The Bull of Wall Street

The Bull of Wall Street
  • 5.0 (13)
  • BUSINESS NEWS

This podcast takes a unique approach in discussing various topics that are of interest to financial advisors and investors. The hosts Jimmy Lee, CEO, The Wealth Consulting Group (WCG), Jim Worden, CFA, CAIA, CMT, Chief Investment Officer (WCG), and Tally Léger, Chief Market Strategist (WCG) will have discussions that concern the markets, economy, strategies, financial planning, taxes, and life. The information herein is for informational and entertainment purposes and intended for use by advisors only, and should not be copied, reproduced, or re-distributed without the consent of WCG.

  1. 12/23/2025

    #54 – Phillip "Felipe' Toews - Author & Founder/CEO of Toews Asset Management on The Behavioral Portfolio, Long-Duration Risk, and Why the 60/40 Model Breaks When History Matters (recorded 12/15/25)

    In this episode, Phillip "Felipe" Toews, author of The Behavioral Portfolio and a long-time advocate for risk-aware investing, joins Jim Worden and Paisley Nardini for a deep, historically grounded conversation on why conventional portfolio construction often fails investors when it matters most. Drawing on decades of market history, Phillip explains how long-duration bear markets, not short-term volatility, create the greatest behavioral and financial risk for investors and advisors alike.   From the Great Depression to multi-decade bond bear markets, Phillip challenges recency bias, questions the foundations of the 60/40 portfolio, and outlines why advisors must think like chief risk officers first. The discussion explores behavioral finance, portfolio design, hedged equity strategies, adaptive fixed income, and why proactive communication, not reactive reassurance is critical to long-term client success.   What you’ll learn • Why the 60/40 portfolio is a historical accident not a true design framework • How long-duration bear markets reshape investor behavior and decision-making • Why recency bias causes advisors and clients to underestimate real risk • How rebalancing can increase drawdowns in severe market regimes • What “left-tail risk” really means for real-world portfolios • Why advisors must proactively discuss worst-case scenarios before they happen • How hedged equity strategies can preserve upside while limiting catastrophic loss • Why behavioral risk often matters more than market risk   Chapters 03:00 — Phillip's journey: from Kansas to asset management and risk mitigation 08:00 — Why investor timing destroys returns, even in good strategies 13:00 — The Great Depression, bond bear markets, and what history really shows 19:00 — Why the 60/40 portfolio fails during long-duration drawdowns 25:00 — Rebalancing myths and behavioral breakdowns in severe markets 31:00 — Rethinking portfolio design: cutting the left tail without killing upside 37:00 — Hedged equity, adaptive fixed income, and managing uncertainty 43:00 — Why advisors must act as chief risk officers 49:00 — Communicating risk before markets fall, not after Guest Phillip "Filipe" Toews, Founder & CEO, Toews Asset Management and Author of The Behavioral Portfolio   Hosts Jim Worden, Chief Investment Officer, WCG Paisley Nardini, Portfolio Manager, Simplify   Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice, and your life better. Subscribe at bit.ly/wealthcg

    1h 2m
  2. #53 – Ron Baron and Michael Baron of Baron Capital on Long-Term Ownership, Conviction Investing, and Building Generational Wealth (recorded 12/10/25)

    12/10/2025

    #53 – Ron Baron and Michael Baron of Baron Capital on Long-Term Ownership, Conviction Investing, and Building Generational Wealth (recorded 12/10/25)

    #53 – Baron Capital Founder and CEO Ron Baron and Co-President and Portfolio Manager Michael Baron on Long-Term Ownership, Conviction Investing, and Why Great Wealth Is Built by Owning Businesses   In this episode, Ron Baron, Founder and CEO of Baron Capital, and Michael Baron, Co-President and Portfolio Manager, join The Bull of Wall Street for a wide-ranging conversation on generational wealth, conviction investing, and why true long-term success comes from owning great businesses rather than trading headlines. Ron reflects on the personal experiences that shaped his philosophy, the discipline required to hold through volatility, and what he calls the true test of friendship in investing. The discussion also explores Baron Capital’s expansion into ETFs and how advisors can think about structure, implementation, and long-term portfolio construction in a rapidly changing market environment. What you’ll learn: Why Ron Baron believes generational wealth is created by owning businesses, not buying and selling stocksHow conviction is built through deep research and first-principles thinkingLessons from holding investments through severe drawdownsWhat the Elon Musk and X investment revealed about risk, patience, and partnershipHow Baron Capital is translating its philosophy into ETF structuresWhy active management still matters in transformational technology cyclesHow advisors can frame volatility with clients through a business-owner mindsetChapters 03:00 – From $100M to over $50B: the long road of ownership 05:30 – Why selling great companies too early taught Ron that wealth is built by holding. 08:30 – Michael’s perspective on growing into the process and building durable belief. 10:45 – What it means to stand by an investment when sentiment turns sharply negative. 16:30 – Why ETFs, why now 24:30 – Why transformational tech is not a bubble and why selectivity still matters. 32:30 – First principles and holding through volatility 40:00 – Why owning growing businesses remains the best defense against uncertainty.   Guest Ron Baron – Founder, CEO, and Portfolio Manager, Baron Capital Michael Baron – Co-President and Portfolio Manager, Baron Capital   Hosts Jim Worden – Chief Investment Officer, WCG Talley Leger – Chief Market Strategist, WCG

    42 min
  3. #52 – Julius de Kempenaer, creator of Relative Rotation Graphs on Relative Rotation Graphs, Sector Rotation Intelligence, and Why Momentum Still Rules the Markets

    12/04/2025

    #52 – Julius de Kempenaer, creator of Relative Rotation Graphs on Relative Rotation Graphs, Sector Rotation Intelligence, and Why Momentum Still Rules the Markets

    In this episode, Julius de Kempenaer, creator of Relative Rotation Graphs (RRG®), CMT charterholder, and one of the most influential technical minds in modern market analysis joins Jim Worden and Talley Leger for a deep dive into how professional investors spot rotation, manage risk, and visualize market leadership before it shows up in price. Julius shares the origin story behind RRG, why institutions rely on it globally, and how advisors can use rotation analysis to improve portfolio construction, timing, and client communication.   From sector rotation to asset-class mapping to avoiding the “doghouse quadrant,” Julius breaks down the tools and signals that he thinks matter most in today’s market.   What you’ll learn• How Julius invented Relative Rotation Graphs and why they changed market analysis• Why RRG captures true leadership changes better than traditional relative strength charts• How to read momentum, tail length, heading, and quadrant shifts with confidence• When a rotation may be an early warning signal vs. noise• Why tech dominance can distort traditional sector narratives• How to use RRG for equities, fixed income, currencies, crypto, and asset allocation• How advisors can use RRG visuals to simplify complex portfolio conversations   Chapters:02:00 — Julius’ unexpected path: Dutch Air Force captain to fund manager to technical pioneer07:00 — How RRG was born: the Bloomberg debut and the Excel “aha moment”12:00 — Sector rotation today: tech strength, defensive improvement, and warning signs17:00 — How to interpret tail length, heading, and quadrant transitions22:00 — Lagging → improving vs. leading → weakening: what matters most27:00 — Using RRG for multi-asset portfolios, yield curve analysis, and crypto32:00 — Benchmark selection: why picking the wrong benchmark breaks your analysis38:00 — How advisors can use RRG to communicate positioning and risk44:00 — The future of rotation analysis and why momentum still works   Guest:Julius de Kempenaer, CMT and Creator of Relative Rotation Graphs (RRG®)   Hosts:Talley Leger, Chief Market Strategist, WCGJim Worden, Chief Investment Officer, WCG   Follow us   LinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting Group   If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice and your life, better.Subscribe at bit.ly/wealthcg

    1h 6m
  4. #51 – Rebecca Patterson, Senior Fellow at the Council on Foreign Relations, on the “Jenga Tower Economy,” Policy Volatility, and What Could Shake Markets in 2025 (recorded 11/24/25)

    11/24/2025

    #51 – Rebecca Patterson, Senior Fellow at the Council on Foreign Relations, on the “Jenga Tower Economy,” Policy Volatility, and What Could Shake Markets in 2025 (recorded 11/24/25)

    In this episode, Rebecca Patterson, Senior Fellow at the Council on Foreign Relations and former Chief Investment Strategist at Bridgewater Associates, and Former Chief Investment Officer at Bessemer Trust, joins Jim Worden and Talley Leger to break down one of the most complicated macro environments of our careers. Rebecca explains why the U.S. economy resembles a “Jenga tower”, still standing, still rising, but increasingly unstable. She discusses the widening divide between large and small businesses, the uneven health of U.S. consumers, the risk implications of delayed tariffs, and why global policy uncertainty could matter even more than Fed cuts in 2025.   She also dives into the dollar, gold, the future of immigration and demographics, and what AI-driven productivity might mean for long-term growth. What you’ll learn Why Rebecca compares today’s economy to a “Jenga tower” with fewer supportsThe biggest risks to the 2025 outlook, including AI disappointment, Fed missteps, and wealthy consumer fatigueWhy small businesses are weakening more than large companies and why it mattersHow global fiscal challenges (“the Fragile Four”) could reshape currency dynamicsWhy the dollar’s next move may be lower despite global turbulenceHow AI, demographics, geopolitics, and climate will shape the next decadeWhat investors miss when they oversimplify tariffs and global trade flowsWhy diversification, not concentration, is the most important discipline heading into 2025 Chapters 02:00 — How Rebecca went from aspiring astronaut to journalist to global macro strategist 07:30 — The “Jenga tower economy”: strong on top, fragile underneath 12:00 — AI CapEx, wealthy consumer resilience, and what surprised markets in 2024 17:30 — What could cause the tower to wobble: labor trends, confidence, and policy volatility 23:00 — Tariffs, USMCA, and how global supply chains really work 28:00 — Dollar dynamics, the “Fragile Four,” and central bank gold buying 34:00 — Bitcoin, tech, and whether crypto selloffs can trigger equity contagion 41:00 — How macro frameworks evolve—and what doesn’t change 46:00 — Long-term themes: tech, demographics, geopolitics, and climate 51:00 — What investors should do now: diversify and avoid the panic trade Guest: Rebecca Patterson - Senior Fellow, Council on Foreign Relations Hosts: Talley Leger, Chief Market Strategist, WCG and Jim Worden, Chief Investment Officer, WCG   Follow us LinkedIn: https://www.linkedin.com/company/the-wealth-consulting-group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources that make your practice, and your life better. Subscribe: bit.ly/wealthcg

    52 min
  5. #50 – ARK Investment Management's Founder & CEO Cathie Wood on AI, Robotics, and the Next 10 Years of Disruption (recorded 11/19/25)

    11/19/2025

    #50 – ARK Investment Management's Founder & CEO Cathie Wood on AI, Robotics, and the Next 10 Years of Disruption (recorded 11/19/25)

    In this episode, Cathie Wood, CEO and founder of ARK Investment Management joins The Bull of Wall Street to explain why today’s innovation cycle is very different from the late-1990s tech bubble. She breaks down why the reality of technologies like AI, robotics, energy storage, multi-omics, and blockchain is here now, even as investors remain scarred by past manias. Cathie also dives into enterprise AI, Palantir’s role in transforming organizations, how ARK navigates drawdowns by concentrating into highest-conviction names, and what the world could look like in 10 years with autonomous vehicles, humanoid robots, and a fully financialized digital world.   What you’ll learn: Why the late-1990s tech bubble “came too early” and why this time the tech is actually readyHow AWS, deep learning, and transformer models set the stage for today’s AI waveWhy Cathie believes we’re closer to “1995 than 2000” in the AI adoption cycleHow enterprise AI (and Palantir’s ontology layer) may disrupt traditional consulting and SaaSHow ARK responds when innovation stocks sell off: concentration, scoring, and thesis riskWhich incumbents are most vulnerable to disruption in software, banking, transportation, and healthcareHow AI, digital assets, and quantum computing intersect — and what that means for BitcoinCathie’s 10-year vision: robotaxis, air taxis, Mars robots, healthspan breakthroughs, and a bigger digital economy  Chapters:  01:07 – Cathie’s journey: from AllianceBernstein to ARK and the seeds of today’s tech 04:35 – Why this isn’t the 1990s all over again: costs, readiness, and investor scar tissue 07:04 – AI in the real world: consumer adoption, enterprise bottlenecks & Palantir’s ontology 13:11 – Navigating drawdowns: ARK’s scoring system, high-conviction names, and crypto exposure 17:35 – Managing critics, staying focused on original research, and being a hedge to value traps 21:25 – Disruption ahead: SaaS, banks, rails, pharma/biotech, and the shift from “sick care” to healthcare 25:46 – Digital assets, quantum risk, and why AI may invest more capital than quantum (for now) 28:45 – Cathie’s 10-year outlook: autonomy everywhere, space infrastructure, humanoid robots & the future of work   Guest: Cathie Wood, CEO & Founder, ARK Investment Management Hosts: Jimmy Lee (CEO & Founder, WCG), Jim Worden (Chief Investment Officer, WCG), and Talley Leger (Chief Market Strategist, WCG)     Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice—and your life—better. Subscribe at bit.ly/wealthcg

    36 min
  6. #49 – Author and former chief investment strategist Jim Paulsen on Early-Cycle Signals, Pessimistic Sentiment, and Why This Bull Market May Be Younger Than It Looks (recorded 11/17/25)

    11/17/2025

    #49 – Author and former chief investment strategist Jim Paulsen on Early-Cycle Signals, Pessimistic Sentiment, and Why This Bull Market May Be Younger Than It Looks (recorded 11/17/25)

    In this episode, Jim Paulsen, PhD-trained economist and Paulsen Perspectives author, returns to The Bull of Wall Street to decode one of the strangest economic periods in modern history. Jim explains why this bull market may actually still be in its early stages, how policy has been historically tight beneath the surface, and why easing could unlock a broadening beyond the mega-cap names. He also dives into the misunderstood relationship between AI, productivity, and the future of work, and why the long-term outlook may be more optimistic than headlines suggest.   What you’ll learn: Why Main Street sentiment looks like a recession despite rising marketsHow tech’s innovation cycle diverged from the traditional business cycleWhy Jim believes this bull market behaves like an early-cycle advanceHow policy (rates, M2, yield curve, dollar) has remained too tight for too longWhy small caps and cyclicals may be set for a catch-up tradeHow AI and productivity shifts could shape future growthWhy the U.S. has a growth problem, not an inflation problemJim’s long-term optimism for technology, global connectivity, and economic resilience  Chapters: 02:00 – Is this a new bull market? Sentiment, character, and early-cycle signals 06:00 – The sentiment puzzle: Why Main Street feels terrible while markets rise 12:00 – Tech vs. the rest: How the “new era” economy masked an old-economy recession 18:00 – Productivity, profits, and why tech may operate on its own innovation cycle 24:00 – Policy has been historically tight — and how easing could broaden the market 31:00 – Small caps, cyclicals, and the setup for a potential rotation 40:00 – AI: Productivity miracle, job fears, and long-term economic impact 53:00 – Recession fears, the Fed’s dilemma, and why growth—not inflation—is the bigger issue 01:04 – Jim’s long-term optimism: Technology, connection, and the next decade   Guest: Jim Paulsen, Paulson Perspectives  Hosts: Jim Worden (CIO, WCG), Talley Leger (Chief Market Strategist, WCG), & Paisley Nardini (Investment Committee, WCG)   Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup     Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice—and your life—better. Subscribe at bit.ly/wealthcg

    1h 8m
  7. #48 - Ethos Investment Management founder & CIO James Fletcher on Emerging Markets, Boots-on-the-Ground Alpha, and Building the Next Generation of Investors (recorded 11/10/25)

    11/11/2025

    #48 - Ethos Investment Management founder & CIO James Fletcher on Emerging Markets, Boots-on-the-Ground Alpha, and Building the Next Generation of Investors (recorded 11/10/25)

    In this episode, emerging markets specialist and Ethos Investment Management founder James Fletcher joins host Jim Worden to unpack how “Warren Buffett-style” investing can thrive in inefficient markets, and why pairing returns with real-world impact can be a durable edge. James shares how Ethos uses a global network of locally based analysts and BYU Pathway graduates to uncover under-covered opportunities, and how Young Investor Society grew from one inner-city classroom to 3,400 high schools in 80 countries.   What you’ll learn: How a boots-on-the-ground research model uncovers alpha in emerging marketsWhy small- and mid-cap stocks in places like India, the Philippines, Kenya, and Poland are so inefficientHow the Ethos Pathway Fund structure ties management fees directly to funding analysts from underprivileged backgroundsThe origin and global reach of Young Investor Society, and why high school students can be serious equity analystsWhere James sees the most compelling EM opportunities over the next 3–5 years (India, Southeast Asia, “Mag-7-adjacent” tech in Taiwan & Korea)His nuanced take on China, EVs, and domestic champions vs. multinationals  Chapters: 02:05 – From Brazil mission to emerging markets investor: James’ path to Ethos 04:00 – Launching Ethos and building a locally based analyst team 07:00 – BYU Pathway and the Ethos internship: turning education into alpha 14:05 – Young Investor Society: from one LA classroom to a global program 29:00 – Real-world examples: Philippine ports, Kenyan telecoms, and finding mispriced quality 31:20 – Accessing India and other hard-to-reach markets 34:20 – EM vs. US: currencies, valuations, and why James is bullish on EM now 38:50 – China, EVs, and the rise of domestic champions 46:55 – Scaling the Pathway model and what’s next for Ethos 49:20 – How advisors and investors can think about EM allocations and get involved   Guest: James Fletcher, Founder & Chief Investment Officer, Ethos Investment Management Host: Jim Worden, Chief Investment Officer, The Wealth Consulting Group   Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice—and your life—better. Subscribe at bit.ly/wealthcg

    52 min
  8. #47 - Fairlead Strategies founder and technical strategist Katie Stockton on Technical Analysis, Trend Discipline, and Building a Risk-Aware ETF (recorded 11/03/25)

    11/03/2025

    #47 - Fairlead Strategies founder and technical strategist Katie Stockton on Technical Analysis, Trend Discipline, and Building a Risk-Aware ETF (recorded 11/03/25)

    In this episode, technical strategist and Fairlead Strategies founder Katie Stockton, CMT, joins hosts Jim Worden and Talley Leger to explore the discipline of technical analysis—how it complements fundamentals, informs risk management, and shapes portfolio strategy. Katie shares the story behind launching the Fairlead Tactical Sector ETF (TACK) and how she applies a systematic, long-term approach to identifying opportunities and managing drawdowns.   What you’ll learn:  •  Why technical and fundamental analysis work best together  •  How to apply trend-following and momentum without chasing noise  •  Lessons from launching an ETF built for risk-aware investors  •  How advisors can use sector rotation and cross-asset diversification  •  Common mistakes advisors make when applying momentum or trend models  •  Katie’s most under-appreciated indicators for gauging trend exhaustion   Chapters02:00 – From CMT to entrepreneur: Katie’s journey to Fairlead Strategies06:00 – Launching TACK: designing a risk-aware ETF12:00 – Technicals vs. fundamentals: finding balance18:00 – Sector rotation and market breadth24:00 – Risk management and adaptive models31:00 – The art of using indicators effectively45:00 – How advisors can apply trend discipline in practice58:00 – Katie’s most underrated tools and closing thoughts   Guest: Katie Stockton, CMT, Founder & Managing Partner, Fairlead StrategiesHosts: Talley Leger (Chief Market Strategist, WCG) & Jim Worden (CIO, WCG)   Follow usLinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting GroupIf you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice—and your life—better.Subscribe at bit.ly/wealthcg

    1h 3m
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5
out of 5
13 Ratings

About

This podcast takes a unique approach in discussing various topics that are of interest to financial advisors and investors. The hosts Jimmy Lee, CEO, The Wealth Consulting Group (WCG), Jim Worden, CFA, CAIA, CMT, Chief Investment Officer (WCG), and Tally Léger, Chief Market Strategist (WCG) will have discussions that concern the markets, economy, strategies, financial planning, taxes, and life. The information herein is for informational and entertainment purposes and intended for use by advisors only, and should not be copied, reproduced, or re-distributed without the consent of WCG.

Information

  • Creator
    The Bull of Wall Street
  • Years Active
    2024 - 2025
  • Episodes
    53
  • Rating
    Clean
  • Copyright
    © The Bull of Wall Street
  • Show Website
    The Bull of Wall Street

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