Videos

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 8, 2024 — Author Victor Haghani discusses key elements of successful wealth building and asks "Where are the Missing Billionaires?" with Christine Benz. Video courtesy of Bogleheads.

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

December 5, 2024 — President-elect Donald Trump’s pick of a crypto proponent to be the next head of the US securities regulator lifted Bitcoin to $100,000 for the first time. French assets rebounded slightly as investors debated the implications of the ousting of Michel Barnier’s government. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to

November 20, 2024 — Welcome to the latest of Elm's online webinars, featuring Victor Haghani, James White, Jerry Bell, and Mike Fothergill. In this video, we'll delve into Elm's investment philosophies and address questions from participants, focusing mostly on dynamic index investing strategies, insights into Elm's approach to portfolio management and market analysis.

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

March 8, 2024 — Victor Haghani, Founder of Elm Wealth, discussed his recent book, The Missing Billionaires: A Guide to Better Financial Decisions with students in November. This lecture discusses the importance of the "how much" question in finance: consider how much to invest rather than just what to invest in. Our coin-flipping experiment - in which participants could place bets on a biased coin that has a 60% chance of coming up heads - highlights how many potential

December 11, 2023 — Why are there not more billionaires today? That is the provocative question posed by the new book The Missing Billionaires: A Guide to Better Financial Decisions by Victor Haghani and James White. According to the book, there were enough US millionaires in the year 1900 to have generated as many as 16,000 billionaires today. In fact, it is hard to identify any billionaires today whose fortune traces back to before the 20th century. Video courtesy

October 31, 2023 — The Missing Billionaires by Victor Haghani and James White explains what happened to the wealth of prior financial titans. Discover investing secrets from the Missing Billionaires, and how you can benefit.

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 22, 2023 — Victor Haghani, Elm Partners Management CIO and founder, talks about the collapse of his firm, Long-Term Capital Management in 1998. LTCM was recapitalized by the New York Fed. Haghani talks about the lessons learned from this process on Bloomberg Markets: European Close. Video courtesy of Bloomberg TV.

March 12, 2018 — In this video: Robin Powell, the Evidence-Based Investor, in his “journey to uncover the truth behind investing” interviews Victor.

January 6, 2017 — In this TEDx talk, Victor explores why the use of a pre-defined stop-loss can be valuable, and how such an approach can reduce losses and generate profits.

April 19, 2016 — Victor sat down with Raoul Pal, 25-year market veteran and founder of RealVisionTV to discuss his career, his thoughts on investing, and how Elm came to be.

January 5, 2016 — We’re often asked why Elm Partners’ US office is in Wyoming - after watching this short video, shot by my son, the answer should be obvious.

August 21, 2015 — In this video, we’ll discuss the five perspectives on stock market risk – and, more importantly, which is the most relevant for your investing objectives.

August 11, 2015 — In this short talk, we’ll show you how to compute the most important number that's missing from the Wall Street Journal for yourself.

March 8, 2013 — In this TEDx talk, we detail the basics of Dynamic Index Investing® and how it combines the best features index funds and active management.