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

“Each ETF pays a quarter million a year to be in there. Well, why would you pay a quarter million a year if you're hardly getting any fees? Well, because your ETF is rebalanced every 90 days and the specialist affiliate could make a lot of money, especially if it's equally weighted ETF.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, this is, so let's take some of the big Robo programs. The Robo programs are our no management fees. That's correct. But if you read like page 14 of the disclosure one of them,”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's correct. And so what's happened is the asset gatherers on Wall Street, which dominate our business, are very good gathering assets convincing everybody they have low fees, but people may not realize they make money on securities lending, which is legit. They make money on, can make money on market making for the ETF through their special affiliate, which. Is legit if they don't hose them too much. But that's so”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And a lot of it's mass with intelligence that the firms say, well, in exchange for this money, we'll make you work more efficiently and tell you where you should go. So I don't pay to play anywhere. So this isn't my problem, but this is what the industry is dealing with. And a lot of people don't realize that when the ETFs are rebalanced every 90 days, that if that ETF controls the specialists, the ETF might actually profit on it. So it's kind of like the bond business. So in the bond world, everybody will always give you everything with no fees, no transactions because all the money's in the spread. People don't realize how big the spreads are in ETFs.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Have no problem with it. I think the real problem is The conflicts we have out there. So I don't have a conflict because we have either a low institutional figure, that incentive fee What's happened to our business, and I'll pick on my, I guess I'll pick on my daughter. So my daughter's a mutual fund wholesaler. She has a $4,000 a month budget. The guy she married used to give her fun business because he wanted to show he loved her. Now that he's your husband, he just does eyeshares because at his firm he gets an extra 50 basis points to do i shares over funds One of the conflicts that's emerged in our business is the ETF wholesalers have more money than the fund wholesalers. And so there are what we call a pay to play system out there. Sure.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And dial it in and change it as her needs change. So we're pretty proud of what we've done. Our private client group here in New York is growing rapidly because we're taking care of people.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“All my manage accounts are going through there. And then I went in, started to work with other people and platforms. Just want to take care of people and treat everybody like we treat ourselves In fact, I just had my SEC DOL audit Department of Labor Audit, and they walk into a grocery shop and they saw how much dividend management a lot of our clients had. And so I think they even, well, I can't say that he was happy, but I was happy with the audit. It was not as long as I thought. And they brought the DOL lawyer there on loan to make sure that we do suitability and we put everybody gets a mix that's suitable for them versus some can mix. They caught any of us treating everybody, putting the round client in the round slot and square, they don't like that. You have to literally listen to people, do what they want.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I was thinking of moving here and I parade around here and then, of course, I had to get used to the weather. It was pretty hot when I was running around here. But I decided to work for myself. And I was originally sponsored by a little firm called Van Casper in San Francisco, which is part of Wells Fargo.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“He thought he had teeth problems, but he had little aneurysm in his head, and they had to open his head. In fact, Ben Carson almost cut on him. Ben was his second choice. And so they got, they deal with his aneurysm, but he apparently liked Oxycon for a while. And so he's back. He's fine. We're all reaching out to him to help him. And he's fine. Mentally, he's sharp as can be, but it's a happy place, apparently.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and it's a serious problem. We have a good friend who go on names who had a problem for four years with this. Really?”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Because it's very expensive rehab and they're all getting all their little drinks and they can have one last hit. You know, most of them are opiates, you know, Percostat and Oxycotton and all the legal drugs or whatever El Chapa was selling. I don't think you.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“One thing I can tell you is in South Florida, where I happen to live, we have all the rehab places and we have a lot of the second steps and you go there”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I suspect there's a bit of a church influence going on in Utah, too. I would be shocked if there isn't. So I don't know if that model will work everywhere, but we have to see how strong it's coming from the church versus somebody else. But kudos to them for.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, you know, I go to some states that are very interesting, like Alabama is very church-oriented. Wednesday night's church night, they better not catch you out going for dinner on Wednesday. For some reason, I'm in Alabama a lot. Obviously, Utah is very LDS, Nevada's very LDS as well. LDS.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“They're getting their marijuana through the e-cigarettes and they can't trace it. While if you smoked it or ate it, they could apparently trace it better. So the marijuana industry in Vegas has collapsed. Now, Vegas is a big LDS area.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct. And what's happened in Vegas? Because unfortunately there are some people in Nevada that are slightly stoned. In Vegas, it's all gone to the e-cigarettes. Because they can't trace it. So”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So anytime you see a marijuana investment, unless it's an LED lighting to make the plants grow faster. Or hydroponics, or some mechanical thing behind the scenes, I would invest in it”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Have to be a non profit because you're doing this for the good of mankind. And they did arrest one of the Berkeley pot growers. Because he made too much money one year. They rested him for capitalism.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“A part of the country. It's a great country. And what can I say? And, you know, I'm originally from Berkeley. And, you know, when you're in the pot business in Berkeley.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And of course, you can fire tax return in time you got an IOU, but they are benefiting from the new tech boom now, and I think they're okay. But going back to the Kash economy that dominates Silicon Valley and a lot of other places in Los Angeles, you know, there is a theory that maybe the check caching stores are more efficient than the banks. But the truth of the matter is there is a cash economy there.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And I remember a few years ago, I said, I'm sorry about your paycheck. And what happened? Because they got less money. Well, California was broke, so they had more withholding tax. They just withheld Morphy.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, it's funny. If you went to California DMV, they would say don't blame us. They had Schwarzenegger's picture there because of the budget cuts. But the ski resorts got extra. Traffic because they had the mandatory layoffs. You know, I have the mandatory leave in California when they have budget problems. I have California employees. Because I have some people who live in Trukee that work for”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“California is a fascinating place. 20% of Californians don't have bank accounts. There's this huge cash economy there. So, well, the other thing”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I have a good friend, Bruce, impeccable dresser, beautiful wife, very successful gentleman. In the 80s, he had a slight crack cocaine problem. We always wonder what was wrong with Bruce. He was sitting in the tenderloin and somebody bit his finger off. Nice. A human. Yeah, I'm from the Bay Area. It's shocking to see people eat pigeons and things. So it's.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“In New York these days. It's very stressful stepping over homeless people everywhere. But the... But to make a long story short, this is at the end of the Volcker era.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Net of all costs, advisor, brokerage firm, everything. It's SEC Rule 205-3. The client must say they have a 2 million liquid net worth. As long as they say they have that, we're willing to run their money for 10% of profits billable annually, or a reasonable fix fee. We have either or. So we really enjoy what we do. Our firm is increasingly, we run more and more like a family office because we're very fortunate. And I think I married well and I sold some business at the right time. But the bottom line, we love what we do. We heavily invest in what we do. We're not as big as a Ron Barron or anybody like that. We really enjoy what we do.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct. And we can slide, you know, we have beta, max drawdown, standard aviation, we have all kinds of different ways to slice it. But the bottom line is I'm actually safer today on 18 stocks than I'm on about 37 But that's the function of the optimization model is blending the dividend growth with the growth stocks. But we really enjoy what we do. We see it in our own products. We're one of the few managers that are willing to work for 10% of profits available annually. No fixed fee. Say that.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The market is shockingly narrow right now. Well, it's interesting you say risk, but my 18 stock portfolio is safe from the 37 because it's putting the dividend versus the growth stocks and they're all low risk stocks, but they move differently. So, as long as we optimize them properly, but you're ready, you're right. If I had an extraordinary event or if I laid an egg in one of them, I probably would have versification.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The little book that makes you rich with John Wiley and Introduced our stock greater, and that's all free in the public domain. We have a dividend grader service up there, and our dividend grader, believe it or not, has actually beaten our stock grader in the last 10 years, but barely. Now this locks in on dividend growth, not high dividend dividend growth. And when we merge the A rated stocks and dividend grader with the A rated stocks in stock grader, the results are incredible. I only can find three to four stocks a month. So I'm actually at the stage of my life where I'm running out of capacity. I'm running out places to put the money. And so we have very concentrated portfolios nowadays. And I can find that, you know, I can do better with an 18 stock portfolio than I can with a 37-stock portfolio. Market is so”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, we start everybody in blue chip growth, which is our flagship. And I think that's $240.9 a year. And then the emerging growth is a little bit more. That's more small cap. Then we have something called Ultimate Growth, where if we trade stocks that hold them about four to five months, more for the pensions. And then if you get all three, you get ultimate growth. And now we have a family trust service, which follows my wife's, my mother-in-law's money, a little more conservative than Blue Chip, higher dividend yield, buy and dip, sell in the strength. That's kind of plays the range of the stocks. And then we have a new dividend service. I should talk to you about mention something. You know, we have our stock grader, we're immensely proud of. We wrote a book on this.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct, and I made a lot of, I meet clients that think I'm running their money, and then I can't find them on our system because their brokers run it. Right. But the broker pays for a newsletter, so I don't argue. Okay.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“There's a lot of folks out there that are trading off our portfolios. It's somewhat stressful because we have a bit of a wake nowadays. So when we make a recommendation, there's a little blip on the stock. And I'll be honest with you, Zaxis picked me up 85% of the time. So there's another blip. So, this becomes an issue, but we do influence markets, but markets are also very fragile. It's funny.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct. And then my first letter was OTC Insight. Later renamed MPT Review. It's now called Emerging Growth. The publishers like to rename us. But that's how it all evolved. And then this guy Holbert picked me up and said nice things about me and that helped my career. And so publishing is still a big thing. You know, we're very popular in the brokerage world. The way it works is if a stock goes up, it's their idea. If it goes down, it's my idea. Oh, cool.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Kevin's Cal State Hayward, which is now called Cal State East Bay, but We were fortunate to get access to Wells Fargo's computer, so I'm old. You know, I had a slide roll. We used to punch cards. Anyway, so I figured out what was working. And then I built my own databases and every stock was a card going through a TI program will calculate. Every weekend I would get barons and I'd update everything and key it in and I had my own database. But in 7879 in the first few months 1980 you had a big small cap rally and then that bubble burst. But I knew there were anomalies on Wall Street. I could see them in small cap. And so I started in small cap assuming that was the least efficient place.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, first of all, I had been building databases behind the scenes. I was fortunate to get access to mainframe computers in college for most farmers. What was that?”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, there's two sites. I'd recommend Navalier.com, the management company, sign up for something called Market Mail, which is our free commentary. It comes out every Tuesday. My newsletter is Navalgrowth.com. We keep those businesses separate. But we have free databases on both sites and start playing around with our free databases. And of course, you're welcome to call us anytime you'd like more information.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Pointed out that the private economists say this. Okay, so now she's now quoting the private economists. The truth is there's a lot of money around the world. And with negative yields in Germany, Japan, Switzerland, money's going to keep pouring in the United States as long as we have higher rates in the rest of the world, as long as our currency is relatively stable. And as long as our economy is relatively decent, and I would make an argument that this strong dollar environment that has been haunting the United States and crushing corporate profits from the multinationals of commodity stocks is going to continue until our rates are as low as everybody else. And our Fed is not driving the bus. You know, under Bernanke, it was incredible.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The Fed caused this. The Fed is not driving the bus anymore. I am extremely frustrated by the Fed. I don't know why they have to, like in December they told us inflation is coming back, the economy is going to be strong, so we're going to have four rate increases. Then in March they said, oh, economy's not as strong as we thought. Inflation isn't here yet. We only have two rate increases. And of course, Janet Yellen made a very clear we're going to have one or no rate increases the other week after the FOMC minutes. RFED, I personally think they're manipulated by Goldman. Okay, there's a lot of Goldman economists that are chummy with a Fed economist. And maybe by getting the fed. Well, obviously, the Fed economists would like to work at Goldman, okay?”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I have a kid that goes to Stanford that's been highly recruited by some of the hedge funds to build the algorithmic models to basically trade off the HFT systems and adapt. He's never taken an accounting class. He wonders why I do fundamentals. But I'm not one of those quants. I'm a tax efficient quant. I hold stocks for over five quarters on average. I get predominantly long-term gains. The interesting thing about our models nowadays is dividend growth has invaded all our models because the S&P yields more than treasuries. The dividends were cut in the first quarter. 84% were in the energy sector. And the companies that were still boosting the dividends when others are cutting are an oasis. And of course, we've had this huge bond rally. And so dividends look a lot better nowadays. And of course, they are tax efficient by and large.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And I really enjoy earning seasons. So I'm a little old school, you know. I do meet a lot of 40 year olds that think I'm nuts for doing fundamentals. Okay. And these are gatekeepers at big firms, okay?”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Or whether they're trying to surf the HFT systems, the high frequency trading systems in that order flow. That's a lot of the hedge funds do that. In my case, it's about getting great risk adjuster performance. My system at this moment says Facebook is safer than Kroger. That may not be intuitive to you, but that's what it is. And if you chartered both, you'd see it. So obviously there's some more buying pressure under Facebook than there is Kroger. We know that Kroger's lower PE and all that kind of stuff. That's the first step of Quant. But then I basically try to, I score my stocks on various fundamental criteria that are very, very important because they're influencing all the order flow on Wall Street. There are quarters where earnings don't work, but I can tell you they're working the last couple quarters. And I go into every earnings season locked and loaded with Fundamental Spirit stocks.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I think the main thing people should realize a lot of the quants are basically doing it on order flow. So the nose on the dog versus the tail on the dog and whether they're trying to trade ahead of the Russell realignment, a tracking manager.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, there's two sides. I'd recommend Navalier.com, the management company, sign up for something called Market Mail, which is our free commentary. It comes out every Tuesday. My newsletter is Navalgrowthrowth.com. We keep those businesses separate. But we have free databases on both sites and start playing around with our free databases. And of course, you're welcome to call us anytime you'd like more information.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So that's how optimization works. We're always trying to get the smoothest, steadiest ride out there, and we're mentally proud of that.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Things are flying around because I know I got good earnings next quarter. And then, but as individual stocks become increasingly risky, I will trim them or replace them with safer stocks. And so that's the main reason we're selling. Most of the stuff we sell is actually pretty good. We just got to sell with something that's better. They'll have less volatility. And add the portfolio. So we're running the portfolios like you'd run a sports team. So if you're on my team and you lose a step because you're getting old and I'll throw you off the team or if you're young and you party too hard and you lose stuff for that, I'll throw you off the team for that. Usually I'll cut your minutes or I throw you off the team.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, the models are stress tested on a one and three year basis at the end of each earning season. Okay, so they're being upgraded right now because we're about to go into the earnings se Then the models are run every weekend. We actually do our research on weekends, and then our managers have what the models recommend for the next week. And we pretty much follow the models. And the only time we'll override them if there's merger news or something like that, or liquidity events. But we fly instruments. And then, of course, we have optimization models to weight everything to get it as smooth as possible. One of the great things about the modeling nowadays is because dividend stock zig when gross stock zag, you can mix dividend growth with real growth stocks and really reduce the volatility. So our trademark has become really as a good risk adjusted manager. Lower beta, lower max drawdown, lower standard deviation. And we're immensely proud of that. And then you can further do that by putting a tactical overlay on it if you want. But again, we're obsessed with risk control. That starts with a quant. We always have fundamentally superior stocks. I don't have to worry when.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Sure, and but I think what everybody has to realize is the market mutates, and I think the way I like to explain it is Bill Walsh used to be a good football coach because he had a system that no one had. And then it stopped working because it went all over the league. You know what I mean? Everybody figured out that West Coast offense. And that's how Wall Street is, whether it's cash flow, prices, sales, earnings momentum, surprises, whatever the factors are people are locking on, it will only work till everybody does it. So what we do is we figure out what's working and as the factors start to break down and get more volatile, they get trimmed from our models. And then we stress test everything. This is the fun part of what Navaler does. At the end of each quarter earnings season, we step in, we update the models, and we tweak them to lock in on what's working.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And I think they do a wonderful job. The pure quants like me with their databases online, no. But they are very academic. They like to talk about what's working on Wall Street. They love to put a historical perspective on stuff. We at our management company have a weekly free thing called Market Mail and we have a historian there because it's just fascinating to always look back and see where we're at. No, you never stop learning. And that's the fun part of our business. I will admit that the new quants trade a lot more than I do. But that's an order flow thing. I'm still kind of an old school behavioral finance fundamental guy. But I respect anything that works.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think the most readable people now from a publishing point of view are the folks at BSpoke. I think they do the... The most in your face, a graphically shocking research”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And that's what happened to Canada. Canada was broke 30 years ago. They doubled the size of their country by letting in people with money. So one thing you can say about America is at least our immigration is controversial, but we are letting a lot of very talented people in with money. And of course, there is this corruption crackdown in China that seems to be expediting it. Interestingly, the corruption crackdown isn't in the province where the president of China is from.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source