My chat with Bob Maynard, Chief Investment Officer of the Public Employee Retirement System of Idaho, about different approaches to asset allocation and factor strategies.

Bob gives some fantastic advice to formulating an investment strategy in five steps.

There’s a very honest discussion about the value of active management (“I just hope that they don’t hurt me”) and some great advice on the risks of hiring and firing fund managers that charge performance fees.

Bob is a real character, and our chat is full of great one-liners.