Clare Flynn Levy - Stock Market Maestros: The Winning Habits, Strategies and Mindsets of the World’s Best Investors

This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby is joined by Clare Flynn Levy, CEO and Founder of Essentia Analytics. Prior to founding Essentia, Clare spent 10 years as a fund manager, both active equity (running over $1B of pension funds for Deutsche Asset Management) and hedge (as founder and CIO of Avocet Capital Management, a specialist tech fund manager). She ultimately “went native” into the software space as President of Beauchamp Financial Technology, a market-leading provider of portfolio management systems to hedge funds, which was acquired by Linedata Services S.A. Clare’s vision for Essentia is based on years of being the customer, followed by years of listening to the customer.

Tune in to hear:

• Why do people so desperately overvalue being right, even in environments where payoff matters more than accuracy?
• How do we begin to get comfortable with being wrong and not being overconfident when the discomfort of being wrong is so poignant for us as humans?
• How do we convince everyone, from mom and pop investors to hedge fund managers, that rules are the most reliable thing when intuition tells us that it should be personal intelligence?
• How does Clare think about knowing when Alpha has decayed versus just holding on to a true principle that has fallen out of favor momentarily?
• What boxes did one need to tick to become a stock market maestro in Clare’s new book? Also, what were some of her favorite rules or quirks that reflect how these maestros did things a bit differently?
• How does true investment skill, as Clare measures it, differ from investment skill in the popular imagination?
• How does Clare apply the lessons she has learned from Wall Street around quality decision making to her parenting and her personal life?

Links

• Clare Flynn Levy on LinkedIn
• Stock Market Maestros
• Behavioral Alpha
• Essentia Analytics

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• Check Out All of Orion’s Podcasts
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