S&P, every mention
34 scenes (2018), the whole family · ← back to S&P
tap a year for its mentions
every year 2018 anyone Ted Seides 67Patrick O'Shaughnessy 44Eric Peters 16Jeremy Grantham 10Michael Mauboussin 9Jim Dunn 8Ed Grefenstette 8Dan Ariely 8Josh Brown 7Ari Paul 7
Verbatim, from the transcripts: the passages where S&P comes up
Tim McCusker – Consistency and Creativity as CIO at NEPC (Capital Allocators, EP. 80)
- ▶ 48:15 Tim McCusker If we own the S&P 500, if we've got the FAANG stocks in our portfolio, they're spending a lot of research dollars on it.
Mark Baumgartner – Luck, Risk and Uncertainty at the Institute for Advanced Study (Capital Allocators, EP.77)
- ▶ 29:52 Mark Baumgartner I don't think anybody expected earnings on the S&P to be above a 150 bucks a share at this point, but buybacks, and it's just been a fantastic environment, a fantastic outcome, but
Karl Scheer – Competing Sensibly as CIO of the University of Cincinnati (EP.74)
- ▶ 45:14 Karl Scheer S&P 500 is a great place just to accept the return of the marketplace and strive for excess returns elsewhere. 2 times in the scene
Andrew Tsai – Catching a Theme on the Chalkstream (EP.73)
- ▶ 7:33 Andrew Tsai And that was in the pits, the S&P 500 option pits.
- ▶ 56:14 Andrew Tsai 0.1 beta or so to the S and P over the last five, six years.
- ▶ 57:45 Andrew Tsai If you're in the hedge fund industry, private equity industry, you have beta, DS&P.
Michael Batnick - The Best Investors and Their Biggest Mistakes (Capital Allocators, EP.71)
- ▶ 15:06 Michael Batnick Though, the part about Buffett putting 90% of his money in the S&P 500 index, well, that really resonated with me.
Sarah Williamson – Focusing Capital on the Long-Term (Capital Allocators, EP.67)
- ▶ 33:56 Ted Seides But you know that BlackRock's S&P, 500 index fund is going to own Amazon 25 years from now, with near certainty.
Charley Ellis - Indexing and Its Alternatives (EP.62)
- ▶ 26:40 Charlie Ellis You can do the total US market, or you can do the S&P, or whatever generic broad base you want.
Anthony Scaramucci – It's Called a Mooch (Capital Allocators, EP.60)
- ▶ 17:58 Anthony Scaramucci I mean, I don't even know where I think the, uh, S&P was six 70, something like that.
Tom Lydon – ETF Trends (Capital Allocators, EP.56)
- ▶ 9:33 Tom Lydon Basically, you wanted to make sure that it was highly correlated to the S and P 500.
- ▶ 14:27 Tom Lydon So, uh, in 1993, Jim Ross, a good friend of mine at State Street, and a crew put together the first ETF, SPY, the S&P 500 ETF, merely as another way for liquidity for big clients that wanted
- ▶ 31:41 Tom Lydon So you think about all the S&P, 500 indexes that are out there and ETFs that wrap around them. 4 times in the scene
John Pfeffer - Crypto for Institutions (Capital Allocators, EP.54)
- ▶ 45:36 John Pfeffer I look at each individual one as where the opportunity cost for me is investing less in an LBO fund, or in the S&P, or the Euro stocks, or whatever.
Michael Cembalest – Eye on the Market (Capital Allocators, EP.49)
- ▶ 56:24 Michael Cembalest The entirety of the S&P hundred and the Russell 1000 and the NASDAQ, but it's, it's okay.
Chris Brockmeyer – On Broadway (Capital Allocators, EP.47)
- ▶ 22:58 Chris Brockmeyer So, you know, obviously not nearly as bad as the S and P because we had fixed income diversification, but we felt, we suddenly realized there was not safety to be had in the fixed income arena.
Andy Redleaf - Evolution of Markets (Capital Allocators, EP.46)
- ▶ 17:28 Andy Redleaf You know, an institutional investor could buy the S&P, 500, or, or short it if he, he wanted to.
Wayne Wicker - Managing for Millions who Matter (Capital Allocators, EP.44)
- ▶ 13:46 Wayne Wicker So we made a decision because we felt that the spread between the 30 year treasury and the S&P was wide enough that our model was suggesting we go full on into treasuries at that time.
- ▶ 54:42 Wayne Wicker Maybe this is where the active bias, ah, in certain situations comes into place, where I think that the general consensus for, you know, a S&P 500 mandate is go passive. 2 times in the scene
Basil Qunibi - Moneyball for Allocators (Capital Allocators, EP.42)
- ▶ 22:27 Basil Qunibi There was really very little chance that you were going to generate substantial alpha over the S&P, right?
Rick Selvala - Harvesting Volatility (Capital Allocators, EP.41)
- ▶ 22:13 Ted Seides Warren Buffett and Berkshire Hathaway, right, who coined derivatives as weapons of financial mass destruction, and around that same time, around the financial crisis, he sold long-dated puts, I guess, on the S&P. 4 times in the scene
- ▶ 30:23 Rick Selvala Finding someone who's really good at stock picking, you know, bottom up research, et cetera, and then use S&P index options as more of the macro bet around, you know, macro hedge around.
- ▶ 40:00 Rick Selvala But what I, I guess I'd start with, you know, we've had a market, the S&P, which, you know, hadn't had a five percent pullback in 2 times in the scene
- ▶ 43:35 Rick Selvala We only trade options on the S and P 500. 2 times in the scene
- ▶ 49:22 Rick Selvala Unlimited, and, um, try to be long, vague, but also earning theta at the same time, and, and just be more opportunistic, and, and take what, what's being handed to us, all in the name of beating the S&P over time, but in a completely…
Seth Masters – Investment Polymath (Capital Allocators, EP.38)
- ▶ 26:41 Seth Masters Does it matter if you did one percent better than the S&P this year? 5 times in the scene
Bill Spitz – Seasoned Commodore (Capital Allocators, EP.37)
- ▶ 21:42 Ted Seides How do you work with a client and keep them a pace at a strategy that clearly isn't keeping up with the S&P 500 over a long period of time where if that is their benchmark, you're underperforming?
- ▶ 41:41 Ted Seides There's a gentleman in Omaha that says, just buy the S&P, 500, everything will be fine.
Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
- ▶ 19:08 Michael Mauboussin Because if you have a fiduciary responsibility, and you put someone into a product that competes with the S&P, and they do substantially worse, you don't want to expose yourself to any sort of liability in that regard.
- ▶ 26:46 Ted Seides Now, most of these studies that we cite are all relative to the S&P and it's focused on the US. 2 times in the scene
- ▶ 43:13 Michael Mauboussin And, you know, I saw an interesting chart the other day and went back probably 50 years, but looked at the average volatility for the S&P 500 and the average basis point change in the 10 year treasury note. 4 times in the scene
- ▶ 44:40 Michael Mauboussin Most of the volume, for example, in ETFs would be things like the SPDR, which is the S&P, and there's just not, there's unlikely to be a big issue there, but as you point out, we've had this massive proliferation, and especially into…
Margaret Chen – Leadership and Outsourcing the Investment Office (Capital Allocators, EP.35)
- ▶ 15:39 Margaret Chen Why don't we have 80% of the S and P?
- ▶ 30:47 Ted Seides You know, the S&P is plenty diversified. 4 times in the scene