Nobel Laureate Dr. Robert C. Merton Joins Gregg Fisher’s ‘The Q Factor’ Podcast to Sound Alarm on Retirement Funding

Gerstein Fisher Founder’s Podcast Examines How Data and Analytical
Thinking Is Revolutionizing the World Inside and Outside of Finance

NEW YORK–(BUSINESS WIRE)–Gregg Fisher, Portfolio Manager and Head of Research at investment
management firm Gerstein Fisher, recently launched ‘The
Q Factor
,’ a podcast series consisting of conversations with leading
quantitative thinkers from all corners of our economy who explore the
remarkable ways in which data and quantitative analysis are shaping the
modern world. His latest guest, Dr. Robert C. Merton, who received the
Nobel Prize in Economics in 1997, sounds the alarm about what he sees as
the next great financial crisis: retirement.

On ‘The Q Factor,’ Dr. Merton discusses his early career as well as his
pioneering use of data on pricing derivatives with Myron Scholes. He and
Mr. Fisher move on to discuss the definition of a good retirement, the
myths of return assumptions, the importance of saving, and how the move
to defined contribution plans from defined benefits plans has affected
the retirement calculus. He also notes a fundamental misunderstanding on
the part of would-be retirees, propagated in large part by the financial

“When it comes to retirement, some people think that in the long run
they don’t really have risk in the equity markets, and that if they stay
around long enough, stocks will surely realize the returns expected from
them, and thus, be enough to retire on,” says Dr. Merton. “But look at
Japan–a large, stable wealthy country, its stock market is 42% lower
today than at its peak… 29 years ago. There’s nothing that guarantees
equities will go up– let alone realize their expected return—even
over a generation. You might respond that over the long term US stocks
have always outperformed, but the U.S. has been a special case over the
last hundred years. If you know for sure which country will be the
leading global economy in a hundred years, then by all means invest in
that stock market, but I think a more measured approach based on real
data is the way forward.”

Guests on ‘The Q Factor’ have included innovators, politicians, and
business leaders, but the format is not limited to any discipline. As a
pioneer in data-driven investment strategies, Gregg is interested in
exploring any field or discipline where data is changing and shaping the
conversation. Upcoming guests include Andrew Ang, Head of Factors,
Blackrock; Satish Tripathi, Data Scientist and President, University of
Buffalo; and Jesse Redniss, Chief Data Officer, Turner. Past guests have
included Ethan Roeder, National Director for Barack Obama’s presidential
campaigns (Data Meets the Midterms); and Anne Milgram, former
Attorney General of New Jersey (Finding Justice Through Data).

“With ‘The Q Factor,’ I am exploring how big data and quantitative
analysis have been upending every aspect of our world with the people at
the forefront of this movement,” says Mr. Fisher. “I believe we all
become smarter, and better investors and citizens as we see these tides
of change more clearly.”

You can listen and subscribe to ‘The
Q Factor
’ on Google Play, Apple Podcasts, Spotify, and Stitcher.

About Gerstein Fisher
Gerstein Fisher was founded over a
quarter-century ago by factor-investing pioneer Gregg Fisher, Portfolio
Manager and Head of Research for Gerstein Fisher and its funds. Gerstein
Fisher manages assets using a quantitative, Multi-Factor®
approach grounded in economic theory and time-tested academic research.
Drawing on a deep understanding of both market dynamics and investor
behavior, Gerstein Fisher brings empirical evidence and cutting-edge
research to its client portfolios. For more information, please visit
and @GersteinFisher.

About Gerstein Fisher’s Multi-Factor® Investment Approach
Fisher’s Multi-Factor® investment approach relies on a quantitative
methodology designed to offer core asset-class representation along with
the potential for strong, consistent results for investors with long
investment horizons. This approach can leverage information about the
markets and security characteristics traditionally associated with
outperformance in portfolios with high expected returns.

Investment Products & Services

Not insured by FDIC or any Federal Government Agency
May Lose Value
a Deposit or Guaranteed by a Bank or any Bank Affiliate

Gerstein Fisher is a division of People’s United Advisors, Inc., a
registered investment advisor. People’s United Advisors, Inc. is a
wholly-owned subsidiary of People’s United Bank, N.A.

A copy of
our written disclosure statement discussing the scope of our services,
fees and conflicts is available upon request or at
Please remember that different types of investments involve varying
degrees of risk, and it should not be assumed that future performance of
any specific investment or investment strategy (including the
investments and/or investment strategies recommended and/ or undertaken
by Gerstein Fisher) or any investment-related or financial planning
consulting services will be profitable, or prove successful. Past
performance is not an assurance of future results. This is not to be
construed as an offer to buy or sell any financial instruments.


Tyler Bradford
Hewes Communications

error: Content is protected !!