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Guiding Assets


Formerly Take 15, Guiding Assets is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Guiding Assets will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals. The show will also share crucial insights and best practices to help guide investors to make smart, ethical decisions. Guiding Assets will continue to help build a better world for investors.

Host: Mike Wallberg, CFA

Producer: Mitchell Forst 

Apr 14, 2021

Michael Falk, CFA, a partner at the Focus Consulting, applies the lessons he learned as a competitive baseball pitcher to investment teams and discusses the importance of creating a sell discipline for losers and winners in an investment portfolio, his many writing projects, and living with ALS, or Lou Gehrig's disease.
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►Transcript: https://cfainst.is/3loZLxT

►Email us for comments, questions, or appearance requests:Take15podcast@cfainstitute.org
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Topics discussed:
2:10 Michael’s love for baseball and lessons to learn from the sport
4:33 Becoming a better listener
8:05 Sell discipline
11:11 When to retire and succession planning
15:17 Michael’s article, Everything You Want to Know About Investing
18:30 Michael’s new paper on stakeholder capitalism
21:25 Bitcoin: how should investors be thinking about cryptocurrencies
25:30 Michael’s thoughts on blockchain technology
27:28 Michael’s clinical trial
34:28 Embracing vulnerability
38:08 Flight or invisibility?

Related articles and links:

Everything You Need to Know About Investing
https://www.iwmonitordigital.com/iwmonitor/november_december_2020/MobilePagedArticle.action?articleId=1652473&app=false&cmsId=3881786#articleId1652473

Crypto Dreamin’? The Good, the Bad, and the Ugly
https://blogs.cfainstitute.org/investor/2020/06/16/crypto-dreamin-the-good-the-bad-and-the-ugly/

Michael S. Falk, CFA, on Safety Nets, Trampolines, and Opportunity Equality
https://blogs.cfainstitute.org/investor/2020/09/15/michael-s-falk-cfa-on-safety-nets-trampolines-and-opportunity-equality/

Drug May Extend A.L.S. Patients’ Lives by Several Months, Study Finds https://www.nytimes.com/2020/10/16/health/ALS-treatment.html

Brené Brown’s TED talk, The Power of Vulnerability https://www.youtube.com/watch?app=desktop&v=iCvmsMzlF7o

John Hodgman on This American Life ep.178
https://www.thisamericanlife.org/178/superpowers/act-one-0

HBR video “Five Whys”
https://hbr.org/video/2189146765001/5-whys

HBR article The Contradictions That Drive Toyota’s Success
https://hbr.org/2008/06/the-contradictions-that-drive-toyotas-success

This American Life ep. 178: Invisible Man Vs. Hawkman

CFA Institute members and charterholders Professional Learning Tracker https://cpd.cfainstitute.org/

Find Michael here:
LinkedIn: https://www.linkedin.com/in/mlfalk/
Twitter: https://twitter.com/msfalk?lang=en


Find Lauren here:
LinkedIn: https://www.linkedin.com/in/lauren- foster/
Twitter: https://twitter.com/laurenfosternyc

Connect with the Research Foundation:
RF Showcase page: https://lnkd.in/e66zSKD
Download and share RF content (free to all): https://lnkd.in/emhTTi5