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Owen Rascovitch

πŸ‘€ Speaker
1951 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Expert Guest: Ted Richards

Thanks, Kate.

Australian Finance Podcast
Expert Guest: Ted Richards

It's our privilege to have you here.

Australian Finance Podcast
Expert Guest: Ted Richards

You're a former AFL superstar.

Australian Finance Podcast
Expert Guest: Ted Richards

You've got your own podcast.

Australian Finance Podcast
Expert Guest: Ted Richards

You're working at Sixpack.

Australian Finance Podcast
Expert Guest: Ted Richards

Before we get stuck in, I'm going to jump in because I would like to, and I think our listeners would benefit from this, is just learning more about you.

Australian Finance Podcast
Expert Guest: Ted Richards

You said finance investing has been a passion for you for a long time.

Australian Finance Podcast
Expert Guest: Ted Richards

How about you just give us the quicker version of your history, particularly growing up, was money a part of your life, was finance, anyone mentor you, anything like that?

Australian Finance Podcast
Expert Guest: Ted Richards

So there's this belief in investing in markets that there's effectively three types of investing edges that you can have.

Australian Finance Podcast
Expert Guest: Ted Richards

And the first one would be an analytical advantage, so you think that people are really intelligent, therefore they would be better investors, which isn't always the case, as we know.

Australian Finance Podcast
Expert Guest: Ted Richards

The second one might be an informational advantage, and that might be having access to information first or just better information more broadly.

Australian Finance Podcast
Expert Guest: Ted Richards

But the third one, which I believe overrules everything else, is this behavioural edge.

Australian Finance Podcast
Expert Guest: Ted Richards

And you and what you and the team do at Sixpack is very interesting in this respect.

Australian Finance Podcast
Expert Guest: Ted Richards

I think this is where you personally and as an organization can add a lot of value beyond just the simple analytics because you've got computers that can do the analytics.

Australian Finance Podcast
Expert Guest: Ted Richards

You've got the access to the same information everyone else has.

Australian Finance Podcast
Expert Guest: Ted Richards

So what's your advantage?

Australian Finance Podcast
Expert Guest: Ted Richards

And I think if you can incorporate the behavioral aspect, how you can teach your clients, I think that's a huge advantage for you.

Australian Finance Podcast
Expert Guest: Ted Richards

when they go to make a trade or to sell or something like that, you can actually prompt them and say, hey, if you do this, this is the tax outcome.

Australian Finance Podcast
Expert Guest: Ted Richards

This is likely what you're feeling.

Australian Finance Podcast
Expert Guest: Ted Richards

And it's simply because the computer can run an algorithm over your decision-making effectively and see what thousands of other people have done before you and then analyze what the expected outcome is.