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Take 15 Podcast


The Take 15 Podcast Presented By CFA Institute is a popular audio interview series defined by illuminating, short conversations with noted economists, best-selling authors, leading researchers, and successful practitioners on topics ranging from geopolitics and cryptocurrencies to irrationality and outlooks.

Download now, listen later and reflect at length.

Show Host: Lauren Foster

Producer: Mitchell Forst 

Jun 30, 2021

Sébastien Page, CFA, head of the Global Multi-Asset division at T. Rowe Price and author of “Beyond Diversification,” discusses the importance of asset allocation and diversification, why investors should go beyond diversification, and whether the 60/40 portfolio is dead.

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📃 Transcript

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Episode Breakdown:
1:43 Why Sébastien decided to write the book, “Beyond Diversification”
4:44 The motivation behind giving all proceeds from the book to the T. Rowe Price Foundation
5:45 Key themes that both advisors and investors can learn from the book
7:33 Why should investors go beyond diversification, and what wrong with diversification?
10:56 How can investors determine stock-bond mix?
14:13 Is the 60/40 portfolio alive or dead?
22:39 Are we paying enough attention to fat tails?
26:36 Sébastien’s tactical views on capital markets?
32:01 Sébastien’s LinkedIn view of teaching his daughter the basics of investing
34:40 Closing questions:
One positive, long-lasting change that Sébastien hopes to see as a result of the COVID-19 pandemic
One item Sébastien would take with him on a long-duration space flight
Flight vs. invisibility? Which do you pick, and what do you do with your superpower?
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Related articles and links:
Book: Beyond Diversification
Kiplinger
PIMCO
Forbes
Morningstar
LinkedIn post
Sébastien’s LinkedIn video with his daughter
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Find Sébastien here:

LinkedIn

Find Lauren here:

LinkedIn
Twitter