Podcast: Professor Kenneth French - Risk, Return, and Rationality
Guest : Kenneth French is the Roth Family Distinguished Professor of Finance at the Tuck School of Business at Dartmouth College. He is an expert on the behavior of security prices and investment strategies.
Recorded: 4/10/2024 | Run-Time: 53:45 | Listen on Apple or Spotify
Summary: In today’s episode, Ken shares what topic he and Professor Fama disagree on. Then we get into a number of topics: what it means to truly be a long-term investor, the global market portfolio, misconceptions around stock buybacks, and much more.
Links from the Episode:
(01:17) - Welcome to our guest, Kenneth French
(03:35) - Investing in FAANG Stocks: Should You Expect Unexpected Returns?
(07:10) - Deciphering an investors skill vs. luck
(15:12) - Having an investment plan
(20:24) - The global market portfolio
(25:02) - Thoughts on gold and other commodities
(26:26) - Incorporating human capital
(32:12) - Ken’s thoughts on stock buybacks
(35:36) - Improving financial education
(40:10) - Disagreement, Taste, and Asset Prices
(44:05) - Ken’s most controversial opinion
(46:37) - Ken’s most memorable investment