Brent Sullivan

speaker

332 appearances 1 recordings 1 series first heard Jul 2026 last heard 19 Jul

Brent Sullivan’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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WSJ's Take On the Week · How This $150B+ Wall Street Strategy Could Lower Your Taxes · 19 Jul 2026 podcast

It's a much more silent way.

You pay in terms of bid out spread.

That's true, but I'll say that that's the same with almost any investment product.

I mean, if it is appreciating, terrific.

Hooray, we achieved the first goal.

The second goal is, yeah, if you want to rebalance, then it's going to be difficult to get out.

But taxable or long-short is a flexible strategy.

You can move the leverage up and down per your risk tolerance, per your preference for the manager themselves.

If you need more leverage, if you need less leverage, those things are all dialable over time.

And as long as you have a really long-term focus, it can be very accretive.

So Miriam, you asked about cost and like, is it worth it?

Is there enough alpha out there to offset the entire stack of costs I just outlined?

And the costs, again, are management fees.

They are portfolio transactions and they are financing.

Add all those things together.

Are managers able to deliver enough alpha to compensate for all those costs?

This is where we have to go back to the long arc.

And the long arc says, again, there's these managers from the 80s and 90s and 2000s that have developed systematic strategies and they have long track records of outperforming.

And people don't believe this.

They say, oh, you know, like active managers are going to underperform.

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