91. Clear Thinking On What’s Happening In Markets | Jesse Felder

In by EquityMates1 Comment

We are so excited to bring you another episode in our Expert Investor series. Our guest this week is someone who we have been following for a couple of years now, and have longed to have on the show. His name is Jesse Felder.

Jesse is an ex-Wall Street trader, starting his career at Bear Stearns (without even studying Business or Finance) – the largest investment bank on Wall Street at the time. He then went on co-found a multi-billion dollar hedge fund, before moving into financial media, and running ‘The Felder Report’.

Jesse’s views resonate with us, and if you’ve listened to our episode ‘The Buy-And-Hold Cult’ then you will have heard Jesse speak before.

In this episode you will learn:

  • Jesse’s number one thing that beginners should understand better about markets
  • What Jesse’s first investment was, and what lead him to that decision
  • The worst piece of advice he’s ever received
  • Why all investors should be wary of recency bias
  • Jesse’s current approach to investing, given equity valuations are at historic highs
  • Why Equity Mates might be wrong about the logic of index investing
  • Why Gold still has potential, and why it should be part of every investor’s portfolio

Stocks and resources discussed:


  1. Excellent guest choice, and interview! I’ve been a Felder fan since discovering his work several (3-4?) years ago; last year took the plunge & became a (happy!) Felder Report subscriber. Even being a subscriber now, & a follower for longer, i learned (or was reminded of) several important things in this podcast. A chief one being the S&P weighting having been CHANGED some years back to “float-adjusted” mkt cap weighting – and more importantly for us “little guys”, the key disadvantage that this change underweights the highly desirable ‘owner-operator’ companies.

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