Dispelling Big Investing Myths | Dan Rasmussen

In this episode of Excess Returns, Jack Forehand and Justin Carbonneau sit down with Dan Rasmussen from Verdad Advisers to discuss his firm's top research pieces from the past year. They explore several fascinating market insights, including: Why high bond yields don't necessarily translate to high returns The dramatic outperformance of U.S. markets post-financial crisis and the potential opportunity in cheaper international stocks How private equity return dispersion may be more about portfolio construction than manager skill The promising changes happening in Japanese corporate governance Britain's market valuation in the wake of Brexit Dan also announces his upcoming book "The Humble Investor" which challenges common assumptions about predictability in markets. Throughout the conversation, he offers thought-provoking perspectives on market efficiency, the limitations of forecasting, and why humility is crucial for investment success. Whether you're an institutional investor or individual market participant, this discussion provides valuable insights into contrarian investment opportunities and challenges prevailing market narratives with data-driven analysis. 00:00 Introduction 02:24 On writing and research 05:05 The Humble Investor book announcement 09:16 Bond yields vs returns 15:58 The great rotation and U.S. market valuation 31:41 Private equity return dispersion 42:10 Japanese corporate governance reform 48:56 UK market opportunities 52:28 Closing thoughts #investing #markets #valueinvesting #finance #investmentadvice SEE LATEST EPISODES https://www.excessreturnspod.com FIND OUT MORE ABOUT VALIDEA https://www.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau