Masters in Business

Bloomberg Opinion columnist Barry Ritholtz interviews Howard Marks, the CFA and co-chairman of Oaktree Capital Management, in his third appearance on Masters in Business. An author as well as an investor, Marks most recently wrote “Mastering the Market Cycle: Getting the Odds on Your Side,” which was released this month. He also wrote 2011’s “The Most Important Thing: Uncommon Sense for the Thoughtful Investor.” See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Peter Conti-Brown, a financial historian and legal scholar at the Wharton School of the University of Pennsylvania. Conti-Brown studies central banking, financial regulation and public finance, with a particular focus on the history and policies of the U.S. Federal Reserve System. He is the author of “The Power and Independence of the Federal Reserve.” See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews David Hunt, president and chief executive officer of Prudential Financial Inc.'s global investment management business, PGIM. Hunt oversees all aspects of PGIM's businesses, including its fixed income, real estate, equity, and mutual fund units, and is on the operating council of Prudential Financial Inc.'s U.S. businesses. Hunt was previously at McKinsey & Company for 22 years, advising financial executives worldwide. Hunt has a bachelor's degree in engineering from Princeton University and an MBA from the University of Pennsylvania Wharton School.See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews ETF expert Dave Nadig, who is managing director of ETF.com and former director of ETFs at FactSet Research Systems. Nadig helped design some of the first ETFs as managing director at BGI, and as co-founder of Cerulli Associates, he conducted some of the earliest research on fee-only financial advisers and the rise of indexing. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews San Francisco 49ers President Al Guido, who oversees all key business initiatives for the team and previously served as its chief operating officer. He is also the CEO and co-managing partner of Elevate Sports Ventures, which works to bring comprehensive business solutions to the sports and entertainment industry.See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Eldon Scott, president of UrbanSpace, a company specializing in creating artisan food halls and holiday gift venues. UrbanSpace was founded in 1972 in the U.K., where it developed more than 50 sites. The New York arm was established in 1993, and has flourished by creating food halls and gift fairs in locations such as Times Square, Madison Square and Columbus Circle. The firm is in the early stages of U.S expansion, looking at Chicago and the West Coast. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews the venture capitalist and economist William Janeway. Janeway discusses how much of America’s innovative technologies began with a helping hand from the U.S. government. Transistors, ARPAnet (the predecessor to the internet), semiconductors, cellular technology, microwaves, even stealth technology, got their start as government research projects. An updated edition of his book, "Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State," was released in May. See omnystudio.com/listener for privacy information.

After doing more than 200 Masters in Business interviews, Barry Ritholtz finally ends up in the hot seat and will join Joel Weber and Eric Balchunas on Bloomberg’s Trillions podcast. In a lengthy interview, Ritholtz shares his views on tariffs, the state of the economy, politics, exchange-traded funds and whether financial advisers are even needed. Look for the episode on Aug. 23, but in the meantime here’s an excerpt to digest while you wait. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Richard Sylla, professor emeritus of economics at New York University's Stern School of Business. Sylla is the author or co-author of several books, including “A History of Interest Rates.” He notes that rates in recent years are “the lowest in history, from the Code of Hammurabi to Babylon Civilization, Greek and Roman Civilization, the Middle Ages, Renaissance, right up until the present.” See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews hedge-fund manager Leon Cooperman of Omega Advisors about the thrill of finding an attractive investment everyone else has overlooked. Cooperman, 75, is converting his fund into a family office before the end of this year. He is also a billionaire philanthropist, and a member to Warren Buffett’s and Bill Gates’ Giving Pledge. He has committed to donating his fortune to charity during his lifetime. This is a Bloomberg Opinion podcast. To download, watch or listen to this report now, click on the thumbnail/player on the sidebar. For additional Bloomberg podcasts, see {NI PODCAST <GO>}.See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Torsten Slok, chief international economist and managing director at Deutsche Bank. Slok’s economics team has been top-ranked by Institutional Investor in fixed income and equities for the past five years. Prior to joining the firm, Mr. Slok worked at the OECD in Paris and at the IMF in Washington, and studied in Copenhagen and Princeton. He has published numerous articles on economics and policy analysis, including in the Journal of International Economics, the Journal of International Money and Finance, and the Econometric Journal.See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Robert Arnott, founder and chairman of Research Affiliates, a subadviser to PIMCO that specializes in innovative asset allocation and alternative indexation products. Prior to establishing the firm in 2002, he served as chairman of First Quadrant, president of TSA Capital Management (now part of Analytic Investors), and vice president at The Boston Company. Arnott has also published more than 100 articles in journals such as the Journal of Portfolio Management, Harvard Business Review, and the Financial Analysts Journal, where he also served as editor in chief from 2002 through 2006. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews John Carreyrou, the Pulitzer-winning investigative reporter who exposed wrongdoing at the much-hyped startup Theranos. Its founder was recently charged with "massive fraud" by the SEC. Carreyrou has been awarded the George Polk Award for Financial Reporting, the Gerald Loeb Award for Distinguished Business and Financial Journalism, and the Barlett & Steele Award for Investigative Journalism. His new book is "Bad Blood: Secrets and Lies in a Silicon Valley Startup."See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Dave Butler of Dimensional Fund Advisors about how athletes manage their wealth. Butler, a star college basketball player who was drafted by the Boston Celtics, went on to become Dimensional's co-CEO and head of global financial advisor services. He is also on the firm’s executive committee and has been involved with strategic vision and decision-making for many years. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Paul Vigna, a Wall Street Journal reporter who covers the cryptocurrency sector. His most recent book, co-authored with Michael J. Casey, is "The Truth Machine: The Blockchain and the Future of Everything." He and Casey also co-authored 2015's "The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order."See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Grammy-winning guitarist Laurence Juber, whose playing fuses folk, jazz, blues, pop and classical styles. First internationally recognized as lead guitarist in Beatle Paul McCartney’s group Wings, Juber has released 25 solo albums.See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Todd Harrison, a founding partner and chief investment officer at the hedge fund CB1 Capital, which focuses on cannabinoid-based solutions and biopharmaceutical applications and therapies. Prior to his work with CB1 Capital, Harrison spent almost three decades on Wall Street managing risk and researching financial market strategies. He was also thefounder and CEO of Minyanville Media Inc., an Emmy-winning financial media company covering global markets in real time. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Dr. Raife Giovinazzo of Fuller & Thaler Asset Management, a leader in applied behavioral finance. Giovinazzo conducts research using market insights to enhance investment processes at the firm. Prior to joining Fuller & Thaler, Dr. Giovinazzo was a researcher and co-portfolio manager with BlackRock's Scientific Active Equity group. He has a Ph.D. in finance as well as an MBA in analytic finance, economics and statistics, and studied under Nobel-winning pioneers of behavioral economic Daniel Kahneman and Richard Thaler.See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews former senator George Mitchell, a leading figure in the Democratic Party who was credited with helping them win back the Senate majority in 1986.Mitchell was elected majority leader in 1989, a position he held until his retirement from the Senate in 1995. He was known among his colleagues in the Senate as an honest leader and skillful legislative strategist. After leaving the Senate, Mitchell was instrumental in negotiating a peace agreement in Northern Ireland and was awarded the Presidential Medal of Freedom. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Cal Turner Jr., who in 1965 began his career at the company founded by his father and grandfather in 1939: Dollar General. He succeeded his father as president in 1977 and as chairman in 1988. At the time of his retirement in 2003, Dollar General had grown into a New York Stock Exchange retailer with more than 6,000 stores in 27 states and annual sales in excess of $6 billion. He is the author of "My Father's Business: The Small-Town Values That Built Dollar General into a Billion-Dollar Company." See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Libby Cantrill, a managing director and head of public policy at PIMCO. In addition to coordinating the firm's response to policy issues and analyzing political events for the firm’s investment committee, she is a member of the firm’s Americas portfolio committee. She is also a founding member of PIMCO Parents, an initiative focused on supporting parents and families, and PIMCO Women, whose mission is to attract, retain and develop women. Prior to joining PIMCO, she worked as a legislative aide in Congress and at Morgan Stanley's investment banking division. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Ed Yardeni, the president of Yardeni Research Inc., a provider of independent global investment strategy research. Dr. Yardeni previously served as chief investment strategist for Oak Associates; chief investment strategist and managing director of Prudential Equity Group; chief investment strategist for Deutsche Bank; and chief economist for C.J. Lawrence, Prudential Securities and E.F. Hutton. Yardeni recently published the book "Predicting the Markets: A Professional Autobiography."See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Steve Murray, a managing partner at Revolution Growth who boasts more than 25 years of experience with technology businesses. He joined Revolution from SoftBank, where he worked with companies including Fitbit, BuzzFeed, E-Trade, Ziff Davis and Kabbage. See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews James Chanos, founder and president of Kynikos Associates LP, the world's largest exclusive short-selling investment firm. Throughout his investment career, Chanos has identified and sold short the shares of numerous well-known corporate financial disasters; his celebrated short-sale of Enron shares was dubbed by Barron's as "the market call of the decade, if not the past 50 years."See omnystudio.com/listener for privacy information.

Bloomberg Opinion columnist Barry Ritholtz interviews Benedict Evans, a partner at Silicon Valley venture capital fund Andreessen Horowitz. A longtime mobile analyst, Evans has worked in the media and technology industries for 15 years. Evans has worked in strategy and business development for NBC Universal, Channel 4 and Orange, and previously worked as a sell-side equity analyst covering European telecoms. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Patty McCord, author of the recently released "Powerful: Building a Culture of Freedom and Responsibility." McCord served as chief talent officer of Netflix for 14 years and helped create the Netflix Culture Deck. A veteran of Sun Microsystems, Borland and Seagate Technologies, she has also worked with small startups. McCord currently coaches and advises a small group of companies and entrepreneurs on culture and leadership. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Joel Greenblatt, co-chief investment officer and managing principal at Gotham Asset Management, LLC. He has also been a director of Pzena Investment Management Inc. since October 2007. An adjunct professor at Columbia Business School since 1996, he teaches classes on value and special situation investing. He is the author of “You Can Be A Stock Market Genius,” “The Little Book That Beats the Market,” “The Little Book That Still Beats the Market” and “The Big Secret for the Small Investor.” See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Annie Duke, an expert in the science of decision-making and for decades one of the top poker players in the world. In 2004, she bested a field of 234 players to win her first World Series of Poker (WSOP) bracelet. The same year, she triumphed in the $2 million winner-take-all, invitation-only WSOP Tournament of Champions. In 2010, she won the prestigious NBC National Heads-Up Poker Championship. Prior to becoming a professional poker player, Annie was awarded the National Science Foundation Fellowship and studied cognitive psychology at the University of Pennsylvania. Her latest book is "Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts." See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Matthew Kadnar, a member of GMO’s asset allocation team. Prior to joining GMO in 2004, he was an investment specialist and consultant relations manager at Putnam Investments. Previously, he served as in-house counsel for LPL Financial Services and as a senior associate at Melick & Porter LLP. Kadnar has a B.S. from Boston College and a J.D. from Saint Louis University School of Law. He is a CFA charterholder.See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews the legendary tennis player Serena Williams. Williams has won 23 singles titles in women's Grand Slam tournaments -- just one behind the all-time leader, Margaret Court -- as well as 23 doubles titles and two mixed doubles titles. Along with her individual successes, Serena has teamed up with her sister Venus to win a series of doubles titles. She is also a four-time Olympic gold medalist.See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews David Enrich, finance editor at the New York Times and author of "The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History." (That scam, of course, was the Libor scandal.) Previously the financial enterprise editor at the Wall Street Journal, Enrich has received numerous journalism awards, including an award from the Overseas Press Club for his coverage of the European debt crisis and a George Polk Award for his coverage of insider trading. Enrich's next book will be about Deutsche Bank. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Kathleen Fisher, head of wealth and investment strategies for AllianceBernstein L.P. In this role, she leads the team responsible for developing and communicating asset allocation advice and investment strategies for high-net-worth clients. Since 2013, she has also overseen research on investment planning and wealth transfer issues facing high-net-worth families as well as endowments and foundations. Kathy joined the firm in 2001 as a senior portfolio manager and member of AllianceBernstein's private client investment policy group; she was appointed a national managing director in 2009. She previously spent 15 years at JPMorgan, most recently as a managing director advising banks on acquisitions, divestitures and financing techniques. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews James Donald, who serves as managing director and head of emerging markets at Lazard Asset Management, and serves as portfolio manager/analyst on the emerging markets equity team. Since joining Lazard in 1996, he has been instrumental in developing and coordinating its emerging-markets activities. Previously, he was a portfolio manager with Mercury Asset Management. He is also a board member of EMpower, a charity founded by investment professionals focused on adolescents, healthcare and women's issues in emerging-market countries, as well as a member of the 20-20 Investment Association, an investor group focused on emerging markets. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews writer and media strategist Ryan Holiday. Holiday was 19 years old when he dropped out of college to apprentice under Robert Greene, author of “The 48 Laws of Power.” He went on to become the director of marketing for American Apparel. His creative agency, Brass Check, has advised clients like Google, TASER and Complex, as well as many prominent bestselling authors, including Neil Strauss, Tony Robbins and Tim Ferriss. He is the author of six books, including “The Daily Stoic” and most recently “Conspiracy: Peter Thiel, Hulk Hogan, Gawker and the Anatomy of Intrigue.” See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews innovation expert Luis Perez-Breva, who directs MIT’s flagship hands-on innovation program -- the MIT Innovation Teams Program -- jointly operated by the schools of engineering and management. An entrepreneur and a Ph.D., he has taught innovation as a skill to professionals and students worldwide, co-led the Innovation Pillar of the MIT Skoltech Initiative, and collaborates with MIT’s innovation initiatives in Portugal, Singapore and the United Arab Emirates. He is also the author of “Innovating: A Doer’s Manifesto for Starting From a Hunch, Prototyping Problems, Scaling Up, and Learning to Be Productively Wrong.” See omnystudio.com/listener for privacy information.

Decrypted returns on March 6th with a brand new season. Here's a sneak peek of what's in store. We'll be releasing new episodes every Tuesday starting next week. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Pimco’s Jerome Schneider, who is managing director of the Newport Beach office and head of short-term portfolio management and funding. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2015. Prior to joining Pimco in 2008, Schneider was a senior managing director with Bear Stearns. He has 22 years of investment experience and holds an undergraduate degree in economics and international relations from the University of Pennsylvania and an MBA from the Stern School of Business at New York University.See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Kathryn Minshew, Co-Founder & Chief Executive Officer of The Muse. Kathryn has spoken at MIT and Harvard, appeared on The TODAY Show and CNN, and contributes on career and entrepreneurship to the Wall Street Journal and Harvard Business Review. She was named to Forbes’ 30 Under 30 in Media and Inc.’s 15 Women to Watch in Tech. Before founding The Muse, Kathryn worked on vaccines in Rwanda and Malawi with the Clinton Health Access Initiative and was previously at McKinsey.See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Jack Devine, a CIA veteran and founding partner and president of The Arkin Group LLC, which specializes in international crisis management, strategic intelligence, investigative research and business problem solving. During his more than 30 years with the CIA, Devine was involved with sensitive projects in virtually all areas of intelligence, receiving the agency's Distinguished Intelligence Medal and several other awards. Devine is also a member of the Council on Foreign Relations and author of the New York Times bestseller “Good Hunting: An American Spymaster’s Story.” See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews the chief economist of KPMG LLP, Constance Hunter, who has more than 20 years of investment experience across all main asset classes, including seven as chief investment officer and seven as chief economist. She is a past board member of the National Association for Business Economics (NABE); a current board member of the NABE Foundation; and a member of the New York Association for Business Economics, the Money Marketeers, the Women’s Bond Club, and 100 Women in Hedge Funds. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Thomas Gilovich, the Irene Blecker Rosenfeld Professor of Psychology at Cornell University. He has conducted research in social psychology, decision making and behavioral economics, and is best known for his research in heuristics and biases in the field of social psychology. He is the author of several books, including "How We Know What Isn't So: The Fallibility of Human Reason in Everyday Life," and is the co-author (with Amos Tversky) on the seminal study on the myth of the “Hot Hand” in the NBA. His most recent research explored experiential and material consumption and what makes people happy. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Ed Mendel. He co-founded Ned Davis Research (NDR) and Davis, Mendel & Regenstein (DMR) in 1980, when he and his partner Ned Davis left J.C. Bradford & Company. The two firms are collectively known as the Ned Davis Research Group, and have built one of the largest stock and bond research followings on Wall Street. Ed has worked closely with Ned since 1971.See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Brooke Lampley, the vice chairman of the fine art division at Sotheby’s. Previously, Lampley was the senior vice president and head of the Impressionist and modern art department at Christie’s in New York. She graduated from Harvard with a bachelor’s degree in literature and art history and received a master’s in art history from Yale. See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Bruce Bartlett, an American historian who specializes in supply-side economics. Bartlett held senior policy roles in the Ronald Reagan and George H.W. Bush administrations, and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of “The Truth Matters: A Citizen's Guide to Separating Facts From Lies and Stopping Fake News in Its Tracks.” See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Anil Dash, an entrepreneur, activist and writer recognized as one of the most prominent voices advocating for a more humane, inclusive and ethical technology industry. He is the CEO of Fog Creek Software,the independent New York City tech company that incubated landmark startups like Trello and Stack Overflow, and created Glitch, the friendly new community that helps anyone make the app of their dreams. Dash was an advisor to the Obama White House’s Office of Digital Strategy, and today advises major startups and non-profits including Medium and DonorsChoose.See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Ric Edelman, founder and executive chairman of Edelman Financial Services LLC. Edelman also serves as a director of the Wolftrap Foundation for the Performing Arts. He was ranked the nation’s No. 1 independent financial adviser three times by Barron’s and named one of the country’s top 10 wealth advisers by Forbes magazine in 2016. In 2017, he was the recipient of IARFC’s Loren Dunton Memorial Award. His latest book is "The Truth About Your Future."See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Jeffrey Sherman, CFA, deputy chief investment officer at DoubleLine Capital LP. Sherman is also a member of DoubleLine’s executive management and fixed income asset allocation committees. He additionally serves as a portfolio manager for derivative-based and multi-asset strategies. Previously, he was a statistics and mathematics instructor at University of the Pacific and Florida State University. He also taught quantitative methods for Level I candidates in the CFALA/USC Review Program.See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Ray Dalio, chairman and chief investment officer of the world’s largest hedge fund, Bridgewater Associates. Dalio has been a global macro investor for more than 45 years, having started Bridgewater out of a two-bedroom apartment in New York City in 1975. He’s also the author of the New York Times bestseller "Principles: Life and Work," and is known for the practical yet unconventional theory of economics he spells out in his video series "How the Economic Machine Works."See omnystudio.com/listener for privacy information.

Bloomberg View columnist Barry Ritholtz interviews Jeremy Schwartz, the director of research at WisdomTree. He is responsible for the equity index construction process and oversees research across the WisdomTree family. Prior to joining WisdomTree, Jeremy was head research assistant to Wharton finance professor Jeremy Siegel, and helped with the research and writing of "Stocks for the Long Run" and "The Future for Investors." He also hosts the Wharton Business Radio program “Behind the Markets” on SiriusXM 111, and is a member of the CFA Society of Philadelphia.See omnystudio.com/listener for privacy information.

Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This podcast will demystify them—and delight you in the process.See omnystudio.com/listener for privacy information.