The Intrinsic Value Podcast – The Investor’s Podcast Network
Rebecca brings back Larry Swedroe. Together they talk about why generating alpha is becoming more difficult, how competition is a significant factor in its decline and much more!
Larry Swedroe is head of the financial and economic research office for Buckingham Wealth Partners, a Registered Investment Advisor firm in St. Louis, Mo. Previously, Larry was vice chairman of Prudential Home Mortgage. Larry holds an MBA in finance and investment from NYU, and a bachelor’s degree in finance from Baruch College.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro.
01:43 - The difference between Alpha vs Beta.
09:39 - Why is the ability to generate alpha shrinking.
15:01 - How competition has played an increasing role in reducing alpha over time.
22:56 - What would happen if everyone went passive.
30:18 - Larry’s perspective on concentration vs diversification.
37:29 - Why good businesses are not as good investments.
59:15 - Should investors prefer dividend paying stocks over non-dividend paying stocks.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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