Daniel Grioli is the voice behind many of our podcasts, but he is also a professional investor and adviser as principal and founder of Guiscard Capital. Having worked previously within Australian pension funds, in his last capacity as deputy CIO, Daniel understands the issues institutional investors are facing. In this podcast, [i3] Insights editor Wouter Klijn delves into these issues, not only from an investment point of view, but we also address organisational challenges and behavioural ones.
2:00 Who is the MarketFox? 7:20 Do you still find psychology applicable in finance? 11:00 Is swearing off emotions entirely a good idea? 13:00 Emotions and decision making 15:00 Institutional investors are far too focused on optimising 17:00 Attributes of good investors. 18:00 Self-awareness and group awareness 21:00 Starting a business out of frustration 25:00 Technology allowed me to start a business in a way I couldn’t 10 years ago 26:00 Optimisers are very sensitive to the assumptions you put in, so you get the answer that you want. 27:00 Too many marginal positions. 31:00 Finding a clients edge. An example in the property market 34:00 Risk appetite is context dependent 37:00 Managing expectations 40:00 Tips for investors in institutions and for entrepreneurs wanting to start their own advisory business 47:00 Asset management progresses one funeral at a time.