Transcript
Introduction
Patrick
My guest today is Bob Elliott, the CEO and CIO of Unlimited, which creates low-cost index ETFs for alternative investment strategies that typically cost 2&20. Prior to cofounding Unlimited, Bob was a senior investment executive at Bridgewater Associates where he served on their Investment Committee and led Ray Dalio's personal research team for a decade. His breadth and depth of experience makes him a great person to assess the current macro landscape. We discussed the relationship between rates, inflation and asset classes, Bob's approach to identifying data with the most signal and finished with his view on quantitative strategies in private markets. Please enjoy this great discussion with Bob Elliott.
Bob's Background and Worldview
Patrick
Bob, I've been so looking forward to this conversation, mostly because of your extremely unique background across both breadth and depth of different asset classes and strategies for investing inside of those asset classes. So this is going to be sort of like a tour, if you will, across all that experience. But I found, I think, a very interesting place to start our conversation, which was based on something you shared publicly, which was that you could really learn an incredible amount from a paper called The Economic Organization of a P.O.W. Camp. That definitely popped off the page of me sounding very interesting. Maybe you can describe how you came to that paper and walk us through the key lessons that you take from it.