Our guest on the podcast today is Victor Haghani. He is the co-author of a new book called The Missing Billionaires: A Guide to Better Financial Decisions. In 2011, Victor founded Elm Wealth, an investment advisory firm for high-net-worth individuals. He started his career at Salomon Brothers in 1984, where he became a managing director in the bond arbitrage group. And in 1993, he was a co-founding partner of Long-Term Capital Management. He graduated from the London School of Economics with a bachelor’s degree in economics.
Background
Bio
Elm Wealth
The Missing Billionaires: A Guide to Better Financial Decisions, by Victor Haghani and James White
Investment Sizing and Expected Utility
“The Most Costly Investment Mistake You Can Make Is Easy to Avoid,” by Victor Haghani and James White, Bloomberg.com, Feb. 14, 2024.
“Bigger Is the Enemy of Better Investing,” by Victor Haghani and Richard Dewey, businesstimes.com, March 20, 2021.
Robert K. Merton
“Merton Model: Definition, History, Formula, What It Tells You,” by Will Kenton, Investopedia.com, Aug. 10, 2022.
“Lifetime Portfolio Selection Under Uncertainty: The Continuous-Time Case,” by Robert C. Merton, jstor.org, August 1969.
“How Much of a Good Thing Is Too Much?” by Victor Haghani, linkedin.com, Oct. 11, 2022.
“To Realize, or Not to Realize,” by Victor Haghani and James White, elmwealth.com, Oct. 22, 2020.
Lifetime and Retirement Spending
“Spending Like You’ll Live Forever,” by Victor Haghani and James White, elmwealth.com, April 6, 2021.
“Cut Your Losses Early; Let Your Profits Run,” by Victor Haghani, linkedin.com, Aug. 8, 2023.
Puzzles
“George Costanza At It Again: The Leveraged ETF Episode,” by Victor Haghani and James White, elmwealth.com, April 16, 2020.
“Who Wants Protection Like This?” by Victor Haghani, linkedin.com, Nov. 14, 2022.
Other
“Vic’s TEDx Talk: Where Are All the Billionaires and Why Should We Care?” Elmwealth.com, March 8, 2013.
Matt Levine
Michael Lewis
The St. Petersburg Paradox
Hal Hershfield
“Hal Hershfield: People Treat Their Future Self as if It’s Another Person,” The Long View podcast, Morningstar.com, Sept. 21, 2021.
Stumbling on Happiness, by Daniel Gilbert
When Genius Failed: The Rise and Fall of Long-Term Capital Management, by Robert Lowenstein
Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It, by Nicholas Dunbar
Jill Schlesinger: ‘The Great Money Reset’
Micah Hauptman: Advocating for Investors’ Best Interests
James Choi: How to Improve the Way We Present and Make Investment Choices
Mark Berg: Hourly Financial Planning Is 'A Vast Blue Ocean'
Brad Barrett: ‘Start With a Small Win’
Robert Powell: ‘How Do I Generate the Income?’
Lubos Pastor: ‘Judging Fund Managers by the Company They Keep’
Stacy Francis: On a Mission to Help Women Thrive
Derek Tharp: An Alternative Approach to Calculating In-Retirement Withdrawals
Cody Garrett: ‘Give Every Dollar a Job and a Use-By Date’
Kathy Jones on Inflation: ‘The Worst Is Behind Us’
Katie Gatti Tassin: ‘Openness Has Been a Bit of a Secret Sauce’
Ann Garcia: How to Pay for College
Jeff Levine: Smart Tax Moves for 2023 and Beyond
Mark Miller: Rebooting Retirement
Best of The Long View: Investing
Best of The Long View: Financial Planning and Retirement
Christine Benz and John Rekenthaler: Revisiting What Is a Safe Retirement Spending Rate After a Tough Year
Joe Wiggins: Applying Behavioral Science to Make Better Investment Decisions
Jamie Hopkins: A Framework for Financial Freedom
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Investing Insights
Simple, but Not Easy
Investing Insights (Video)