Podcasts

December 10, 2024 — It was a pleasure to welcome Victor Haghani, the Founder and CIO of Elm Wealth Management back to the Alpha Exchange for an engaging discussion on those turbo-charged financial products called leveraged ETFs. Our conversation is focused on the large product suite built around MicroStrategy, a software company whose mission appears to be solely focused on the accumulation of bitcoin. Itself a stock realizing 75 to 150 vol, MSTRs two times daily return products –

December 10, 2024 — Today's guest is Victor Haghani, founder of Elm Wealth. Victor is, in many ways, one of the last tactical asset allocators standing after the 2010s. That might be because Victor wouldn’t categorize himself as such. Rather, he sees his dynamic index investing approach not as a tactical alternative to traditional static portfolios, but as the rational approach for anyone starting from first principles. This conversation dances between theory and implementation. Victor is just as comfortable

December 6, 2024 — Victor Haghani started his career at Salomon Brothers and shortly after became a managing director in the bond arbitrage group run by John Meriwether. He was a founding partner of Long-Term Capital Management and established its London office. The failure of LTCM was a life-changing experience that led him to question and revise much of the way he thought about the economy, markets, and investing. His new book - The Missing Billionaires: A Guide to

November 4, 2024 — Today we discuss with the author of The Missing Billionaires the importance of the sizing of our asset allocation. Size matters more than we give it credit for when it comes to what we invest in. In fact, you can make some lousy bets as long as you size them right. Listen in as we discuss why.

October 29, 2024 — WSJ security correspondent Sune Rasmussen on why captagon — an amphetamine-like drug — represents a security threat to America’s Mideast allies. And the U.S. has a shortage of air-defense missiles. Nancy Youssef, a national security correspondent for The Wall Street Journal, explains why. Plus, Journal politics editor Ben Pershing on how Kamala Harris and Donald Trump are trying to pull ahead in a neck-and-neck race. And would a time machine make you a great investor?

June 18, 2024 — This is an interview with Victor Haghani who is among many other things… the Co-Founder of LTCM (long term capital management), the Founder of Elm Wealth and the author of Missing Billionaires. In this interview we focused on Victor himself... his experiences at Solomon in the 80s and a brush with Bill Browder (who by the way was recently knighted), comments on Jim Simons and Nassim Taleb, an incredible moment of serendipity that would have changed

May 16, 2024 — The conversation dives into the practicalities of investing, the common pitfalls of financial decision-making, and the psychological aspects that often trip up even the most astute investors. Victor's approach to simplifying complex financial concepts and his emphasis on learning from past investment outcomes make this discussion a must-listen for anyone looking to navigate the often turbulent waters of personal finance. His personal anecdotes, combined with a straightforward breakdown of investment principles, provide a roadmap that

April 30, 2024 — Dive into the finance world with Victor Haghani, a founding partner of Long Term Capital Management, as he shares his journey from the top of the hedge fund game to pioneering dynamic indexing with Elm Wealth. Victor breaks down complex finance topics and shares stories about the big names he's worked with like Michael Lewis. Whether you're a finance newbie or a seasoned investor, there's something in this chat for everyone. Tune in for a

April 23, 2024 — Why investment sizing is an important - yet often overlooked - factor in investor outcomes. 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.

April 22, 2024 — In Episode 360 of Hidden Forces, Demetri Kofinas speaks with Victor Haghani about his book The Missing Billionaires: A Guide to Better Financial Decisions and what a growing body of literature has to say about sensible wealth management and how to invest for the long term. Haghani 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

April 9, 2024 — The stock market crash of 1929 was a pivotal event that rippled across the globe. The Great Crash rocked financial markets, not to mention the world economy, and proved to be a precursor to the Great Depression. The sudden selloff wiped out the fortunes of investors who were ill prepared to ride out a bear market. Today, investors must heed the lessons from volatile markets of the past and take stock of hidden risks that

November 24, 2023 — Victor Haghani and James White are co-authors of "The Missing Billionaires, A Guide to Better Financial Decisions." Victor is also the founder and CIO of Elm Wealth and David is the CEO, where they implement these concepts for their clients. This fascinating book discusses investment decision-making and risk-sizing and how to make better financial decisions with your wealth.

November 10, 2023 — Victor Haghani is co-author of the book The Missing Billionaires: A Guide to Better Financial Decisions. Haghani started his career in 1984 at Salomon Bros., where he became a managing director in the bond arbitrage group run by John Meriwether. In 1993 he was a co-founding partner of Long-Term Capital Management, and in 2011 he founded Elm Wealth to help clients, including his own family, manage and preserve their wealth.

October 16, 2023 — In Episode 16 of The Investing Show, we feature an insightful interview with Victor Haghani, a former hedge fund manager who has transitioned from complex investment strategies to a simpler approach. Video courtesy of The Investing Show.

September 14, 2023 — If the wealthiest families of the past century spent a reasonable amount of their wealth, invested in the stock market, and paid taxes, there would be thousands of billionaires today. But there aren’t. So, what happened? To answer this question, we are joined by authors and finance professionals, Victor Haghani and James White.

June 21, 2023 — One of our favorite authors and speakers, Harvard's John Y. Campbell, recently appeared on the The Rational Reminder Podcast to discuss a wealth of finance and investment topics.

March 30, 2023 — Victor was recently a guest on Larry Bernstein's What Happens Next in 6 Minutes podcast along with their friend and colleague, Myron Scholes.

May 4, 2022 — Victor was recently featured on MoneyTree's podcast with host Kirk Chisholm, which focuses on providing education and information for investors.

February 8, 2022 — Shiller's CAPE ratio is currently higher than it's been for 98% of the past 120 years - that said, it doesn't tell us everything on its own.

June 1, 2021 — Victor was recently a guest on Bloomberg's Trillions podcast, discussing everything from his experience in the industry to Elm's expansion.

December 15, 2016 — Victor recently joined Joe Weisenthal and Tracy Alloway on Bloomberg’s Odd Lots podcast to discuss mathematics in investing.