ y ago1:05:27

1:05:27

One of the most exciting things in our industry is finding young investment managers who are incredibly bright, hard-working, and well-trained in the investment process. Our guest today, Angela Aldrich, fits that bill perfectly. Angela is the co-founder of Bayberry Capital Partners, a hedge fund with a half-billion dollars in assets based in New Yo…

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Charley Ellis - The Evolution of the Asset Management Industry 1:15:38

2+ y ago1:15:38

1:15:38

Over the past several decades, asset management has transformed from a small industry with a few experts competing against a majority of amateurs in the market to a market saturated with well-equipped and highly resourced experts competing against each other. When I think about my pantheon of all-time great investment thinkers and writers, our gues…

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Felix Oberholzer-Gee - The Competitive Advantage of Value-Based Strategy 1:10:46

2+ y ago1:10:46

1:10:46

Success comes from value creation. For a strategic initiative to create value, it must increase willingness to pay or decrease willingness to sell. Otherwise, the resources expended will not flow into profitability. Today’s discussion is one I was looking forward to because we’re focusing on value-based strategy frameworks and using strategic analy…

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Mitch Julis - Finding the Opportunity in Complexity 1:21:48

2+ y ago1:21:48

1:21:48

To be a good value investor, you must be a good credit analyst. Over the years, I learned so much from the many investors I’ve met through Heilbrunn. I’ve shamelessly incorporated these ideas and insights into my lecture notes and the curriculum. Today’s guest is one such person. Mitch Julis has had a disproportionately large impact on both my thin…

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Andrew Wellington & Dan Kaskawits - Finding the Gems Amid the Junk 1:12:58

2+ y ago1:12:58

1:12:58

“Right next to the really cheap junk, there are some really cheap gems." Welcome to a new season of the Value Investing with Legends podcast! We're delighted to welcome our first guests for the season, Andrew Wellington and Dan Kaskawits from Lyrical Asset Management. In 2008, Andrew started the firm with three core pillars of investing: value, qua…

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Amy Zhang - Identifying Exceptional Potential 56:40

3y ago56:40

56:40

“We look for exceptional small and mid cap companies with the wherewithal to become exceptional large companies.” This is at the core of the investment philosophy of today’s guest, Columbia Business School alum Amy Zhang. Amy is Executive Vice President and Portfolio Manager of the Alger Small Cap Focus, Alger Mid Cap Focus, Alger Mid Cap 40, and A…

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Ashvin Chhabra - The Aspirational Investor 57:16

3y ago57:16

57:16

How do you create a portfolio strategy that takes into account both safety and the pursuit of your aspirational goals? That’s what today’s guest, Ashvin Chhabra, set out to answer with the Wealth Allocation Framework. Ashvin is President and Chief Investment Officer of Euclidean Capital, a New York-based family office for James H. Simons & Marilyn …

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Abby Joseph Cohen - Blending the Quantitative with the Qualitative 50:38

3y ago50:38

50:38

“The data is the data, and that’s it.” As a model user, it’s easy to get hyperfocused on quantitative data but reality requires a broader approach. In the current market environment with uncertainty at every turn, it’s an advantage to be able to blend quantitative and qualitative analysis with years of experience observing the interaction between t…

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Allison Fisch - Unlocking Value in Emerging Markets 47:42

3y ago47:42

47:42

Welcome back to Season 7! From the move to Manhattanville to the new curriculum for the value investing program at The Heilbrunn Center, there have been many changes since we wrapped our last season at the end of 2021. Outside of that, a lot has happened in the markets. We’ve seen significant drawdowns in some growth stocks, conversations are cente…

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Munib Islam - Creating Long-Term Value 1:13:57

3+ y ago1:13:57

1:13:57

Time arbitrage is one of the biggest behavioral advantages an investor can have. Joining us today to talk about what it means to be an engaged, long-term shareholder is Munib Islam. Munib is someone who has experienced investing from many different angles, from a traditional long-short hedge fund to sitting on corporate boards and seeing the proces…

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Lauren Taylor Wolfe - Adding Value With A Creative Approach to Environmental, Social, and Governance Change 58:21

3+ y ago58:21

58:21

Activist investing is the new frontier for value investors, allowing them to be the agents of their own returns. Today we’re continuing our examination of the activist style of investing by exploring the intersection of two important trends in the money management industry: activism and environmental, social, and governance investing. Impactive Cap…

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Bringing An Outside Perspective Through Transformational Activism with Mason Morfit 1:00:23

3+ y ago1:00:23

1:00:23

In a world of plentiful capital and compressed yields, activism and being the agent of one's returns is a way forward. Transformational activism in particular is centered around a deep commitment and trusting relationship between the investor and the company. This multi-dimensional approach forgoes short-term solutions like financial engineering an…

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5x5x5 Russo Student Investment Fund: Class of 2021 56:34

4y ago56:34

56:34

Not satisfied with the lack of value most student-run investment clubs offered to students, Tom Russo designed a better way. Through the 5x5x5 Russo Student Investment Fund, he set out to prove the teaching value of a long-term fund rather than the conventional short-term activity that the existing systems favored. Each year, students submit their …

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Chris Davis - A Multifaceted Perspective on Financial Services 1:16:30

4y ago1:16:30

1:16:30

A year and a half into the pandemic, a lot has changed in the investment landscape. Individual investors have been empowered, economies reacted in unpredictable ways, and we still have no clear idea of what is to come. At the same time, when we take a retrospective look, we can find parallels between the trends, behaviors, and reactions of today an…

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The Art of Fund Management with Chase Sheridan & Will Pan 1:17:10

4y ago1:17:10

1:17:10

Since our first podcast in the spring of 2019, we’ve built a wonderful audience around the world, and now have a terrific collection of interviews with remarkable investors. I have loved the opportunity to host these interviews myself but from the very beginning, I felt that you would benefit from having another voice to challenge the guests and br…

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Anne-Sophie d'Andlau - Driving Change By Engaging With Impact 49:23

4+ y ago49:23

49:23

Listeners of this podcast will know that I believe one of the most dynamic areas of investing is that of activism. In the true spirit of value investing, there’s a crop of activist investors who are now embracing their role in engaging management in various ways, whether to improve operational performance, address governance issues, or simply to en…

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Florian Schuhbauer and Klaus Roehrig - Applying Activist Tactics to European Markets 1:18:42

4+ y ago1:18:42

1:18:42

One of our goals with this podcast is to get to know new markets, new situations, and new investors who bring dynamism to all markets. A great example of this is the new generation of activist investors in Europe. Students of mine have heard me say for some time that Europe has been ripe for activism. I believe that with structural changes in Europ…

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Elizabeth Lilly - Embodying the Principles of Value Investing 57:29

4+ y ago57:29

57:29

The value investing in legends class is one of the highlights of the Heilbrunn year. It’s filled with special moments, including the annual visit from our guest today, Elizabeth Lilly. Beth embodies the principles and practices of value investing like very few people do. She makes investing look easy and her lecture always captures the pure essence…

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Anna Nikolayevsky - The Value of Independent Thought 46:07

4+ y ago46:07

46:07

Any sound investment strategy must include both a tactical and a structural component. The tactical side requires close attention to the firm’s financials and prospects, while the structural side puts that analysis in the specific context of the industry as well as the economy at large. Our guest, Anna Nikolayevsky, is here today to share her appro…

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David Marcus - Developing a 3D Perspective of Investing 1:21:02

4+ y ago1:21:02

1:21:02

Over the last few years, the opportunities for global value investing have improved significantly. Yields are incredibly low across the board, putting pressure on improving operational performance to generate returns. In such an environment, Europe is fertile ground for the value investor. With room for operational improvement in many sectors and a…

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Samantha Greenberg - Recognizing True Asymmetry 1:01:03

4+ y ago1:01:03

1:01:03

Many of the guests that I've had on this program are people I've known for years. We approached those conversations as an opportunity to explain together to the audience their methods, philosophies, and approach. Today’s conversation with Samantha Greenberg is a bit different. Samantha is someone I’ve looked forward to meeting for some time now as …

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Mohnish Pabrai - The Value of Continuous Learning 1:11:47

4+ y ago1:11:47

1:11:47

There are several great investors out there who are effectively offering free lessons through their positions, letters, and interviews. What’s surprising is that while many people listen to them, hardly anyone puts those lessons into practice. Today’s guest, Mohnish Pabrai, is not one to miss such opportunities and he attributes much of his success…

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Jan Hummel - The Rare Advantage of Real-World Experience 54:43

4+ y ago54:43

54:43

Modern value investing emphasizes investing in resilient franchises and letting the compounding do the work for you. Today’s guest, Jan Hummel, is a fantastic expositor of this subject and a friend of the Center who has been part of many of our events over the years. In 2007, Jan launched the Paradigm Capital Value Fund with Bruce Greenwald, the fo…

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Howard Marks - Successful Investing Through Buying Things Well 52:53

4+ y ago52:53

52:53

The most successful investors combine a profound analytical understanding of financial markets and the economy at large with the ability to act on those ideas. My guest today has these two attributes in spades. Today’s conversation is with Howard Marks, the Co-Founder and Co-Chairman of Oaktree Capital Management, which is one of the largest credit…

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The Multi-Faceted Future of Value Investing with Henry Ellenbogen and Anouk Dey 1:11:13

5y ago1:11:13

1:11:13

Today’s conversation is with Henry Ellenbogen and Anouk Dey from Durable Capital Partners. Henry founded Durable in 2019 and serves as Managing Partner and Chief Investment Officer. Before that, he was a Vice President of T. Rowe Price, T. Rowe Price Group Chief Investment Officer for U.S. Equity Growth, the lead Portfolio Manager for the U.S. Smal…

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Rishi Renjen - Evolving Your Investment Process 55:46

5y ago55:46

55:46

Today’s conversation is with Rishi Renjen, the Founder and Chief Investment Officer of ROAM Global Management. Before founding ROAM Global, he was a Managing Director and Sector Head at Maverick Capital, a Partner at TPG-Axon Capital, and a Senior Analyst at Glenview Capital. Rishi earned a Bachelor of Science in Economics, with a concentration in …

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Richard Lawrence - Investing in Superior Businesses 56:37

5y ago56:37

56:37

With the COVID-19 crisis dominating our spring semester, the focus of the podcast shifted slightly, and we had several conversations with distinguished investors talking about the impact of the crisis on financial markets. For this season, in addition to the essential lessons about investing and good asset management practices, we are going to expl…

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Learning from Five Years of the 5x5x5 Russo Student Investment Fund 43:43

5y ago43:43

43:43

Welcome back to a new season of the show! Our first conversation is going to be a little different as we’ll be talking about this year’s picks for the 5x5x5 Russo Student Investment Fund. Joining me today is Tom Russo, who designed and funded this first-ever student investment fund at Columbia Business School in 2014, and students James Shen and Fr…

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Kim Shannon - Value Investing - Bringing it All Together 1:01:30

5y ago1:01:30

1:01:30

Today’s conversation is with Kim Shannon President and Co-Chief Investment Officer at Sionna Investment Managers. Kim founded Sionna Investment Managers in 2002 and has more than 35 years of industry experience, and previously served as the Chief Investment Officer and Senior Vice President at Merrill Lynch Investment Managers Canada. Kim is also a…

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Dan Davidowitz & Jeff Mueller – Compounding with Polen Capital 1:07:24

5+ y ago1:07:24

1:07:24

Today’s conversation is with Dan Davidowitz and Jeff Mueller of Polen Capital, which is a firm that is dedicated to researching and analyzing the highest-quality companies around the globe and investing for the long haul and with a business owner’s mindset. Dan is the co-head of the Large Company Growth Team and the lead portfolio manager of the fi…

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C.T. Fitzpatrick: Value Investing in Times of Deep Distress 45:38

5+ y ago45:38

45:38

Today’s conversation is with C.T. Fitzpatrick, Founder, Chief Executive Officer, Chief Investment Officer at Vulcan Value Partners. C.T. founded Vulcan in 2007 and since then, all five strategies have peer rankings in the top 1% of value managers in their respective categories. Before starting Vulcan Value Partners, C.T. worked as a principal and p…

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Michael Mauboussin – Investing in times of (the Coronavirus) Crisis 53:27

5+ y ago53:27

53:27

Today’s conversation is with Michael Mauboussin, Head of Consilient Research at Counterpoint Global. Before joining Counterpoint Global, Michael was the Director of Research at BlueMountain Capital Management in New York and previously the Head of Global Financial Strategies at Credit Suisse and Chief Investment Strategist at Legg Mason Capital Man…

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Francisco García Paramés - Value Investing for the Long Term Guest 54:22

5+ y ago54:22

54:22

Today’s conversation is with Francisco García Paramés, chairman and chief investment officer at Cobas Asset Management, which he founded in 2016. Before founding Cobas, Francisco was with Bestinver for over 25 years. During that time, he built a legendary record and posted an average annual return of 15%, outperforming the reference benchmark by …

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David Samra - Leveraging Fundamentals to Remain Relevant 55:19

5+ y ago55:19

55:19

Today’s conversation is with David Samra, managing director of Artisan Partners and founding partner of the Artisan Partners International Value Team. He is the lead portfolio manager of the Artisan International Value Fund, which he has managed since its inception in September 2002. Mr. Samra also was co-portfolio manager for the Global Value Fund…