Wrestling with Markets

While I was at Future Proof last month, I sat down with DoubleLine Capital's Deputy Chief Investment Officer, Jeffrey Sherman, and Samuel Lau, a DoubleLine Portfolio Manager, to record their podcast - The Sherman Show. 

The episode went live last week on all your favorite podcast players! Our conversation spanned two of my favorite topics and passions - financial markets and pro wrestling. (Jeff and Sam are both fans of the unique genre of sports-entertainment, albeit not to the insane level of yours truly.)

I appreciated that they didn't lob me any softball questions. They weren't afraid to ask the hard-hitting questions, like:

"What lessons from the wrestling world can apply to an advisor or investor?"

We also covered more serious topics, including:

  • My career trajectory in wealth management.
  • How I ended up starting this blog, and subsequently my book The Allocator's Edge.
  • The appropriateness, risks, and uses of interval funds.
  • Liquid and semi-liquid alternative investments, including managed futures, diversified arbitrage strategies, floating-rate catastrophe reinsurance assets, real assets, and direct lending.
  • Why an allocation to core bonds is still important, even in a time of tightening monetary policy and rising rates.
  • Savant’s long-term tilt to value in its equity allocation.
  • Innovations in alternative investments, including the development of true private markets for wealth managers.
  • The advent of fractionalized ownership and trading of collectibles, paintings, and other illiquid assets via consumer apps.
  • The power of storytelling.
  • A little word association game called "Sherman Says".

I could have chatted with these guys for hours, and I think that comes through in the discussion. Other than sounding like a teenage boy at times after losing my voice earlier in that week, I'm delighted with how the episode turned out. I hope you can give it a listen!

Full Episode Here: 

TSS Episode 126: Savant Wealth Management’s Philip Huber on Asset Allocation and Alternative Investments

Savant Wealth Management (“Savant”) is an SEC registered investment adviser headquartered in Rockford, Illinois. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy, including the investments and/or investment strategies recommended and/or undertaken by Savant, or any non-investment related services, will be profitable, equal any historical performance levels, be suitable for your portfolio or individual situation, or prove successful. Savant is neither a law firm, nor a certified public accounting firm, and no portion of its services should be construed as legal or accounting advice. You should not assume that any discussion or information contained in this document serves as the receipt of, or as a substitute for, personalized investment advice from Savant.

About the author

Phil Huber, CFA, CFP®

Phil is the Head of Portfolio Solutions for Cliffwater, a leading alternative investment adviser and fund manager. Prior to joining Cliffwater in 2024, Phil was the Chief Investment Officer for Savant Wealth Management, a multi-billion dollar wealth management firm. Phil has been involved in the financial services industry since 2007. He earned a bachelor’s degree in finance from the Kelley School of Business at Indiana University. He is a member of the CFA Society of Chicago. More about me here. Twitter: @bpsandpieces

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