I'm sure you have heard from people that passive investing is better... or that active investing is better, but you have never heard them debated like this.
Tom Sosnoff, founder and CEO of tastytrade, is a staunch proponent of active investing. Tom is a prior guest on our show and he brings with him lots of data and his own thinktank proving his approach is best.
Rick Ferri, the president of the John C. Bogle Center for Financial Literacy and host of bogleheads on Investing podcast, comes out swinging with his own data of why passive investing beats active investing. Many people talk about passive investing being the better approach. Rick will show you why.
Don't miss this epic event. Maybe the best debate ever on this show.
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Today's Guests: Rick Ferri and Tom Sosnoff
Rick Ferri has over 30-years of experience in the adviser industry. He began his career in 1989 as a Wall Street broker, and in 1999, founded one of the nation’s first low-fee portfolio management companies. Rick grew assets at his firm to over $1.5 billion before the firm was purchased by a private equity investor. Today, he is the founder and CEO of Ferri Investment Solutions where he advises affluent do-it-yourself individuals and the trustees pension funds and non-profit organizations on an as-needed basis for a fixed hourly fee. Rick has published extensively on the benefits of low-cost investing, including several books on index funds, ETFs, and asset allocation. He has also written for Forbes and The Wall Street Journal and is the creator and host of the “Bogleheads On Investing” podcast, a program sponsored by the John C. Bogle Center for Financial Literacy, a 501(C)3 organization. Rick graduated from the University of Rhode Island with a Bachelor of Science Degree in Business Administration and from Walsh College with a Master of Science Degree in Finance. He became a CFA charterholder in 1994. Rick is also a retired Marine Corps officer and pilot who flew jet fighters and landed on aircraft carriers.
Tom Sosnoff, Founder and Co-CEO of tastytrade is a recognized online brokerage innovator and sought-after financial educator. Tom is a true visionary and serial entrepreneur who Co-Founded thinkorswim in 1999, tastytrade in 2011, tastyworks in 2017, played an instrumental role in the launch of Luckbox Magazine in 2019, and in 2020 created the first new futures exchange in 20 years, The Small Exchange. Leveraging over 20 years of experience as a CBOE market maker, Tom pursued a vision to edutain self-directed investors in trading and to build superior software platforms and brokerage firms that specialize in complex financial strategies. His efforts ultimately changed the way these instruments are traded and how digital financial media is produced and consumed. Currently, Tom hosts tastytrade Live and continues to drive innovation and know-how to the do-it yourself investor.
Tom and Rick’s Online Presence: