Latest news with #KrishnaMemani
Bloomberg
30-05-2025
- Business
- Bloomberg
Odd Lots: Krishna Memani on Wall Street's Very Expensive 'Free Lunch'
We're told over and over again that the one "free lunch" in investing is diversification, and that you can improve your returns over time simply by investing in a wider range of assets. This is textbook modern finance. And yet over the past several years this hasn't been the case. An investor would have done great just by investing in US stocks (with the occasional hiccups.) What's more, even within US stocks, investors should have concentrated on big tech stocks. Going long US tech has been identified as the most crowded trade by investors for years, and yet most of the time it has outperformed almost everything else. So what are the lessons from this story? And is now the moment where international diversification is going to work? On this episode, we speak with veteran portfolio manager Krishna Memani, who is now the CIO at Lafayette College. Previously, he was the CIO at OppenheimerFunds, which got bought by Invesco. We talk about portfolio theory, the tragedy of the prudent international investor over recent decades, and whether that realized returned we've seen across a range of asset classes should prompt a fundamental rethink of finance theory.
Bloomberg
30-05-2025
- Business
- Bloomberg
Krishna Memani on Wall Street's Very Expensive ‘Free Lunch'
Markets Odd Lots Why international diversification has been a flop. Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Subscribe to the newsletter We're told over and over again that the one "free lunch" in investing is diversification, and that you can improve your returns over time simply by investing in a wider range of assets. This is textbook modern finance. And yet over the past several years this hasn't been the case. An investor would have done great (with the occasional hiccups) just by investing in US stocks. What's more, even within US stocks, investors should have concentrated on big tech stocks. Going long US tech has been identified as the most crowded trade by investors for years, and yet most of the time it has outperformed almost everything else. So what are the lessons from this story? And is now the moment where international diversification is going to work? On this episode, we speak with veteran portfolio manager Krishna Memani, who is now the chief investment officer at Lafayette College. Previously, he was the CIO at OppenheimerFunds, which got bought by Invesco. We talk about portfolio theory, the tragedy of the prudent international investor over recent decades, and whether that realized return we've seen across a range of asset classes should prompt a fundamental rethink of finance theory.
Yahoo
19-05-2025
- Business
- Yahoo
Moody's Downgrade Should Have Happened Sooner: Memani
Krishna Memani, Lafayette College CIO, says the Moody's downgrade of the US credit rating should have happened a while ago, but it's not really driving the market right now. He also talks about what could tip the US into a recession. He speaks on "Bloomberg Surveillance." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
19-05-2025
- Business
- Bloomberg
Moody's Downgrade Should Have Happened Sooner: Memani
Krishna Memani, Lafayette College CIO, says the Moody's downgrade of the US credit rating should have happened a while ago, but it's not really driving the market right now. He also talks about what could tip the US into a recession. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Bloomberg
19-05-2025
- Business
- Bloomberg
Bloomberg Surveillance TV: May 19, 2025
- Krishna Memani, CIO at Lafayette College - Jeannette Lowe, Director: Policy Research at Strategas Securities - Kathy Jones, Chief Fixed Income Strategist at Charles Schwab - Neil Dutta, Head: US Economic Research at Renaissance Macro Krishna Memani, CIO at Lafayette College and Kathy Jones, Chief Fixed Income Strategist at Charles Schwab, join to discuss the US economic outlook after the Moody's US credit downgrade and rise in long-term Treasury yields. Jeannette Lowe, Director: Policy Research at Strategas Securities, talks about the latest on tax bill negotiations and President Trump's economic agenda. Neil Dutta, Head: US Economic Research at Renaissance Macro, discusses US economic indicators and whether the US economy is weakening, as well as the outlook for rate cuts in 2025.
