YouSaid · the spoken record

Louis Navellier

lines on the record: 145
first: 2016-07-11
most recent: 2016-07-11
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“That's why the market's melting up. It's melting up on order imbalances. It's going up on light volume. It's really, really eerie. But as long as the dividends are higher than the treasuries, I think people should go.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“But as we close here, here's the ultimate irony the winner in the low interest rate environment are stocks because everybody's barring in the bond market, buying their stock back. The multinationals can borrow in Europe and other places even cheaper than can borrow here. And this is, and so the stock market is actually dying on us. So my average stock is going to be gone 14 years from buybacks. And the S&P at the current buyback pace might be gone in 27, 28 years.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And as a stock guy, I want to have friends on the credit side. I want to understand what's going on out there because I need to see what's happening. And I respect those guys because I think that's a very, very stressful business. And I don't know.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And we used to joke that it's easy to get rid of our deficit. All we have to do is refinance it in negative yielding tips, and our problem went away.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Okay, so the theory is if he did become president, I realize it's not we don't know yet, but if he did become president, I'm sure he's going to cut deals with everybody. I mean, that's what he did in business.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“We have a bond business we play in the triple Boleyn. So our neighborhood's a lot safer than the other neighborhoods. But the distressed debt world is fascinating. And that's where I get all the good Trump stories because.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, I wish I knew a little bit more about the bond market. I keep friends in the bond market. I talk to them all the time. They're just a wreck most of the time, I'll be honest with you. I mean, they're a wreck. I mean, this is not an easy job. So us stock guys, I think, have a lot easier job than these credit guys.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That when they kicked Hank Greenberg out of his own firm because he liked Hank, and they put in this auto insurance guide around AIG, they wrote all these credit default swaps at bogus rates because they really wanted a bonus. So, my Bongai actually blames the government for blowing up AIG and the collapse of the credit default swap market. But the bond market's wild. It's been wild this year with you've seen in high yield.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That was the Falcon funds. That was a Muni's leverage eight to one. Everybody loved him. In fact, I still remember I went to a party in Palm Beach and everybody's bragging how much money they're making.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, the SIVs was the big fiasco, and that was a whole nother matter. But Jack Lud, to my knowledge, was doing the leveraged munis. Leveraged Munis at cities. Correct. And that got Sally Krachek fired, and then he lost his job too because his little division lost $21.1 billion. Plus, you had the SIV loss on top of it. Obviously, somebody at City called Robert Rubin, and City was deemed too big to fail and got bailed out.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And they lost 97 of their money. This is part of the credit default swap problem. And collapsing. And so anytime I see leveraged debt, I freak out. I see a little now two to one. Obviously, we had the SIV problem that was 10 to 1, that was our bed on the yield curve. That's what sunk bears and Lehman. But the thing that shocks me to this day is the guy that led the Falcon funds who lost $21.1 billion for Citibank. He obviously got fired over this whole mess”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Bernie Madoff was up to Tom Petters was six home south and he still 3.8 billion feet in commercial pay for 18 years. I've belonged to a golf club where the founder of this big fancy fund of funds only recommended Bernie and Petters. Well, he has no standard deviation because everybody's lost their money and there is some upside because Attorney General's recovered. But my neighbors got wiped out more by leveraged debt. Really? Things like the Falcon”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, that's a very good point. You know, you have to read the credit markets because the credit markets influence the stock market. But I think it's the credit market meltdown in 2008 that's the most profound. What happened on Wall Street is started to leverage debt. And this is a good closing point. I obviously live in South Florida. Bernie was up the street. Six home south to me was a guy named Tom Petter, stole 3.8 billion fake in commercial paper. My neighbors.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I'll tell you the same thing I told my son. You better take a psychology class because the market is a man of crowd. And that is what behavior. And we're locking in on what they like, and crowd movement will last for several months. And so we want to lock in on it, if not years. Second thing is better take an accounting class. If you have any criticism of all the CFAs out there, they're all trained to track. They're all trained to hug these benchmarks, throw out a few dogs if they want to try to beat it. And everybody's forgotten about accounting, okay, and they better learn finance. The number of investors out there that have no idea what a P ratio is or it's incredible. We deal with this because we have Tesla and Reno. They're building the battery plant. And I deal with it in California.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct, but I think the rhetoric will be pretty hot and heavy in the summer. I personally, as long as Trump and Hillary are sucking up to people, that's good. I'm waiting for them to start sucking up to people, okay? Normally we rally going to presidential election year because of the suck-up factor. It lifts consumer confidence, rubs off investor confidence. But I know this is not a conventional election year, but I would hope that they would make August a little smoother this time. I know it'll be entertaining as can be, but I would like to see a little suck up with the attacks.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“This is unsystematic risk, the static, the fudge factor, how much they might pick you off if you're careless with your order. And so when we optimize the portfolio, we have to get the lowest beta possible. We have to get the unsystematic risk down and we get the alpha as high as possible, and there's ways to optimize. But the unsystematic risk exploded when they decimalized the market. I like the old system. The fact that Europe is gone in August. The fact that most of my friends here in New York are gone the second half of August. I hate August. I just hate it. Okay. Now, in a presidential election year, often it's better because we're all being distracted by the conventions”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“In mid cap stocks, it's 1.8%. And small cap, it's still running almost 600 basis points of trade ETF slast were 458. Now they're $357.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Colleen Mark. So I started. Collie Market Makers, cleaning out their inventory, accumulating stocks, never moving them. Today I deal with an algorithm. I deal with an anonymous high frequency trading system. And I don't like it. We calculate something called unsystematic risk, the risk we can't diversify away. In large cap stocks, it's about 0.6% of trade.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I like how no one can read the second sentence. Everybody just reads the headline and the you trade off the headline And then you can have a correction, and no one cares. No one's programmed to trade off corrections, to my knowledge yet.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, well, then their needs would come out and one side would have earned others, but then it was just too long, and then they took everything out. I remember there was one LED lighting company that was in an energy ETF, so they took it out because it was in the wrong ETF. Okay, because it made LED lighting.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, yes. Anyway, to make a long story short, you know, there are sectors that get hit because they're in a big basket. They do throw the baby out with the bathwater. When we have the big energy meltdown, He said, Well, I don't know if they'll hit the terminals, the pipelines, and they hit it.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The dentist do Botox in South Florida mandatory. At least I think that's the thing. You have to tell them not to do Botox. Okay. If you don't want”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, yes. Check that box off. Okay. And then, but, you know, they start to hit the biotech funds. They start to hit the pharma funds because Hillary was picking on the healthcare stocks. You know, I had to sell allergens. I says, Hillary's not going to mess with Allergen. It's Botox. Okay. You know, and we're very familiar with Botox in South Florida. You can see who has it because they're all at the cocktail parties”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I like that. But most of my stocks are. Most of my stocks are going in a very smooth, steady manner. There's relentless buying pressure and buybacks under the surface, there's growing dividends. And so I jump on them as long as I can ride them and they're safe. And then eventually they get more erratic for whatever reason. Margins are under compression or buybacks are slowing down or the sector's going out of favor. I had this experience last year. You know, I had Gilead, which is the hepatitis C pill. I would get grief on that because Hillary said the pill is too expensive and I would argue it's a cure for hepatitis. It's cheaper than dying of painful death in the hospital.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And I have three good X traders that work for me. They aren't trading now. They try to educate everybody. But the truth of the matter is the markets are always mutating and you just got to stay on top of it. And I don't like any theme that doesn't make money. I do like them when they make the transition from negative to positive earnings. If I can time it that quarter, I like that because it's explosive. But most of the time.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Of course, of course. In fact, you know, because of our volatility last August, you know, the New York Stock Exchange banned physical stops and GTCs for two months, and that's how bad it was. But yeah, you never show anybody your order. You never show them your cards”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“After that, it was just IBD and staying on the cutting edge. I don't agree with how to exit like IBD says. I wouldn't set a stop at 7% or anything.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, he had some other people there that there was a guy named Rich Fenton that seemed to be more of a quant. But he was a good mentor for that whole team of Fidelity. But, you know, you get to a size where you can only manage so much money and Fidelity's at that size.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Stowers, stowers. He was one of the original earnings momentum guys. He was American sentry in Kansas City. He was buying research from BJ Young in San Francisco. I remember meeting those guys. See, I did all this pre-computers. I did on calculators and then obviously I tried to stay on the head of automation. Those guys were we watched. We also watched the Peter Lynches of the World. I think Peter Lynch, I know he told a story and all that stuff, but there was a lot of math there. In fact, I did when I was pretty young, I did a report for Fidelity on my quant stuff.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“What I don't care how many anomalies are, I just want to find them. And basically what I'm saying, a lot of the market is efficient now, whether that's ETFs or indexing. But I just care about the inefficient ones. And those are the ones that Russell's going to be adding their indices popping. Those are the ones that are reacting positive to their earnings or growing dividends. But it is shocked Linero. Our dividend grader, you've got to be in the top 11%. Our stock grader got to be at the top 9%. That's how tight the markets are at this time.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Financial engines, very successful. I had the honor meeting Harry Markowitz in Tahoe once and Harry's a great guy. One of my professors, Arnold Langston, who's in his 90s now was buddies with Harry and likes to call Bill Sharp every now and then. But, you know, those were the people that gave me the formulas and I just set out to document it. There are efficiently priced stocks out there. And then there are things that are non-efficiently priced.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Because the markets aren't easy and it is very narrow, and they really want our help with the risk controls. And then we have to dial in on taxes. If it's a pension, we might chase more of our A-rated stocks. If it's a tax-efficient account, we might buy A's or B's, or if they're in a high-tax state, we might put them in a growing fund. But we always have to blend in the dividend management because it zigs when the other stuff is ags, the gross stock zag. And it's really about dialing in and getting everybody as smooth as possible. And of course, as people get older, they want more income and we can make that transition very easily. So we're really proud of our private client group and we enjoy working with people and we treat everybody like family. That's what we try to do.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The twin shall meet. Correct. And so, but the truth of the matter is there's obviously a tremendous overlap. We have different names. So large cap might overlap with my blue chip ladder, but it might have a 70, 80% overlap, but they don't match and they have different names. I have different managers on it. And so we try to differentiate it. But in the end, the clients come to us for that good risk adjuster performance. The way our system really works is we keep 60% in conservative stocks, 30% model aggressive, 10% aggressive. And as things get more volatile, we start to trim or sell outright. And a lot of people will take the newsletters and they'll try it and they forget to trim. And they come to us when markets are narrow. So this is a great time for our business.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Because the newsletter is not permitted marketing material. So if I ever had a newsletter. Touchy, my management material, I'm really bad. Okay. So that is why The management is headquartered in Reno, Nevada. And publishing's in Rockville, Maryland. We've tried to separate them”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct. Well, it's obviously regulatory rulings, but there was a manager near me in Jupiter, Florida that was Colonia's newsletter, and he got fined 2.3 million. So we just noticed that. So what I do not even know.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“It's not that different. You know, it's funny, the SEC will never let us clone a newsletter for management. So they never quite. Okay.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Because people don't have any food. The schools, everything's breaking down. It's truly. And then, of course, the oil is predominantly heavy sauer crew. No one wants. The refinery blew up. And the only way they can sell that stuff is to refine it. That's why Saudi and Kuwait have their own refineries Because no one wants their heavy sour stuff unless they refine it. Anyway, it's just you got to get the currency right. And emerge he markets going back to risk do balance out a big diversified portfolio and are getting a bigger share because they're zigging when other things zag So the models are calling for more of that right now.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Venezuela. Well, first of all, a lot of the middle class Venezuela live with me in Florida now. They live in Weston. But the, no, to say it's a tragedy, there's got to be a revolt there.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Invest into how wild it is right now. Obviously, there are countries that are more commodity oriented, New Zealand, Australia, Canada, that get hurt when their commodities go down. Political risks like there was in Russia when they invaded Ukraine”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Until the Mexican peso went the wrong way and my trade came and went. So the moral of story is when you invest internationally, don't get the currency wrong.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“But no, anyway, so booming business. But if you drink 60 gallons of soft drink a year as the average Mexican does, you might get diabetes. So at that time, I had no venoris a diabetes company. So I said, I am a great portfolio manager. I have this great bottler and I have the diabetes company and I have eliminated risk, okay? One zigs, Wednesday.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Be the Coca-Cola bottlers, well, the average Mexican drinks 60 gallons of soft drink a year. By the way, it's better down than it is here.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, first of all, we have our hottest product this year is an emerging market product, and we're getting a lot of money in it. But I have to tell you, we've been pretty good on currencies. And the key is when you invest internationally, you better not get the currency wrong. And to demonstrate it, I'll give you an example where I made a mistake. Many years ago, I had the Coca-Cola bother in Mexico.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Even here, even here. So we'll see what happens. I have Brits that work for me, and they've told me that people know are voting to leave. But, you know, we'll see what happens. You know, this also happened in Canada, and then they told the Quebecers how much they love each other. So, maybe the folks in Brussels need to tell Britain how much they love them.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“We have already seen this incredible rally in Europe because they briefly thought that Britain might stay because the tragic assassination of the member of parliament that kind of swung the polls. Now the polls are going the other way and they're all on pins and needles. So there's a lot of cash on the sidelines ready to pour in if Britain stays. If Britain leaves the dollar will have this incredible rally. SP earnings for the multinationals commodities even more. It has profound ramifications. But if you look at the electric around the world, people seem to be a little ticked off. Nationalism is on its way back.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Okay, because you can look at a chart like on Bloomberg and you see the risk. And then you look at Morningstar and where's the risk? So there's a lot of things that need to be cleaned up. And this could be fixed really fast. But right now those folks that run the exchanges are laughing at us. And every time there's an extraordinary event, they're going to make a lot of money.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Picked off Guggenheim SP equal. They picked off a bunch of Vanguard equal ETFs, and that's why the SEC did the scathing report, like, what in the hell is going on? And if I was the SEC in implementing this DOL thing, I would probably tell the ETF world, you better behave, okay? Because the spreads are too wide. ETFs do not trade a net asset value. Okay. And this is a huge problem. And I have my own issues with Morningstar. Morningstar will show in August of 2015, August 24th, that that month that the DVY only had a one basis point trade risk. But for some reason, it had a 53.3% range intraday. So I would argue that Morningstar's not doing their math right.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And that's exactly what you saw on August 24th of 2015. The circuit breakers hit. They couldn't price the stocks. BNY Mellon had a little pricing issue, but there were ETF orders out there and everybody looked at each other and they dropped a bid and picked everybody off 32 to 35%. But they didn't pick off anybody. They picked off DVY that iShares five-star ETFs. Right.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And I don't mean to be too negative, but unfortunately the SEC is behind. I can tell you what the SSC did wrong. When we had, first off, when they got rid of the 12B1 fees on mutual funds, okay, the firms figured out how to get paid even more, okay? Right. So actually, the SEC caused this conundrum to exist. When we had the flash crash in 2010, that five minute period, the SEC came in and broke every trade where somebody lost more than 40%. So they basically told every specialist you can steal money until it hits 40%.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And you know, it's funny I go to Europe and they do not like ETFs. The Bank of England told them not to do it. I have a friend that used to arbitrage between London and New York, went to jail for three years, Mr. Spister got him. They're still arbing in Europe right now. Okay.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source