DoubleLine Podcasts

S6 E6 Brendt Stallings, Portfolio Manager – DoubleLine, The Sherman Show

DoubleLine Capital portfolio manager Brendt Stallings joins DoubleLine Deputy Chief Investment Officer Jeffrey Sherman and portfolio manager Samuel Lau for a broad discussion of the U.S. equity market on The Sherman Show. Much of their discussion centers on the prospects for forward-looking, long-term returns based on the Cyclically Adjusted Price-to-Earnings (CAPE®) ratio devised by Dr. Robert Shiller; the ratio’s use as a tool in making allocation decisions; the calculation of the ratio; and critiques of the CAPE® ratio as well as Mr. Stallings’ critiques of those critiques. Among other topics, the discussion also covers the divergence between the U.S. stock market versus stock markets outside the U.S., the durability of business-cycle theory in the face of the longest U.S. economic expansion post-World War II and valuing equities in a “bizarro world” of negative interest rates. This segment of The Sherman Show was recorded August 26, 2019.

Guest Speaker Bio

The views and opinions expressed herein are as of the date recorded and should not be construed as an offer to buy or sell any securities. Such views/opinions may differ from those of DoubleLine Capital or other of its affiliates and are subject to change without notice. DoubleLine has no obligation to provide any updates or changes. The following audio presentations represent DoubleLine’s intellectual property. No portion of these presentations may be published, reproduced, transmitted or rebroadcast in any media in any form without the express written permission of DoubleLine. DoubleLine has no obligation to provide any updates or changes. To receive permission from DoubleLine please contact [email protected].

Neither DoubleLine nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.

DoubleLine is not providing any financial, economic, legal, accounting or tax advice in these podcasts. The receipt of these podcasts by any listener is not to be taken as constituting the giving of investment advice by any DoubleLine entity or individual to that listener, nor to constitute such person a client of any DoubleLine entity. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.



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