PiggyBack

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ALT “He put money into Buffett’s partnership a year or so after it started, and he also entrusted some funds to Schloss after initially deciding against it. In later years he added other prominent value investors to his portfolio of managers. These decisions paid off handsomely, and Heilbrunn was able to retire, more or less, from direct active investing.” — On Robert Heilbrunn in Value Investing: From Graham to Buffett and Beyond, 1st ed. (2001), by Bruce Greenwald, Judd Kahn, Paul Sonkin, Michael van Biema

ALT “The experienced investor as well as the neophyte is influenced in varying degree by the tremendous quantity of bullish sentiment in the form of newspaper and magazine articles, speeches, reports, analyses and the like, which emanate from the financial district... It is especially important and very difficult in such times not to be influenced by these pressures from sticking to fundamentals and continuing to make decisions strictly on the basis of the facts.” — Robert Heilbrunn Source: Robert Heilbrunn (1958). A Practical Approach to Common Stock Valuation, Financial Analysts Journal, 14:2, p. 49–51.

ALT "At first he seemed very cold. After all, people were jumping out of windows and selling apples in the street and I think he was afraid I was going to ask him for a loan. When he found out that all I wanted was investment advice, he agreed to help me." — Robert Heilbrunn on approaching Benjamin Graham to become his investment advisor Source: Columbia University speech in 1993

ALT An Original PiggyBack Investor “Knowing when other full-time investors are likely to outperform your own part-time efforts may be the most fundamental of all value insights.” — On Robert Heilbrunn in Value Investing: From Graham to Buffett and Beyond, 1st ed. (2001), by Bruce Greenwald, Judd Kahn, Paul Sonkin, Michael van Biema

ALT Vonheim Why? Curious interviews about businesses of the seas. What? This Norwegian business podcast is interesting. With great curiosity, Mr. Vonheim explores and educates by interviewing a mix of decision-makers and specialists in maritime industries. Plus some international investing and start-ups. Also one of PiggyBack's few Recommendations for international, quality investing-related podcasts based in the Nordics. For who? Novice-level investors (and up). If not curious about some of the more niche maritime or Nordics-focused episodes, just check out the archive. Geography/Asset Class: Maritime sector focus with a clear tilt to Norway / Multi-asset

ALT Infinite Loops Why? A curiosity that takes us far beyond investing. What? Mr. O' Shaughnessy (doing most of the talking) and Mr. Catherwood are on a quest to seek multi-faceted knowledge. The method is guest interviews in the center of the investing community and far outside. The mixed diet of arts, culture, history, science, and technology relates to investing. By design, we learn beyond investing. For who? Novice investors (and up) and generally curious people. Geography/Asset Class: Global / Cross-asset

ALT Masters in Business Why? Top-level conversations in business, economics, and finance. What? Mr. Ritholtz has teamed up with Bloomberg to line up high-profile guests. Guests that most podcasts can only dream of. Mr. Ritholtz seems quite cool about it. For who? Novice investors (and up). The discussions tend to stay on an overview level above the more technical weeds. Geography/Asset Class: Global / Cross-asset

ALT The Business Brew Why? Investor and business interviews that do not shy away from the personal. What? Mr. Brewster holds interviews where guests get to talk long enough to open up and expand on their ideas and life. The result feels more like a genuine conversation compared to news-driven podcasts. For who? Intermediate investors (and up). General big picture concepts and life experiences of guests are very accessible. More technical/specialist guest episodes come with some implicit background knowledge assumptions. Geography/Asset Class: U.S.-focused / Multi-asset, Business/Ventures

ALT Odd Lots Why? Witty, open-minded curiosity about the economic machine’s inner workings. What? Armed with specialist interviews, Ms. Alloway and Mr. Weisenthal are on a crusade to ask all the questions needed. In doing so they quickly map out whatever financial, economic, or business events that currently leave mainstream media wild-guessing (at best). Refreshing and unpretentious educational journalism from one of the industry’s most powerful legacy financial information players (Bloomberg). For who? Novice investors (and up). These pros make sure to get clarity on the basics. Especially when the mainstream media, the talking heads, and most of us are clueless.

ALT Alpha Exchange Why? Focused discussion on option-market fundamentals and technicals. What? Mr. Curnutt interviews experts in volatility trading (options traders) and related areas. Topics include strategies, risk management, and top-down macro analysis. For who? Advanced investing practitioners with background knowledge of options. This pod is technical and the strategies discussed are not advisable for beginners.

ALT CFA Society Chicago Why? Specialist insights from around the investment industry. What? Recurring industry insider specialist interviews on technical investment topics. For who? Advanced investing practitioners. The discussion covers specialized finance. Geography/Asset Class: Global / Cross-asset Host(s) / Twitter: Hosted by members of CFA Society Chicago / @CFA_Chicago Richard Excell, Finance Professor & market veteran / @ExcellRichard, is one of the member hosts, mainly under the podcast label Investment Exchange Forum

ALT The Macro Trading Floor Why? A cross-asset invitational trading floor. Hosts and guests explain the macro world by making shorter-term trading calls. What? Die-hard equity value investors tend not to dabble in mainstream macro strategist’s short-term calls. For those of us with an open mind and no need to act on every macro bet, here we get two non-mainstream strategists. Mr. Peccatiello and Mr. Steno seldom agree on anything. But they do boil down the near-term big-picture risk environment well in their banter with each other and specialist guests. For who? Intermediate investing practitioners (and up). Assumes some economics or markets background (or interest at least). The hosts are good at simplifying quite technical trade setups (but don’t try this at home).