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

“Collapse in the 80s Well, my son was at Stanford, has a lot of Chinese friends, and he's met all their parents because when their kids went to school here, they happened to come here. Apparently, it's not a problem getting in the United States if you bring some assets. I know we're in an election year. I'm not running for anything, but if I was, I would recommend we invite 100 million new foreigners. With about 2 million each to come to America”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. The Russians are up 60% in the last few years because the Ruba went to pot and then the Europeans are probably up 20 plus percent. This has nothing to do with real estate. This is just currency.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“They buy real estate, they buy everything, and it's just amazing. Of course, it's like a read over there. It's this worldwide limbo contest, and I would respectively argue that our rates are going to be driven lower by the form. Where I live in Florida, I'm the only American on my street. It's all Russians and Europeans now. And they've all bought homes in Florida. And they basically.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely of the future. I don't know how the ECB, the European Central Bank, gets out of this mess. They're not only at minus 40 basis points, when they boost their quantitative easing by 20 billion euros a month. The big thing wasn't the money. It says, oh, now you can buy corporate debt.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. Now it's exploding internationally because the rates are even lower there. My average large cap stock retires 6.2% of its float a year.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“No coordination with the central bank activity anymore. And so the market forces are really driving this. And of course, the low interest rate environment is causing buybacks explode. My”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“But now we have Mr. Carey, a Canadian running the Bank of England, King retired. Yellen replaced Bernanke. She went to Yale.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And with negative yields in Germany, Japan, Switzerland, money's going to keep pouring 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 for 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. He spoke to London School of Economics with Mervyn King in the audience and Draghi, and he said, I didn't just save the world. I didn't save the U.S., I saved the world. But he Draghi, Mervyn King, all went to MIT together.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. Oh, and by the way, Janet Yella in front of her congressional testimony the other day 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”
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 it 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 the Fed economists and maybe by getting the Federal Revolution.”
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
“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. So that's the first step of Quant. But then I basically I score my stocks on various fundamental criteria that are very, very important because they're influencing all the order flow on Wall Street. And 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 and I really enjoy earning season. 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
“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, 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.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And what it is in California, barely 3,000 people pay half that state's taxes. So what they do is a lot of people like to put their money in Nevada, buy a home in Lake Tahoe. And then they drive back to California. And as long as they don't spend more than five months there, they can live in California and not have to pay that $13.3.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“But I do have our private client group in New York City. I have our publishing business in Rockville, Maryland. But basically, tax-free states are very interesting places. Reno's a fascinating place because Reno has the Schwab office there the last I saw was the biggest in the world Shanghai's number two.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Got That's correct. And the bottom line is people are stressed over taxes. You know, I'm originally from California, and I just see the stress in everybody's face over there. The steps they go to to avoid paying taxes is quite interesting.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“This is when she was running against Bernie and was the original proposal. But if she's modified, that's a good sign. Of course, her husband cut capital gains. Maybe they should talk to each other about this.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And so that's why I've seeded funds with my own money. And they're all new and they're all not that big. But I'm having a ball and I hope people don't think bad about me that I'm helping them compound their money faster. But let's just say for our argument's sake, Hillary does become president. And she gets her way and we have to wait six years for long-term capital gains.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That is correct. I left a fun company that I'd been with over for 17 years as a sub advisor, and I left them last year at the end of the first quarter, and I was proud I was top 1%. But the tax time bomb that went off in that fund was just devastating. Really? And so basically when funds shrink, they become tax time bonds when they grow, they're tax efficient.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, I run to places like New York and Los Angeles, and I tell everybody that the New Yorkers don't have to move to Florida, that people in LA don't have to move to Nevada, just invest in one of my growing funds because you won't pay your fair share of taxes. If I grow a fund tenfold in fiscal year, we will only pay 10% of the taxes we should. If I grow at five-fold, we'll only pay 20. So this is a function of mutual fund accounting. So I purposely seed funds with my own money, and then I promote them and try to get them to grow so I can better compound my money and help people stay in Los Angeles, New York.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Now, over 90% of my personal money is in funds. So why do I do that? Well, I do it for very selfish reason. I sold a big chunk of my business a few years ago at a cash event. And so I have a lot of taxable money in the market. When I see a mutual fund and then I run around and grow it because people like me or whatever, something happens. What happens is the assets pour in the fund dilute the taxes.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I think I should just tell you why I invest them personally. Sure. Okay. I married a Canadian. She has money in the Caymans and a trust. We have to report to IRS. We're not allowed to buy U.S. funds over there, so I buy my ATF with Oppenheimer over And I think that ETF's fine if you want to buy and hold, it is not meant to trade. The spreads are still a little bit too wide. As it gets more liquid, maybe that'll change. But I think ETFs are better for buying, hold, investing than trading because that academic study that ETFs cost more to buy and sell. And then ETFs seem to have some liquidity issues during flash crashes, things like that. So buy and hold is fine trading no.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correctly, a rock is much bigger than all the fracking that we've got. But now you got Iran coming online depends on the tankers. And everybody's trying to outdo each other. So we're not going to know where oil is to September.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct. And what's happening is that Iraq is the big player. If I have a chart when I do a seminar is it shows where all the production is coming from.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, however, I have to say this. Oil always goes up in the spring Then always goes down in the fall. The inventories in America have tightened up. However, they're still higher than they were last year. They're higher than they are historically. Rotterdam in Europe is full. We kept any more oil there. They're still storing oil and tankers. We're nowhere to go. And so we still have a glut oil demands going up globally, but the supply went up faster.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And the energy companies are doing well because natural gas prices are up. This little heat wave we're having is helping. However, for”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, they finally figured it out, and that's why I've done it about face, and now they're surprising, they're capturing market share. And, you know, Wall Street is desperate for sales growth. When the second quarter earnings come out, it's going to be the sixth quarter row of negative sales in the S&P, largely because the multinationals of commodity stocks are hurt by the strong dollar. So anything that has positive sales growth is an oasis at this moment.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Way out of the BBC. They got fired and they had landed at Amazon, but 250 million is pretty good for three guys. I realize as a production team and a budget on top of that.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And my family does the same. We both subscribe to them. So here's my issue with Amazon. Last year it hit almost a thousand times trailing earnings. It lost money the first three quarters. The fourth quarter earnings were disaster 38% below endless estimates. The best thing I could say about Amazon late last year was trading at 200 times forecasted earnings. When I saw the first quarter results, I did an about face. First day surprise, they're making a lot of money in cloud computing. They are taking on Netflix and programming. You may know they paid those top gear guys to leave the BBC, only $230.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That is correct. So let me just walk you through Amazon because I didn't about face on it because I'm guessing slightly bipolar about that.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, yeah. So, but, you know, bubbles are created by these indices. I would respectfully argue that Tesla's valuation was largely caused by the QQQ. When Oracle left the QQQ, they put in Tesla and couldn't handle the money. And so you have to realize getting added to some of these baskets is the greatest thing that ever happens in some of these companies But the market right now is just too darn narrow to buy the baskets”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“As they parade it out of equal into cap in the last four months of the year, they made the big stocks bigger. As we started this year, I'm not anti-Fang, but I was especially anti Netflix because it was over 400 times earnings at the beginning of the year. Its earnings were forecasted to slide. So I run everybody to stay away, even though it was number one performer. I had some issues, evaluations, issues with Amazon, but I've since then about FACE because I was very impressed with Amazon's first quarter making money in the cloud, taking on Netflix, and actually they're even taking on Apple. If you buy an Apple TV, you can't get Amazon Prime because they have no device.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“It's exactly the same thing except in the GoGo 90s, it was concentrated in fewer stocks. And then, of course, we had the whole Fang issue last year where The top 10 stocks in the SP 500 did better than the other 490, but Facebook, Amazon, Netflix, and Google overpowered it. And actually, that was an ETF story. You see. The equally weighted ETFs got hit so hard in August. Some of the big wirehouses said, get the hell out of these things, go back to capweighted. So as they paraded out of us.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And Arista says we need to match this benchmark to cover our butt. So basically, that's why indexing evolved. And of course, they started with the S&P. And they've created monsters. Okay. To be honest with you, if you go back to the GoGo 90s, the big stocks are getting bigger because of the cap weight in the S&P just before the bubble burst in March of 2000. 54% of the S&P was in Seven Giant Tech stocks. The issue I have with indexing and people that just blindly buy baskets of stocks, they have no idea what they're buying fundamentally. Okay.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, correct. But the reason we're all supposed to earn the same amount of money, we're all supposed to index is because if we don't, we'll create social unrest. And so for peace, love, harmony, we're all supposed to just blindly follow each other. And by the index. However, I have no problem debating with Mr. Bogo. I respect him highly. But the real issue is that indexing evolved because they passed a law called ERISA.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I didn't. I'm basically from Berkeley, California. I'm fully trained in socialism. I was taught that we're all supposed to learn the same amount of money.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So you had all these big liquid ETFs being discounted at a shocking level. And so the ETF industry still has to deal with this. There's a big SEC investigation into this. But this is a big problem. And we're not anti-ETF, but we basically want everybody to know that when they turn the liquidity off of the market, don't sell your ETF.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct, but the specialists on the exchange likes to charge you a premium. When you buy and likes to charge you a discount when you sell. And then shortly after that study came out, we had August 24th. And what happened on the morning of August 24th, 1,278 stocks couldn't be priced because they hit the little circuit breakers on the stock exchange when they dropped more than 5%. They slowed the trading down. And for some reason, the specialist on exchange kept trading ETS, even though it could price the stocks.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That last point So, Stanford, UCLA, and Arneson University came out with a study last year that said the ETFs cost more than buy and sell in stocks. It was scandalous. Everybody says, they don't cost anything. They're free. These are nice people. No, no, no, no.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Sure. I have a smart beta ETF with Oppenheimer. I've had it for years. And that ETF happens to be sales weighted, rebalanced every quarter. So they basically took our top 100 A-rated stocks and we rebalanced quarterly to it. The thing with any smart beta product is what does it cost you to get in and out? And in the ETF world, you got to be careful because ETFs can have premiums to get in and discounts to get out. So you got to be really careful the rebalancing costs. So I think some of the smart beta products aren't as successful as they should be because of the actual trading costs to get in and out.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, we actually put all the research free on our websites, both on the publishing side and our management company site, but we have a dividend grader and a stock grader there. The dividend grader is mostly about return and equity, cash flow, sustainability, increasing dividends. Well, when you get to the stock grader, it's things like sales growth, margin expansion, earnings stability, earnings momentum, cash flow, return on equity, Alan's revisions, earnings surprises. Now, those aren't just all the criteria. We test. And when you get to small cap, surprises are a bigger deal. And so is momentum. When you get to large cap, stability is a bigger deal.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's correct. Arquan is just basically designed to find great risk adjusted performance and also to lock in on the fundamental anomalies that everybody's trying to identify. So we're a little different than most quants. Most quants nowadays just want a front-run order flow, whether it's the hedge funds front running the HFT order flow and just riding. It's kind of like surfing. And then there's the quants that basically front run the rustle rebalancing every year. So at the end of June, Russell does all its rebalancing. That's a huge deal for all the tracking managers because they want to be ahead of the rebalancing and the ETFs come in and pop everything. So MyQuan is totally different. I just want great risk adjusted performance. As things get volatile, we tiptoe out and I have to make sure they're always fundamentally superior. But what Wall Street wants fundamentally is changing. And that's the fun part of what we do is what we do is called behavioral finance. We lock in what's working on.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So I learned that I was lied to. There were anomalies on Wall Street. There are high office stocks. So I went out to document these anomalies. And originally I started in small cap and I'm still highly ranked there, but I'm predominantly a large cap manager right now.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Correct. It's all the tracking correlation. Anyway, I figured I need 332 stocks. So I was very proud of this 332 stock portfolio designed to track the S&P. But I have to admit to you, I was a failure. It started to beat the market, which was not the objective.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Prior to 1980, actually, when I was in college, I was building index products And I had access to Wells Fargo's computers, and indexing funds hadn't taken off then, but they were starting up. So we were trying to figure out how many stocks we needed to mirror the S&P 500.”
2016-07-11 · Masters in Business · Interview With Louis Navellier: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source