Dan Joseph explains his Berkshire-style model combining private housing investing with public REIT bets to exploit wrapper-driven mispricings, and how supply drives Real Estate pricing.
Jared Dillian opens up about meritocracy, authenticity, spirituality, and trading with stoicism.
Leyla Kunimoto from Accredited Investor Insight gives a masterclass on LP investing. She explains how LPs evaluate venture capital pitch decks, explains how Private Equity Real Estate differs from NAV REITs and Private REITs, whether PE managers are better investment than their funds, the market’s lukewarm response to the PRIV ETF, and ends with an explanation to the persistent gap between public and private real estate prices.
Nick Maggiulli joins Phil Bak to talk through The Wealth Ladder — a thoughtful framework for building wealth and using money as a tool for freedom, rather than ego. Nick explains the psychology of spending, lifestyle creep, risk management, and the difference between grocery freedom and yacht regret.
After a near-death experience on a mountain trail, Adrian Jones rethinks everything and emerges with a clear mission to help others live more authentic lives.
Charles Frischer runs a family office and is the largest shareholder of Regional Health Properties. He explains his battle to unlock value in the micro‑cap “zombie” REIT. He exposes ignored $4‑plus offers, skewers management’s merger ploy, and invites real operators to seize an easy eight‑figure upside.
Eric Balchunas is the author of The Bogle Effect and The Institutional ETF Toolbox. He is the host of ETF IQ on Bloomberg and the Trillions podcast. On this episode we talk about the bitcoin ETF approval saga, whether independent issuers were treated fairly by the SEC, and why mutual fund ETF share class filings are the bigger story.
Hunter Hopcroft dissects why passive indexing fails in real estate, builds a case for economic realism in “a world the Keynesians built”, and shares reflections on writing and the role of AI in modern finance in a smart, sharp and soulful podcast episode.
Bob Pisani has covered markets for CNBC for 35 years. He is the author of “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange”. On this podcast we talk about how financial media is changing, the creator economy, AI, the NYSE trading floor, and reflections on Bob’s legendary CNBC career.
How fraud and waste turned affordable housing initiatives into a fee machine Elliott White writes on Substack and Twitter/X under the handle ResetBasis. At Hayden Glade, Elliott oversees the company's strategic direction through acquisitions, financing, and investor relations. Under Elliott’s leadership, Hayden Glade has acquired more than 3,000 units through relationships with public/private for-profit owners, nonprofit partnerships, and the trust of various public entities in different municipalities. Before founding Hayden Glade, Elliott was the head of acquisitions for Weston Associates, a regional affordable housing developer in Boston. At Weston Associates, Mr. White worked on various acquisition-rehab projects in Massachusetts, New Jersey, Georgia, Virginia, Maryland, Louisiana, and Mississippi. These projects utilized many different programs, including Low-Income Housing Tax Credits (federal and state), 1602 exchange programs, Section 8 rental assistance, Section 13A, Section 202, Section 236, HOME funds, CDBG funds, NHTF, and other subordinate debt.
Carol Roth writes a weekly newsletter, sign up at CarolRoth.com/news. She has a Legacy Planning System at futurefile.com, and she is the author of The War on Small Business and You Will Own Nothing.
Phil is joined by friend of the show Ben Hunt for his fourth appearance on the podcast. Ben Hunt holds a PhD in Political Science from Harvard University, is the co-founder and CIO of Epsilon Theory, and co-founder of Second Foundation Partners. Ben and Phil discuss narratives driving flows in markets, the incentivization of risk-taking by financial and government institutions, and the issues that have arisen within American academia over the past several years.
Richard Adler was a co-founder and former Managing Director of EII Capital Management, an investment advisory firm for over 38 years managing REIT portfolios beginning in 1986. He has sat on the advisory board of Armada since its founding, and is a storied entrepreneur and business leader. Richard joins Phil to discuss REITs, investment, and reflect on his career spanning over 4 decades.
Cliff Asness is the founder, Managing Principal and Chief Investment Officer at AQR Capital Management. Phil joins Cliff at his AQR office to chat about market concentration, value investing, and the market environment as a whole. Through the conversation, Cliff shares a wealth of knowledge and perspectives from his 30+ years of experience in the asset management space.
Michael Antonelli is a market strategist at Baird Private Wealth Management and author of the "Bull and Baird" blog. In a world where there is no shortage of anxiety inducing doomsday narratives, Michael stands out by being a bullish optimist. Michael makes the case for communicating about the market using common language, using a data driven approach to being bullish, and navigating uncertainty with more confidence.
Jared Dillian, author and investment strategist, joins the Phil Bak podcast. He is the author of books such as No Worries: How to live a stress-free financial life, and Street Freak: A Memoir of Money and Madness. Jared and Phil discuss financial freedom, hard work, rules for success, and taking control over your financial outcomes.
Mike Green, CFA, is the Portfolio Manager and Chief Strategist at Simplify Asset Management. Mike and Phil discuss the over-emphasis of indexing, passive investment, and low fee competition causing potential hazards in investing. This includes large cap companies receiving the bulk of capital, reduced reward for conducting fundamental analysis, and more.
Phil Bak sits down with Rob Simone, managing director of Hedgeye Risk Management. Rob has over 15 years of corporate equity research within the REIT sector. Rob joins Phil today to discuss his famous short call on Medical Properties Trust.
Phil sits down with Randall Zisler to discuss real estate and REITs. Randall is the co-founder of Zisler Capital Associates and a highly respected academic with a number of works on real estate investing, economics, and finance. In his conversation with Phil, he shares a wealth of knowledge pertaining to real estate valuations, REITs, public vs private real estate investment, and more.
In this reposted podcast, Phil sits down with Meb Faber and explains his mission and strategy in the real estate space. This conversation is the "why" behind what Phil does on the day to day, trying to create unique value within the real estate investment market. This episode is censored when Phil or Meb directly mention particular funds by name.