Episode 29
Barbara Roper: 'Protections Have Been Under Attack'
A leading consumer advocate discusses whether small investors should have access to private markets, fee trends, and how recent financial-advisor regulation falls short.
The Long View
Expand your investing horizons and look to the long term. Join hosts Christine Benz and Jeff Ptak as they talk to influential leaders in investing, advice, and personal finance about a wide-range of topics, such as asset allocation and balancing risk and return.
Episodes
Episode 28
Dennis Lynch: 'Have a Growth Mindset and Be Willing to Learn New Things'
An accomplished growth investor, Lynch explains how his team seeks to gain an edge, susses out the difference between innovation and mission creep, and applies different frameworks to mitigate biases and errors.
Episode 27
Meir Statman: 'We Are All Normal'
The behavioral finance expert discusses what our financial choices say about us and whether investors' decisions are becoming more rational.
Episode 26
Dana Emery: You're Not Getting a Valuation Discount for Free
The Dodge & Cox CEO and bond-fund manager on overseeing a fundholder-friendly firm and why she believes in an active approach to fixed-income investing.
Episode 25
Ben Johnson: Index Funds Are Not 'Zombie Investors'
Morningstar's director of global ETF research on fee wars, performance-chasing investors, and whether passive funds are doing their fair share for corporate governance.
Episode 24
Alicia Munnell: Married Couples Are in the Retirement Danger Zone
The prominent retirement researcher discusses Social Security's viability, the role of housing wealth, and a surprising new finding about married couple's retirement preparedness.
Episode 23
Michael Finke: Here’s What Makes Retirees Happy
A respected retirement researcher discusses what types of spending are correlated with a better retirement--and which are not.
Episode 22
Judith Ward: Planning Well at Every Life Stage
T. Rowe Price's senior financial planner shares planning and portfolio to-dos for 20-somethings, people in their 70s and beyond, and everyone in between.
Episode 21
David Blanchett: If You're Retiring Now, You're in a Pretty Rough Spot
Morningstar's lead retirement researcher on retiree spending patterns, asset allocation, and mitigating the risks in a plan.
Episode 20
Dan Ivascyn: Building a Portfolio to Bend but Not Break
PIMCO's group CIO explains the firm's cautious outlook and why it's stressing liquidity in managing assets.
Episode 19
Allan Roth: 'I Embrace Dumb Beta'
The hourly financial planner and columnist on navigating clients' behavioral biases and the virtues of plain-vanilla index funds.
Episode 18
Rupal Bhansali: FAANG Stocks Are 'Extremely Risky'
Ariel International's manager discusses why she emphasizes downside protection and what the market is getting wrong about many of the largest companies.
Episode 17
Rob Arnott: Don't Sleep on Value Investing (Especially Emerging-Markets Value)
The Research Affiliates founder thinks "value" is cheap, sees shades of the 2000 tech bubble in today's market, and takes issue with multifactor investing, among other matters.
Episode 16
Mark Miller: Less Investment Choice = Better Retirement Outcomes
The nationally recognized expert on retirement and aging discusses the state of retirement readiness in the U.S. and how reducing choice could improve success rates.
Episode 15
Bill Nygren: 'A Stock That Doesn't Look Cheap on the Surface Might Be One of the Cheapest'
The Oakmark manager discusses the lasting lessons of the financial crisis and how traditional value metrics aren't necessarily the best gauge of an inexpensive stock.
Episode 14
Jonathan Clements: 'It's in Wall Street's Interest to Make Everyday Investors Think That They Are Stupid'
The influential financial writer on what's driving higher market valuations, the challenges of retirement drawdown, and the myth of the 'dumb' investor.
Episode 13
Maria Bruno and Joel Dickson: 'Building a Better Retirement'
Catch-up strategies for pre-retirees, "off-label" ideas for supersavers, and how the investment industry can make 'mountains out of molehills.'
Episode 12
Sheryl Garrett: 'The Industry Thought I Was Nuts'
The pioneer in hourly financial-planning guidance weighs in on choosing an advisor and rapidly evolving business models for financial advice.
Episode 11
James Montier: 'How Do I Get Paid for Owning This Asset?'
Amid a weak stretch for value strategies, the asset-allocation specialist discusses why GMO remains pessimistic in its outlook for U.S. stocks.
Episode 10
Rick Ferri: 'There Are No Average Investors'
The financial advisor and asset-allocation specialist discusses conflicts in advice-giving, which asset classes he avoids, and "factor renters."
Episode 9
Josh Brown: 'Standardize the Process, Personalize the Advice'
The Ritholtz Wealth Management CEO discusses his transition from broker to advisor and why client portfolios should have fewer assets, not more.
Episode 8
Harold Evensky: 'It's an Unmitigated Disaster'
Financial-planning guru Harold Evensky on the shortcomings of the SEC's newly enacted Regulation Best Interest, the bucket approach to retirement portfolios, and evolving business models for financial advice.
Episode 7
Aron Szapiro: 'You Can't Fix What You Can't Measure'
Morningstar's director of policy research on what's ailing the U.S. retirement system, the new SEC rule on advisor conflicts of interest, and why policy recommendations must be data-driven.
Episode 6
Michael Kitces: The Model Has to Change Again
Financial planning guru Michael Kitces on the future of financial advice: technology, specialization, planning versus investment guidance, and how to pay for it.
Episode 5
Carolyn McClanahan: There's More to Money Than Just the Numbers
Carolyn McClanahan on her shift from practicing medicine to financial planning, how to model health and long-term care costs, and troubleshooting financial risks later in life.
Episode 4
Tim Buckley: There’s No One Even Close to Us
Vanguard's CEO on balancing growth with delivering good client outcomes, the future of advice, and the trend toward "free" products.
Episode 3
Morgan Housel: No One Hires a Luck Manager
Investment writer Morgan Housel on coping with behavioral biases, the evolution of the investment industry, and the role of luck in investing.
Episode 2
Don Phillips: We’re All in the Behavior Modification Business
Longtime fund observer Don Phillips on the importance of investor psychology, the uptake of passive and ESG investing, and Jack Bogle's enduring legacy.
Episode 1
William Bernstein: If You've Won the Game, Stop Playing
In the first installment of Morningstar's new podcast, noted author and investment advisor Bill Bernstein riffs on the role of bonds, hazards in the market today, and fixing the system.