EP 73 - Greg Silberman - Financial Learning Tips from a Chief Investment Officer Part 2

Money Talks - Financial Learning Tips from a Chief Investment Officer Part 2 In business and finances, diversification is always the key. It’s all about exploring new markets and taking new risks. Today is a continuation of a three-part series with Greg Silberman, CIO of ACG Wealth. Greg is responsible for managing the firm's Global Investment Portfolio, as well as supervising the implementation of the company's Asset Management Strategies. Here are more takeaways on today’s podcast: Greg’s professional experience working with J.P. Morgan. His experience as a Chartered Financial Analyst. Why the more wealth you generate, the more diversification you should have. So listen to today’s episode to learn more about financial diversification as a means of managing risks. 00:41 (Steve recaps the last episode.) 01:44 (Greg talks about J.P. Morgan.) 04:27 (Greg shares his experience as a Chartered Financial Analyst.) 11:50 (Steve and Greg talks about business venture.) 14:55 (Greg’s talks about ACG.) Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, "You can have everything in your life you want if you help enough other people get what they want." It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope that you will join me on this Awesomer journey. 00:41 (Steve recaps the last episode.) Steve: It is a fascinating story, first of all it's hard to top hot audit talk. But when you get into derivatives swaps I mean come on we're good, we're just laying it out there for these guys, pure gold baby. So now, I love nerdy stuff and I'm a kind of a longtime computer guy Linux and all that from way back. So I definitely appreciate the fact that you were the guy at a world-class firm still to this day, J.P. Morgan would be a top five, or top three firm, if not the number one firm. What a great experience, and what a great opportunity for you to be there on the ground floor. By the way, that image you painted kind of seeing that the stock floor kind of opened up that very telling. Because that exciting floor atmosphere was something I think drew a lot of young people and especially those numbers, fascinating that you saw that. Once you got to J.P. Morgan, you started in that derivative business did you find that resonated with you, did you like that more than anything? It sounds like you did. 01:44 (Greg talks about J.P. Morgan.) Greg: I did. No question about it. I try to brush up as best as possible my visual basic skills and so I would create VBA scripts, to help. And then the whole question of valuation and linking into Bloomberg terminals and getting real-time valuation and front office to back office. It was just a wonderful experience and a great organization. But again Steve, it was just the scale which was just which just blew me away, I mean the notional value of these derivatives. Were in the hundreds and hundreds of millions of dollars. You speaking to a South African boy key, as we call him like a little South African guy, who was used to dealing with rands and Saints. It was just compelling for me and I thought it was almost like a puzzle, like I needed to figure out how this puzzle worked, and certainly most. So I had always been the case, but became even more of a market student went ahead and did my CFA and read all the market grapes, and the great traders, try to follow and understand. And I think that's when my education really did begin, because being an investor is very much again leaning back onto my psychology viewpoints. Being an investor is very much about