January Main Event with Nicholas Atkeson: How do you Make Money in a World Where the Financial Experts are Always Wrong

In the past four years, the experts (investment banks, Federal Reserve, the Conference Board, CNBC, etc.) have been mostly wrong about their market projections. The magnitude of the variance between projection and reality has been enormous. In 2020, we had a pandemic and economic shut-down. The S&P 500 appreciated 18%. In 2021, the negative effects of the pandemic were supposed to hold the stock market back. The S&P 500 was up 28%. In 2022, there supposedly was no recession but the S&P 500 had an intra-year decline of 25% and there were two sequential quarters of negative GDP growth. In 2023, we entered the year with the most predicted recession in history and an expected S&P 500 earnings collapse. Year-to-date, the S&P 500 is up 19% on better-than-expected earnings and GDP growth and lower than expected inflation.

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Speaker Bio & Session Info

  • Nicholas Atkeson is a founding partner of Delta Investment Management LLC, a registered investment advisory firm based in San Francisco. Prior to founding Delta Investment Management, Atkeson was a partner and portfolio manager of Delta Force Capital LLC, a San Francisco-based hedge fund from 2006 to April 2009. Prior to Delta Force Capital, Atkeson was a managing director for Banc of America Securities and Susquehanna International Group LLC. He is co-author of “Win by Not Losing: A Disciplined Approach to Building and Protecting Your Wealth in the Stock Market by Managing Your Risk” (McGraw-Hill, 2013). Atkeson graduated from Haverford College (BA economics) and from Stanford Graduate School of Business.

  • 1. What is causing the forecasts to be so wrong and when will historical financial relationships re-establish themselves?

  • 2. Financial innovations, especially in Exchange Traded Funds (ETFs), that allow investors to participate on the upside and protect against downside.

  • 3. Using volatility to your advantage in a disciplined, multi-asset investment approach.

About This Meeting

AAII Silicon Valley Chapter hosts several main meetings and meetups by webcast throughout the year. These meetings are funded by members and attendees who are willing to donate $5 or $10 to attend our main events. Please consider doing that when you register to attend on our Eventbrite Registration System. We also welcome those who attend our Webinars and Meetups for free. Be sure to register on Eventbrite here to receive email notices with the Zoom meeting link, as well as the link to the recording after the event. Currently all our meetings are hosted on Zoom and you can get notices on all our events by checking out our website here, or by following us on Eventbrite and Meetup.