Guests

BOB DOLL, JOHN MONTGOMERY AND TOM PETRIE

October 9, 2009

This week on Consuelo Mack WealthTrack three outstanding financial world figures: Bob Doll runs three large cap funds at BlackRock; John Montgomery heads up a family of funds using computer models at Bridgeway Capital; Tom Petrie, Vice Chairman of Bank of America – Merrill Lynch, is a veteran observer of the energy sector.

WEALTHTRACK Episode #515; Originally Broadcast on October 09, 2009

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Doll-Montgomery-Petrie

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BOB DOLL

Vice Chairman, Global Chief Investment Officer for Equities,
BlackRock

JOHN MONTGOMERY

Founder, CEO
Bridgeway Capital Management

TOM PETRIE

Vice Chairman,
Bank of America Merrill Lynch
Consuelo Mack
Has the opening shot been fired? Has the great stimulus withdrawal begun?
That is the question heard in financial markets round the world this week as
Australia’s central bank became the first of the group of 20 major developed
countries to raise interest rates after more than a year of global
reductions.

The Australian Reserve Bank’s explanation that “The risk of serious economic
contraction in Australia now having passed…” raises questions about when
other countries will hike their rates. Likely candidates are commodity-based
economies like Brazil that are recovering swiftly and Asian countries like
South Korea, China and Indonesia, which are leading the world rebound.

Gold has been a beneficiary of the pick up in global activity. This week it
hit a new record, closing at $1,062.70 an ounce today. The precious metal is
up nearly 20% so far this year. Meanwhile oil, which closed at $71.65 a
barrel this afternoon in New York, has appreciated about 60% year-to-date.
According to this week’s guest, energy analyst Tom Petrie, the long term
trend for black gold is considerably higher.

And what about stock prices? Third quarter earnings reports are starting.
Alcoa led the pack this week with an unexpected profit for the third
quarter. What’s the outlook, especially considering the market’s recent
meteoric rise? The S&P 500, which as of today has advanced for four straight
sessions, has rocketed 57% from the March lows.

How soon are global interest rates going to rise? What’s the prognosis for
the economy, earnings and oil and where is there money to be made in the
markets? This week on WealthTrack we’ll put those questions to our three
market pros.

Bob Doll is the Vice Chairman and Global Chief Investment Officer, Equities,
at BlackRock. Bob is also a respected money manager who runs three
different large-cap funds for BlackRock: Core, Growth and Value.

John Montgomery is the founder and director of Bridgeway Capital Management,
which manages a family of mutual funds using computer models and
quantitative methods. John manages 10 of the 11 funds and has compiled a
top-notch performance record since the firm’s launch in 1993.

Tom Petrie is one of the savviest oil and gas analysts and advisors in the
business. Tom’s longtime research and investment banking firm Petrie Parkman
was bought a few years ago by Merrill Lynch and he is now a Vice Chairman of
Bank of America Merrill Lynch.

All of our guests will share their “One Investment” recommendation for a
long term diversified portfolio. And in my action point I’ll pick up on
some of their suggestions.

Thanks for watching and make the week ahead a profitable and a productive
one.

Best regards,

Consuelo
Mathews Asia

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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.

WATCH NOW…



BURTON MALKIEL, TOM PETRIE AND DAVID LAIBSON

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.

WATCH NOW…



PETER FRANCESE, ROBERT KLEINSCHMIDT AND TOM PETRIE

We’ll talk about long-term demographic trends and the investment opportunities they are creating with demographics pioneer, Peter Francese, the founder of American Demographics magazine. Plus we’ll explore some of the deep values being created in the beaten down oil patch with veteran analyst and investor Tom Petrie, and in a WealthTrack television exclusive, delve into other sectors of the financial markets with fund manager Robert Kleinschmidt of the highly regarded Tocqueville Funds.

WATCH NOW…



No WEB EXTRA available for this episode.

Nancy Lazar – Robert Shiller – Andrew Lo

April 17, 2009

New Market Realities

Dealing with the new market realities. Two giants of behavioral finance- Yale Professor and Irrational Exuberance author, Robert Shiller and MIT professor and hedge fund manager Andrew Lo- discuss where the money will be made in the new financial landscape. Plus, top rated economist Nancy Lazar of ISI Group fills us in on the outlook for global economies and markets. Continue Reading »

Two Veteran Value Investors – Susan Byrne & Rob Arnott

March 13, 2009

Two veteran value investors tell us where they see the investment clouds clearing. Value investor Susan Byrne is finding companies with sound balance sheets and good cash flow that should withstand difficult times. Long-time bear Rob Arnott finally sees good values in the fixed-income markets. Find out where they see the profit opportunities.




Continue Reading »

PETER FRANCESE, ROBERT KLEINSCHMIDT AND TOM PETRIE

February 6, 2009

On this week’s Consuelo Mack WealthTrack we’ll talk about long-term demographic trends and the investment opportunities they are creating with demographics pioneer, Peter Francese, the founder of American Demographics magazine. Plus we’ll explore some of the deep values being created in the beaten down oil patch with veteran analyst and investor Tom Petrie, and in a WealthTrack television exclusive, delve into other sectors of the financial markets with fund manager Robert Kleinschmidt of the highly regarded Tocqueville Funds.

WEALTHTRACK Episode #432; Originally Broadcast on February 6, 2009

Listen to the audio only version here:
Francese – Kleinschmidt – Petrie

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PETER FRANCESE

Founder,
American Demographics

ROBERT KLEINSCHMIDT

President, Chief Investment Officer,
Tocqueville Asset Management

TOM PETRIE

Vice Chairman,
Bank of America Merrill Lynch
Consuelo MackNo Newsletter for this Episode
Mathews Asia

No Action Point details available for this episode.
No Bookshelf titles available for this episode. No One Investment details available for this episode. No Stock mention details available for this episode. PREMIUM subscribers have access to this transcript here.

You can also purchase and download this transcript safely and securely with your credit card or PayPal account for $4.99. You will need the free Adobe Acrobat Reader (Mac/Win) or Preview (Mac) to view and print the transcript.

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.

WATCH NOW…


BURTON MALKIEL, TOM PETRIE AND DAVID LAIBSON

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.

WATCH NOW…



No WEB EXTRA available for this episode.

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

Listen to the audio only version here:
Mark Gertler, Hersh Cohen & Martin Whitman

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[tabcontainer] [tabtext]Guest Info[/tabtext]  [tabtext]Action Point[/tabtext] [tabtext]Transcript[/tabtext] [/tabcontainer] 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.
You can  purchase and download this transcript safely and securely with your credit card or PayPal account for $4.99. You will need the free Adobe Acrobat Reader (Mac/Win) or Preview (Mac) to view and print the transcript.

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