CapEx Bubble In Heart Of Stock Market | Dan Rasmussen on AI, PE, and “The Humble Investor”

Описание: Dan Rasmussen, founder and CIO of Verdad Advisers, joins Jack to share insights on value, magnificent 7, private equity & credit, and bonds, from his new book, “The Humble Investor: How to find a winning edge in a surprising world.” Recorded on February 4, 2025.

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Timestamps
00:00 Intro
1:43 Beware Investing In Fads
4:16 What Will Return on Investment Be For The Spend?
11:52 Growth Doesn't Predict Growth
16:44 Why Value Investing Has Worked Internationally (But Hasn't Worked Recently in United States)
22:17 Private Equity
24:54 Is PE Really Better at Running Companies?
27:12 The Three Phases of Private Equity
32:14 Dan's Bear Case For Private Equity
34:04 Where Is The Pain in PE From Rising Rates?
37:55 Private Credit = Ticking Time Bomb?
40:58 Bond Market: Chase Quality, Not Yield
43:49 The History of Private Credit
48:58 Is It Possible To Predict Bubbles?
51:59 Why Have Small Cap Stocks Underperformed?
55:02 Why Many "Value Funds" Don't Capture True Value
57:30 Is Volatility Drag ("Variance Drag") A Real Thing?
1:00:47 Efficient Market Hypothesis, Dividend Discount Model and Capital Asset Pricing Model (CAPM): RANKED
1:07:50 Counter Cyclical Asset Allocation

#stockmarket #valueinvesting #macroeconomics #hedgefund #privatecredit #privateequity