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Show Notes:

[00:01:54] – Applying the three-body problem to investing

[00:07:24] – Fundamental view of investing, Profound Agnosticism

[00:08:24] – Why has value done so poorly relative to growth in this framework

[00:11:01] – Ben’s thoughts on why value has been underperforming for so long

[00:13:52] – Investors should be able to adapt

[00:17:49] – Thoughts on the risk parity approach

[00:23:23] – Ben’s strategy for working with several teams

[00:26:48] – What’s the best way to gain an edge, top-down factors vs company/bond individual analysis

[00:28:29] – How do you measure risk amid the large amount of uncertainty that exists in markets

[00:32:40] – How does Ben personally think about investing

[00:34:41] – Ben’s farm and the investing lessons learned by some of the animals

[00:39:55] – How bees can plan out their entire work structure by the angle of the sun

[00:42:58] – Defining basis risk

[00:44:59] – Personal risk vs portfolio risk

[00:49:30] – The concept of fingernail clean and our perception of what eggs are

[00:53:57] – How ETFs are like mass-produced eggs

[00:54:56] – Exploring the idea of quality vs scaling

[00:58:39] – What is the current challenge/puzzle that Ben is focused on right now

[01:01:59] – What is Ben looking for when looking into game theory and applying it to the words that are published and spoken about investing

[01:03:57] – The most memorable day on Ben’s farm

[01:05:04] – Kindest thing anyone has done for Ben