Verdad Advisers

5 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Feb 17, 2020 by Dan Rasmussen · said 9 times in 1 episodes since 2020 · across every show →

Mentions by year

brought up most by Ted Seides (6), Dan Rasmussen (3)

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2020 9 mentions in 1 episode

Dan Rasmussen – Private Equity Risk and Public Equity Opportunity at Verdad Advisers (First Meeting, EP.15) Feb 17, 2020 · 9 mentions · from 4:11
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Everything said about Verdad Advisers, oldest first

Feb 17, 2020 positive

Assertion Not checkable as stated

Simple quantitative models have 8x the statistical power during recessions

“Simple quantitative models tend to have about eight times the level of statistical power during recessions than during times of economic growth.”

Dan Rasmussen Feb 17, 2020 ▶ 53:04 Dan Rasmussen – Private Equity Risk and Public Equity Opportunity at Verdad Advisers (First Meeting, EP.15)

Feb 17, 2020 bullish

Assertion Supported

Middle-tier high-yield bonds deliver the highest expected credit returns

“And the long-term empirical research actually finds that that stuff, the sort of Goldilocks of the bond market, does better. That it actually has the highest expected returns.”

Dan Rasmussen Feb 17, 2020 ▶ 44:46 Dan Rasmussen – Private Equity Risk and Public Equity Opportunity at Verdad Advisers (First Meeting, EP.15)

Feb 17, 2020 bearish

Opinion

Distressed debt returns during crises have historically been disappointing

“Distressed debt doesn't do all that well. Everybody says, oh, the thing I want to do in the next crisis is buy a lot of distressed debt. Well, we have a simple rule at Verdad on both the equity side and the credit side, which don't buy things that go bankrupt.…”

Dan Rasmussen Feb 17, 2020 ▶ 54:53 Dan Rasmussen – Private Equity Risk and Public Equity Opportunity at Verdad Advisers (First Meeting, EP.15)

Feb 17, 2020 positive

Insight

Alpha comes from tedious trading that larger funds cannot execute

“Our logic, again, is that if we are doing things that other people are unwilling to do or unable to do, unwilling because it's tedious and boring, unable because of capacity issues, and we can do that, that should be where alpha is. I mean, that should be what…”

Dan Rasmussen Feb 17, 2020 ▶ 42:47 Dan Rasmussen – Private Equity Risk and Public Equity Opportunity at Verdad Advisers (First Meeting, EP.15)

Feb 17, 2020 negative

Assertion Supported

CEO pedigree and elite education do not predict stock returns

“Turns out that going to business school empirically does not mean that your stock price does better. Turns out working at an investment bank or top tier consulting firm has no impact on the stock price of the company that you run. Turns out that your track rec…”

Dan Rasmussen Feb 17, 2020 ▶ 35:03 Dan Rasmussen – Private Equity Risk and Public Equity Opportunity at Verdad Advisers (First Meeting, EP.15)

Verdad Advisers

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