S&P 500, every mention
36 scenes (2017) · ← back to S&P 500
tap a year for its mentions
every year 2017 anyone Ted Seides 67Patrick O'Shaughnessy 44Eric Peters 16Jeremy Grantham 10Michael Mauboussin 9Jim Dunn 8Ed Grefenstette 8Dan Ariely 8Josh Brown 7Tom Lydon 6
Verbatim, from the transcripts: the passages where S&P 500 comes up
Deep Dive into Hedge Funds (Capital Allocators, EP.34)
- ▶ 16:54 Ted Seides But at a five percent short-term interest rate, someone goes long the S&P and short the S&P, and they make about four percent.
- ▶ 31:45 Patrick O'Shaughnessy And yet, the fees in aggregate charged by hedge funds, I don't know what exactly they are, maybe, maybe you have a better, better idea, but they're high, obviously, relative to an S&P 500 index fund.
- ▶ 40:05 Patrick O'Shaughnessy So if you're running a, you know, closet index fund and you're 30% or 70% overlapped with the S&P, the fee that's being charged on the active portion is a lot higher than it looks at the stated management fee level. 2 times in the scene
- ▶ 1:09:27 Patrick O'Shaughnessy We might have, you know, we might be the first investor in, in John Paulson's, um, fund that goes up an unbelievable amount, but the odds suggest that the, this as a group, our allocation as a group is just not going to be able to out earn…
Meredith Jenkins – A Path to Trinity (Capital Allocators, EP.31)
- ▶ 48:55 Ted Seides Hedge fund returns gross of fees versus the S&P 500 for the next 10 years. 2 times in the scene
Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
- ▶ 25:05 Scott Malpass I mean, if you, if you look at the top five market cap companies in the S and P today versus 20 years ago, I mean, it's completely different, right?
- ▶ 29:06 Ted Seides S&P.
Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
- ▶ 24:05 Jim Dunn Not bet the future of Wake Forest on the S&P.
- ▶ 26:21 Jim Dunn The S&P.
- ▶ 32:20 Jim Dunn So we end up finding our, we're doing more emerging markets, more frontier markets, and it's worked fine recently, but for the last eight years, if you weren't in the S&P, you weren't doing well. 4 times in the scene
- ▶ 39:09 Jim Dunn It's easy to buy the S and P ETF.
Adam Blitz – Inside Hedge Fund Allocation (Capital Allocators, EP.17)
- ▶ 18:03 Adam Blitz Certainly, if the S&P is down 10% in a month, that manager is very likely to be down fairly significantly. 2 times in the scene
- ▶ 50:07 Adam Blitz I think the realized volatility S and P in the last couple of months has been something like.
Thomas Russo – Buy and Hold...and Then What (Capital Allocators, EP.16)
- ▶ 4:43 Ted Seides His first partnership started there, Sempervic Partners, has compounded at 14.6% a year for 33 years, besting the S&P 500 by 3.6% annually.
- ▶ 37:05 Tom Russo Where, where they lose that mindset of patience, if I, for example, in 1999, I was down two percent, and the, the Dow and the S&P were both up mid-twenties. 2 times in the scene
Chris Douvos – Venture Capital's Super LP (Capital Allocators, EP.14)
- ▶ 51:40 Ted Seides Uh, Mike Mobison said something not too long ago that if you looked back 10 or 15 years ago and you wanted to get exposure to the U.S. economy, you would invest in the S&P 500 and you invest in venture capital.
Jeffrey Solomon – Vision, Tenacity, and Empathy (Capital Allocators, EP.09)
- ▶ 17:21 Jeffrey Solomon If the S&P vol was 14, we were like, hey, we're two, a two vol.
- ▶ 18:17 Ted Seides You have an S&P 500 that's had a big run. 2 times in the scene
Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
- ▶ 24:30 Ted Seides We've just had a huge run in the S and P, which is not the only index, but it's certainly the one that most people that are less informed rush into valuation seems high.
- ▶ 41:51 Ted Seides And you talked about long-term investing and playing a different game than most of the people are playing, but the, the S&P 500 index fund is playing that game too. 2 times in the scene
Jennifer Heller – Thinking it Through (Capital Allocators, EP.07)
- ▶ 35:45 Ted Seides It's been very hard for anyone to know that you should have owned Google and Facebook and Amazon, and if you didn't, you're probably going to underperform the S&P.
Josh Brown – When Witchcraft Failed (Capital Allocators, EP.06)
- ▶ 36:17 Josh Brown There's like this whole stigma about, so, by the way, this is the first time in a long time, and only the third time in history, that international stocks have been outperformed by the S&P by a hundred percent.
- ▶ 45:12 Josh Brown We had an earnings recession in the, in the S&P 500. 6 times in the scene
The Bet with Buffett (Capital Allocators, EP.05)
- ▶ 4:37 Ted Seides As you probably know, about nine and a half years ago, I made a bet with a certain oracle in Omaha that pitted the performance of a group of five hedge fund funds against the S&P
- ▶ 13:50 Patrick O'Shaughnessy And I think that the, the simple, easy headline is, you know, the S&P 500 beat hedge funds. 5 times in the scene
- ▶ 19:21 Ted Seides So you had a group of hedge funds, and we can talk about the merits of hedge funds and what I thought that would be, and then you had the S&P 500, and those are two different things. 8 times in the scene
- ▶ 20:44 Patrick O'Shaughnessy Let's, let's unpack the kind of item by item, the differences in exposures between, uh, the basket of fund to funds and the S&P 500. 8 times in the scene
- ▶ 23:41 Patrick O'Shaughnessy Again, back to your, one of the original kind of key things you felt you had in your pocket when you made the bet was that the S&P was expensive. 3 times in the scene
- ▶ 27:20 Ted Seides Do I think that low cost approach to investing by definition should be the S&P 500? 5 times in the scene
- ▶ 40:18 Ted Seides And it's not as simple as here's the S and P here's hedge funds.
- ▶ 41:36 Patrick O'Shaughnessy I think on Sharpe ratio, it still would have been the S&P.
- ▶ 46:56 Patrick O'Shaughnessy So part of your success or lack of success is going to be, do you choose the S&P, or do you choose the MSCI ACQUI? 7 times in the scene
- ▶ 51:06 Patrick O'Shaughnessy Meaning, if you kind of, if you put the S&P next to all the credit that's out there, all the global stocks that are out there going down the list, it becomes, as you put it in your note, it becomes an active choice just to pick the S&P. 8 times in the scene
- ▶ 56:58 Patrick O'Shaughnessy You know, what, what if, what if the bet was, well, okay, if I think the S&P is expensive, then I'm just going to go 50% S&P, 50% cash instead of, you know, hedge funds, which might give me an exposure like that from a beta standpoint.
- ▶ 1:08:31 Patrick O'Shaughnessy There's a bonus question that bears a quick discussion on, which is this idea of, uh, the S&P 500 time weighted return, assuming somebody bought at the beginning of the bet and held on, uh, through 2008, never made another trade and still… 7 times in the scene
Tom Lenehan – Perpetual Thinking at Rockefeller University (Capital Allocators, EP.04)
- ▶ 48:05 Tom Lenehan It doesn't have to be S&P 500, just because that's kind of one of the main metrics we look at. 2 times in the scene