Talk Your Book: Return Stacking [REPLAY]

Ben: Today's Animal Spirits Talk. Your book is brought to you by Newfound Research. Go to think newfound.com for research. A lot of dorky quant stuff there, but really good return stacking stuff.

Michael: Corey is king of the dorks. Yeah.

Ben: He really is. Think newfound.com. I've been reading it forever.

Ben: Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching. All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. This podcast is for informational purposes only and should not be relied upon for any investment decisions. Clients of Brit Holt Wealth Management may maintain positions in the securities discussed in this podcast.

Michael: Welcome to animal spirits with Michael and Ben. We talked to king of the dorks, Corey Hofstein, who is one of my favorite quantitative writers. Ben mentioned earlier that we've Corey's been doing this for a long time. I think I've been reading him for probably more than a decade. And he explains things in a way that is digestible for, let's just say, like, the layman.

Right? That's what we are when it comes to some of this quantitative stuff.

Ben: I feel like Corey also takes a lot of quantitative stuff that you and I have researched and read over the years and also find pulls a piece out of it that you've never thought of before. Like his his idea of, diverse timing of

Michael: 6 balancing luck.

Ben: Yeah, rebalancing luck. Like when you rebalance, whether it's a tactical strategy or an asset allocation and how luck plays a role and how to diversify that sort of feels like diversifying your diversifiers.