LTCM Co-Founder on Risk, Leverage & Simplicity

What this episode covers

In this episode, founder of Elm Wealth and co-founder of LTCM Victor Haghani shares lessons from Long-Term Capital Management and contrasts today’s highly levered hedge-fund world with LTCM’s era. He also explains Elm’s Dynamic Index Investing framework and why simplicity and discipline outperform complexity and return-chasing over time. Enjoy! __ Follow Victor: https://x.com/ElmWealth Follow Felix: https://x.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx __ Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance — Timestamps: (00:00) Introduction (01:04) Insights from Victor’s Storied Career (09:22) Today’s Market vs the 90s (16:32) Grayscale Ad (17:11) Fat Tails & Return Chasing (28:41) Grayscale Ad (29:29) Is Discretionary Macro a Fool’s Game? (37:42) Portfolio Construction & Managing Risk (44:33) Balancing Risk, Sizing, & Expected Returns (50:15) What is Good Diversification? (55:55) Exotic Forms of Diversification (59:52) Final Thoughts __ Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance

Share this episode

Similar Episodes

What Hinders Your Prayers According To The Bible?

Dec 18, 2025 ·14m

Promotion | Oracular Wisdom | David Mark Quigley

Oct 28, 2025 ·5m

Obstruction | Patience, Timing, & Quiet Strength | Oracular Wisdom | David Mark Quigley

Oct 21, 2025 ·5m

The Ease of Dispersing | Clearing Stagnation, Uniting Strength | Oracular Wisdom | David Mark Quigley

Oct 14, 2025 ·5m

Great Strength | Harnessed Power, Breakthrough, & Righteous Action | Oracular Wisdom | David Mark Quigley

Oct 7, 2025 ·5m

The Receptive | Yielding Power, Wise Alignment, & Quiet Mastery | Oracular Wisdom | David Mark Quigley

Sep 30, 2025 ·5m

Similar Podcasts

Rich Dad's Guide to Investing II Robert T. Kiyosaki II Full Audiobook II Robert T. Kiyosaki Investing means different things to different people… and there is a huge difference between passive investing and becoming an active, engaged investor. Rich Dad’s Guide to Investing, one of the three core titles in the Rich Dad Series, covers the basic rules of investing, how to reduce your investment risk, how to convert your earned income into passive income… plus Rich Dad’s 10 Investor Controls.The Rich Dad philosophy makes a key distinction between managing your money and growing it… and understanding key principles of investing is the first step toward creating and growing wealth. This book delivers guidance, not guarantees, to help anyone begin the process of becoming an active investor on the road to financial freedom. Faith and Mental Wellness Podcast with Shakeeta Torres Shakeeta Torres, Speaker, Author, LCSW, Certified Life Coach & Coach Trainer ”Welcome to ”The Faith and Mental Wellness Podcast”—your safe place for a transformative journey toward breaking the barriers that hinder emotional, mental, and spiritual healing. Join us as we explore real-life stories and insightful interviews with Mental Wellness Professionals and individuals who’ve triumphed in restoring mental health by intertwining their faith with professional guidance. Through these candid conversations, we equip you with tools and resources to enhance your mental well-being. Tune in and embark on a journey of empowerment, healing, and renewed faith!” Chosn Conversations: Beyond the Journal Chosn AI Journal Welcome to Chosn Conversations: Beyond the Journal, where your AI hosts explore the transformative power of conversational journaling and emotional intelligence. Each episode takes you beyond traditional journaling methods, diving deep into voice journaling techniques, mental wellness strategies, and the science behind AI-supported emotional health. We share inspiring user stories, analyze the latest research in digital mental wellness, and provide practical guidance for incorporating journaling into your self-care routine. Whether you're curious about AI therapy alternatives, looking for mental health support tools, or wanting to optimize your journaling practice, our conversations extend beyond the written page into meaningful audio experiences that offer evidence-based insights in an accessible, compassionate format. Join us as we navigate the intersection of technology and mental well-being, helping you track your emotional journey and build lasting resilience through the power of Pain and Sleep Center podcast Dr. Ryan P. Robinson Join Dr. Ryan P. Robinson and his team weekly as they charge forward in their teams mission of a healthier, well rested and energized nation!

Frequently Asked Questions

How long is this episode of Forward Guidance?

This episode is 1 hour and 2 minutes long.

When was this Forward Guidance episode published?

This episode was published on November 12, 2025.

What is this episode about?

In this episode, founder of Elm Wealth and co-founder of LTCM Victor Haghani shares lessons from Long-Term Capital Management and contrasts today’s highly levered hedge-fund world with LTCM’s era. He also explains Elm’s Dynamic Index Investing...

Can I download this Forward Guidance episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.