Founder, Ferri Investment Solutions; host, Bogleheads on Investing
4 dated public stances tracked since 2022-08-18, most recently 2022-08-18. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Rick Ferri's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Rick Ferri is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2022-08-18 | USTS | owns | -5.5% | -5.3% | -7.1% |
| 2022-08-18 | Small Caps | bullish | -6.9% | -2.3% | -5.7% |
| 2022-08-18 | PFFD | bullish | -7.0% | -1.7% | -10.1% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| PFFD | 1 | | 1 bullish | 2022-08-18 |
| REAL ESTATE / REITS | 1 | | 1 bullish | 2022-08-18 |
| Small Caps | 1 | | 1 bullish | 2022-08-18 |
| USTS | 1 | | 1 bullish | 2022-08-18 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2022-08-18
REAL ESTATE / REITS
bullish
Excess Returns · video
Rental income represents 13–15% of national income but is not reflected in the stock market, so adding a REIT index fund makes a portfolio mirror the actual economy rather than just the publicly listed equity universe
“If we want our portfolio to look more like the economy than the stock market then we need to add more real estate”
Show Us Your Portfolio: Rick Ferri | Why a Simple Approach Beats 90% of the Pros
2022-08-18
PFFD
bullish
Excess Returns · video
Financial companies are structurally forced to issue preferred stock (can't issue debt as banks, don't want to dilute equity), creating a persistent high-yield fixed income asset with tax advantages for taxable accounts
“I've been in the preferred stock market for 30 years. Mostly financial companies”
90d -7.0% · 180d -1.7% · 1y -10.1%
Show Us Your Portfolio: Rick Ferri | Why a Simple Approach Beats 90% of the Pros
2022-08-18
USTS
owns
Excess Returns · video
I bonds serve as a cash substitute within fixed income while providing a direct inflation hedge at the maximum annual purchase limit, making them the only portfolio adjustment warranted in a high-inflation environment
“I have been buying my $30,000 worth of I bonds…that's just a cash substitute, actually”
90d -5.5% · 180d -5.3% · 1y -7.1%
Show Us Your Portfolio: Rick Ferri | Why a Simple Approach Beats 90% of the Pros
2022-08-18
Small Caps
bullish
Excess Returns · video
Small cap value equities emulate private equity returns because the market discounts their valuation for higher perceived risk, so investors who stay committed for 25+ years capture a risk premium unavailable elsewhere in public markets
“Small cap value investing factor investing is a lifelong investment strategy”
90d -6.9% · 180d -2.3% · 1y -5.7%
Show Us Your Portfolio: Rick Ferri | Why a Simple Approach Beats 90% of the Pros
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