The world’s greatest company is unlikely to be a good investment if you pay the wrong price for it. But how do you know if you paid the right price? Covering investing topics ranging from human behavior and its impact on stock prices to gambling and stock-specific risk, the New Age Alpha podcast provides listeners with a different approach to portfolio and risk management.
There is a risk inside your portfolio that you are unaware of that leads to loss and you don’t get paid for taking it. Unlike firm specific risk, this idiosyncratic risk may impact stock prices and it cannot be diversified away. This risk occurs when humans impound vague or ambiguous information into stock prices which may lead to over pricing and loss. In this episode, New Age Alpha’s CIO, Julian Koski joins Senior Portfolio Manager, Andy Kern to discuss how New Age Alpha’s actuarial approach to risk management aims to help investors identify and mitigate this risk to achieve better portfolio outcomes.
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