Guests

Surviving the World’s Financial Crisis

October 10, 2008

Central banks around the world are responding aggressively with rate cuts and intervention. What can individuals do to protect themselves and position their portfolios for future profits? Two veteran value investors – legendary portfolio manager Marty Whitman, founder of the Third Avenue Funds and Hersh Cohen, chief investment officer of Clearbridge Advisors will guide us. Plus long-time friend and colleague of Fed Chairman Ben Bernanke, NYU Economics Professor Mark Gertler, will explain the immediate and long term impact of the global financial rescue efforts.

WEALTHTRACK Episode #415; Originally Broadcast on October 10, 2008

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Mark Gertler, Hersh Cohen & Martin Whitman

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Mark Gertler

Henry and Lucy Moses Professor of Economics New York University

Martin Whitman

Founder, Co-Chief Investment Officer Third Avenue Management

Hersh Cohen

Chief Investment Officer Clearbridge Advisors

Stay with stocks if they are part of your long-term investment plan.

Investors are selling stocks thinking that they are fleeing risks. However, they are forgetting that being out of the stock market has serious consequences as well. Over the last decade, for instance, the average annual return for the S&P 500 on a pure price basis, not including dividends, was 4.22% average annual return. Missing just the best ten days of the entire decade dropped that return to a negative five tenths of a percent, and missing the best 40 days, again of the entire decade, depressed the annual return to -10%. So good luck in timing those periods. And being in cash can also be hazardous. Over time, inflation is a cash killer, especially when cash equivalents like three-month treasury bills are returning practically nothing. A moderate 3% inflation rate knocks the value of each dollar down to 97 cents in one year, 74 cents in ten years, and nearly in half in 20 years. These are scary times, but if history is any guide, selling when there is panic in the streets has proven to be a loser’s game.

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SHILLER – ANTONELLI – ZWEIG

October 3, 2008

The steep decline in U.S. home prices and sales is at the heart of the financial crisis. When will the housing markets stabilize? We’ll ask Yale Professor of Economics Robert Shiller, the man who predicted the bursting of the housing bubble and co-created the widely followed Case-Shiller Home Price Index. Plus, we’ll take the pulse of opportunities in foreign markets with global portfolio manager David Antonelli of MFS International, and discuss what to do and not to do during this market stress with The Wall Street Journal’s “The Intelligent Investor” columnist Jason Zweig. Continue Reading »

BURTON MALKIEL, TOM PETRIE AND DAVID LAIBSON

February 29, 2008

This week on WealthTrack, it’s back to school with three experienced investment mentors- Random Down Wall Street’s Burton Malkiel, Harvard behavioral economist David Laibson, and energy market veteran Tom Petrie. They all have pointers for tough market tests ahead on Consuelo Mack WealthTrack.

WEALTHTRACK Episode #335; Originally Broadcast on February 29, 2008

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Laibson – Malkiel – Petrie

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BURTON MALKIEL

Professor of Economics, Princeton University

TOM PETRIE

Vice Chairman, Merrill Lynch

DAVID LAIBSON

Professor of Economics, Harvard University

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ED HYMAN, CHRIS DAVIS AND TOM PETRIE

WealthTrack focuses on the economy, energy and value investing with three guests exclusive to us. ISI Group’s Ed Hyman, Wall Street’s number one ranked economist for 27 years running, star value investor Chris Davis of the Davis Funds, and veteran energy hand Tom Petrie, Vice Chairman of Merrill Lynch.

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SHILLER – BYRNE – ELLIS

February 1, 2008

Yale Professor Robert Shiller, the man who predicted both the tech and housing bubbles will return to WealthTrack. We’ll ask him what to expect next. He’ll be joined by legendary investment strategy consultant Charles Ellis who will talk about protecting your portfolio from market risk, plus dynamic fund manager Susan Byrne.

WEALTHTRACK Episode #0331; Originally Broadcast on February 1, 2008

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SHILLER – BYRNE – ELLIS

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ROBERT SHILLER Professor of Economics, Yale University Chief Economist and Co-Founder, MacroMarkets, LLC

SUSAN BYRNE Chairman, Chief Investment Officer Westwood Holdings Group, Inc.

CHARLES ELLIS Founder, Greenwich Associates Author, Winning the Loser’s Game

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ED HYMAN, CHRIS DAVIS AND TOM PETRIE

January 19, 2007

WealthTrack focuses on the economy, energy and value investing with three guests exclusive to us. ISI Group’s Ed Hyman, Wall Street’s number one ranked economist for 27 years running, star value investor Chris Davis of the Davis Funds, and veteran energy hand Tom Petrie, Vice Chairman of Merrill Lynch. Continue Reading »

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