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Larry Swedroe Podcasts

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32 of The Best Podcast Episodes for Larry Swedroe. A collection of podcasts episodes with or about Larry Swedroe, often where they are interviewed.

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32 of The Best Podcast Episodes for Larry Swedroe. A collection of podcasts episodes with or about Larry Swedroe, often where they are interviewed.

Updated daily with the latest episodes

Best weekly hand curated episodes for learning

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Larry Swedroe: 'The Pool of Victims' Is Expanding

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Our guest this week is noted author and researcher Larry Swedroe. Larry is chief research officer at financial advisory firm Buckingham Wealth Partners, which he joined in 1996. In his role, Larry is responsible for reviewing academic research on financial and investing matters and determining how that research should inform Buckingham's investment strategy. Larry is also a member of the firm's Investment Policy Committee. Larry has written numerous books on investing and finance, the most recent being the second edition of The Incredible Shrinking Alpha, which he coauthored with Andrew Berkin. His work has also been published in various academic journals, including the Journal of Investing. Larry began his career as a risk manager at Citicorp and later at Prudential Home Mortgage. He received his bachelor's in finance from Baruch College in New York and his MBA in finance and investment from New York University.



Larry Swedroe’s books

Investment Strategies/Factor Investing

Swedroe: A Five-Factor Evaluation,” by Larry Swedroe, Yahoo.com, Sept. 25, 2017.

Swedroe: Factor Persistence & Diversification,” by Larry Swedroe, ETF.com, May 8, 2017.

Swedroe: Simple Factor Investing,” by Larry Swedroe, ETF.com, Sept. 10, 2018.

Swedroe: 3 Factor Investing Myths,” by Larry Swedroe, ETF.com, Feb. 13, 2019.

Swedroe: Virtues of a Long/Short Strategy,” by Larry Swedroe, ETF.com, Aug. 14, 2015

Factors in Commodity Returns,” by Larry Swedroe, seekingalpha.com, Sept. 9, 2020.

Swedroe: Understanding Risk & Return,” by Larry Swedroe, ETF.com, Nov. 7, 2018.

Larry Swedroe: Risk Warrior in Action,” by Janet Levaux, thinkadvisor.com, March 26, 2019.

An Investment Strategy That Reduces the Risk of Black Swans,” by Robert Powell, thestreet.com, March 27, 2019.

Value and Momentum Everywhere,” by Clifford S. Asness, Tobias J. Moskowitz, and Lasse Heje Pedersen, The Journal of Finance, Vol. LXVIII, No. 3, June 2013.

Profitability, Investment and Average Return,” by Eugene F. Fama and Kenneth R. French, Journal of Financial Economics, July 28, 2006.

The Other Side of Value: The Gross Profitability Premium,” by Robert Novy-Marx, National Bureau of Economic Research, April 2010.

The Simple Explanation for Value’s Underperformance,” by Larry Swedroe, evidenceinvestor.com, Jan. 3, 2020.

Even Great Investments Experience Massive Drawdowns,” by Larry Swedroe, alphaarchitect.com, Aug. 20, 2020.

Swedroe: Small Value Lags for 15 Years,” by Larry Swedroe, ETF.com, Feb. 20, 2019.

Passive Investing Without Indexes,” by Larry Swedroe, ETF.com, April 13, 2016.

A Comparison of Passively Managed, Small-Value Funds,” by Larry Swedroe, advisorperspective.com, March 10, 2020.

Fixed Income

Swedroe: Factors in Fixed Income,” by Larry Swedroe, ETF.com, May 4, 2018.

Swedroe: Consider Factors in Fixed Income,” by Larry Swedroe, ETF.com, June 27, 2016.

Swedroe: Why Chasing Yield Fails,” by Larry Swedroe, ETF.com, Dec. 26, 2018.

Swedroe: High-Yield Rewards Underwhelming,” by Larry Swedroe, ETF.com, Dec. 30, 2015.

Retirement Planning

Sequence Risk Is a Big Threat to Retirees,” by Larry Swedroe, evidenceinvestor.com, Oct. 18, 2019.

8 Retirement Planning Mistakes to Avoid,” by Larry Swedroe and Kevin Grogan, nextavenue.org, Jan. 8, 2019.

Safe Withdrawal Rate: Is 3 Percent the new 4 Percent?” by Larry Swedroe, cbsnews.com, Oct. 4, 2013.

Do you Choose a Declining or Rising Equity Strategy in Retirement?” by Larry Swedroe, buckinghamadvisor.com, July 22, 2016.

ESG Investing

Swedroe: ESG Strategy Performance,” by Larry Swedroe, ETF.com, April 10, 2019.

The Risk and Return Implications of ESG,” by Larry Swedroe, buckinghamadvisor.com, May 29, 2018.

How ESG Makes Companies Better,” by Larry Swedroe, advisorperspectives.com, June 16, 2020.

Determining the Nature of ESG Returns,” by Larry Swedroe, thebamalliance.com, Sept. 6, 2018.

Nov 18 2020 · 53mins
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Shrinking Alpha with Larry Swedroe

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On this show, we talked about the demise of active investing, the reasons why it’s happened, how fintech can be dangerous to our financial situation, and how to be thinking about the future with Larry Swedroe, Chief Research Officer at Buckingham Wealth Partners, author, teacher and speaker.  Listen to learn the impact our increasing debt will have on your economy and way of life! 

You can learn more about Larry at BuckinghamAdvisor.com, Twitter, Facebook and LinkedIn.

We’re honored to have been named one of the top podcasts from investing!

We’re on YouTube, check us out!

George is honored to be included on Investopedia's list of the Top 100 Financial Advisors for 2019!

Have George speak to your organization.

You can learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.

Nov 02 2020 · 28mins

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181: Evidence-Based Investing with Larry Swedroe

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Practicing evidence-based medicine is important to physicians, looking at data and changing our practice according to it. Our guest in this episode, Larry Swedroe, has been a proponent of evidence-based investing for a long-time. His teachings have affected me over the years and certainly affected my portfolio construction. In this interview we talk about the limited data set in finance in comparison to other more scientific fields and how much we can rely on that retrospective data going forward. We discuss portfolio construction, alternative asset classes, recommended strategies for spending down assets in retirement, and investment mistakes smart investors make. Are you a smart investor? Find out in today’s episode. 

This podcast is sponsored by Bob Bhayani at drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage to make sure it meets your needs or if you just haven’t gotten around to getting this critical insurance in place, contact Bob at drdisabilityquotes.com today by email info@drdisabilityquotes.com or by calling (973) 771-9100.

Oct 22 2020 · 1hr 8mins
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Shrinking Alpha: Larry Swedroe on alpha and value with Tobias Carlisle on The Acquirers Podcast

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Larry E. Swedroe is director of research for Buckingham and the BAM ALLIANCE. Larry holds an MBA in finance and investment from New York University and a bachelor's degree in finance from Baruch College. 

The book: https://amzn.to/3mk1epd

Twitter: https://twitter.com/larryswedroe

Website: https://www.buckinghamwealthpartners.com/


Hi, I'm Tobias Carlisle. I've launched a new podcast called The Acquirers Podcast.

The podcast is about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.

We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.






Firm: https://acquirersfunds.com/

Website: https://acquirersmultiple.com/

Twitter: https://twitter.com/Greenbackd

LinkedIn: https://www.linkedin.com/in/tobycarlisle

Facebook: https://www.facebook.com/tobiascarlisle

Instagram: https://www.instagram.com/tobias_carlisle


Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®.

He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public comp

Sep 21 2020 · 1hr 2mins
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Who Cares About Alpha Anyway? Winning Without Picking Winners With Larry Swedroe

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Larry Swedroe has established himself as a voice of financial reason and one of the world's foremost proponents of evidence-based investing over nearly five decades managing money. His recently updated and expanded best-seller, The Incredible Shrinking Alpha: How to be a successful investor without picking winners, is a well-timed continuation of the argument he's been making for decades: Investors need not do anything spectacular to succeed. Rather than search for alpha, that ever-elusive holy grail of investing, investors are better off seeking beta, creating risk-adjusted return streams that offer the best chance at reaching their goals.

Show Notes

  • 3:30 - What would you say to investors who think the high volatility of February and March is behind us?
  • 7:45 - Where has all the alpha gone?
  • 11:00 - Other reasons alpha is harder and harder to find
  • 14:30 - An increasingly tough competitive environment
  • 21:30 - What about Warren Buffett? Confusing beta for alpha
  • 31:30 - Alpha vs. beta: More than semantics?
  • 34:30 - What do Larry mean by "passive management"?
  • 42:00 - Price discovery impeded: Is there such a thing as too much index investing?
  • 55:00 - Why do so many investors continue to put their money into more expensive actively-managed strategies, despite the lack of evidence of persistent outperformance?
  • 61:00 - Practical portfolio construction: How do you narrow down the vast universe of available passively managed funds?
  • 78:30 - How important is it to stick with a single fund family across an entire portfolio?
  • 83:30 - Recommendations regarding rebalancing and taxes?

Learn more about your ad choices. Visit megaphone.fm/adchoices

Sep 02 2020 · 1hr 33mins
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Larry Swedroe – Factors & Retirement (EP.70)

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Phil is joined by Larry Swedroe to talk about factor investing and Larry’s new book, Your Complete Guide to a Successful and Secure Retirement. The conversation highlights include:

  • How Larry got exposure early in his career
  • 600 factors identified beyond Fama French
  • Popularity versus crowding effects in ESG and Low Vol factors
  • Larry’s Rubber Band Theory and how it relates to the value factor
  • The Lottery Effect and its impact on the Size Factor
  • Planning for retirement & Larry’s new book
Feb 03 2020 · 27mins
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Larry Swedroe: Strategic Wealth

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The thirty-fifth NewRetirement podcast. This time, Steve Chen is joined by guest Larry Swedroe —director of research for Buckingham Strategic Wealth — and discusses his new book and what he's learned helping people plan for their future over his 20 plus year career in financial services and wealth management.

Recording, editing done by Davorin Robison.

© 2020 NewRetirement Inc.

Jan 23 2020 · 1hr 7mins
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The Best Investment Writing Volume 3: Larry Swedroe – Investment Strategy in an Uncertain World

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Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it.

This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format.

You’ll hear from some of the most respected money managers and investment researchers all over the world.

Enough from me, let’s let Larry take over this special episode.

Nov 04 2019 · 28mins
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Episode 012: Larry Swedroe, host Rick Ferri

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Larry Swedroe is a principal and Chief Research Officer of Buckingham Strategic Wealth, a 17 billion dollar wealth management company headquartered in St. Louis, MO. Since joining the firm in 1996, Larry Swedroe has spent his time, talent and energy educating investors on the elements of investing with an enthusiasm few can match.

Larry has published 17 books that explain investing in layman’s terms. His first book, “The Only Guide to a Winning Investment Strategy You’ll Ever Need” is in its second edition. He has since authored sixteen more books including, “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011) and “Think, Act, and Invest Like Warren Buffett” (2012), and his latest book, "Your Complete Guide to a Successful & Secure Retirement" (2019), which is a focus of this podcast. 

Previously, Larry was Vice-Chairman of Prudential Home Mortgage, the nation’s second-largest home mortgage lender. He has held positions at Citicorp as Senior Vice-President and Regional Treasurer, responsible for treasury, foreign exchange and investment banking activities, including risk management strategies.

Larry has an MBA in Finance and Investment from NYU, and a BA in Finance from Baruch College. 

This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance and relevant information to other investors of all experience levels at no cost.

The organization's free website is Bogleheads.org, and the wiki site is Bogleheads® wiki. Bogleheads sites are operated by volunteers who contribute time and talent. Donations help defray operating costs.

Since 2000, the Bogleheads' have held national conferences in major cities around the country and currently meet in Philadelphia in the autumn of each year. There are dozens of Local Chapters in the US and several Foreign Chapters that also meet regularly.

This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012.

Aug 02 2019 · 1hr 1min
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Larry Swedroe: Factors for the Long Run (EP.02)

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When asked about his past, what Larry Swedroe really wanted was to work with the New York Yankees. That dream died when CBS sold the Yankees to George Steinbrenner on January 4th, 1973.

But another door opened at the same time that would forever change the trajectory of Larry’s life. As CBS was selling the Yankees, the collapse of the Bretton Woods Agreement had unleashed a maelstrom of volatility in the foreign exchange markets, which caused a great deal of trouble for US corporations with foreign operations. Corporate Treasury departments were rudderless and needed people with brand new skill sets to manage the new world order.

Larry was in the right place at the right time. He learned fast, and over the decade following the collapse of Bretton Woods he led some of the largest Treasury and FX operations in the world while managing their FX risk with completely novel instruments like currency and interest rate swaps. Then he moved on to mortgages and was one of the progenitors of the multi-trillion dollar securitized mortgage business. 

By the mid 1990s Larry was ready to retire from finance and settle into a university teaching gig. But, he was approached by a group of planners starting an RIA firm and invited to spearhead the investment side of the business. Fama and French had published their seminal paper on the Cross-Section of Stock Returns in 1993 and by 1995 David Booth had launched an asset management firm to commercialize their ideas – Dimensional Fund Advisors.

With the courage and confidence earned from cutting his teeth at the vanguard of two major financial industry innovations, Larry had the conviction to embrace the academically backed “factor” approach from the outset. Over the next couple of decades Larry would go on to write over a dozen books making the case for a disciplined, academic approach to investing. And his firm would grow into one of the largest independent advisory firms in the country.

Larry is obsessed with academic finance. We talked at length about the factor zoo and he described the process he uses to identify the factors that are most likely to continue to produce strong excess returns in the decades to come.

The low beta factor came under scrutiny with Larry expressing a healthy skepticism. He observed that low beta returns have been regime dependent with low beta outperforming when it loads on value characteristics but underperforming when it loads on growth characteristics. The low beta factor portfolio currently loads on growth characteristics. Larry prefers to own quality in value stocks and lower portfolio beta by lowering total equity exposure.

In this episode, ReSolve’s CIO Adam Butler and Larry discuss the pitfalls of single factor strategies because they often load negatively on other premia. Larry shared his story of discussing how to introduce momentum into the DFA value oriented portfolios. He describes how they conceded by holding onto value companies that had moved out of the typical value range so long as they were exhibiting positive momentum. This has been a substantial contributor to DFA’s performance in many products since it was introduced.

It is often the case that “value” strategies are short momentum stocks or quality stocks and vice versa. Larry describes ways in which thoughtful portfolio construction can lead to much more effective long-term performance.

Larry emphasized how important it is to stay up on the literature because the structure of the markets, and our understanding of them, change over time. He uses the example of “book to market” as the classic value screen, but how this metric has become less useful over time as developed economies moved from a mostly industrial base to a service orientation. Today, so much of the value of companies is in brand names and technologies, which aren’t recognized on the balance sheet. He presents a highly counterintuitive case of companies that would have traditionally been considered unattractive but that have outperformed the market by a wide margin.

This conversation turned to how factor strategies performed in 2018 – a “diversification catastrophe”. Larry highlights a common conversation that he’s been having with clients who have been protesting that they don’t have decades for their portfolio to produce the long-term benefits of diversification. He points out why this type of thinking is exactly backwards and presents some shocking material demonstrating just how risky it is to put all of your eggs in the “equity” basket.

Larry believes investing should be founded on three core principals. But I’ll let him explain what they are and why they are so important.

This conversation with Larry is a treasure trove of practical realities about markets and investing. Highly recommended.

May 10 2019 · 48mins