Liquid Private Equity & Volatility Laundering (Owen Lamont & Randy Cohen) #625

Today’s guests are Owen Lamont, a Portfolio Manager at Acadian Asset Management, and Randy Cohen, a finance and entrepreneurship professor at Harvard Business School and co-founder of PEO Partners, which is a leader in the emerging liquid Private Equity alternatives space. In today’s episode, Owen Lamont and Randy Cohen begin with a deep dive into private equity, how to model it in public markets, and why investors are searching for liquid ways to access private-market-like returns. They challenge common views on concentration, market valuations, and explain how investors should think about bubbles and technological change. They also discuss whether the US stock market is Koreafying and the long-term forces that could shape the investing landscape. (0:00) Starts (0:34) Welcome Owen and Randy (5:14) Private equity overview (9:20) Liquid private equity (20:05) The US stock market is Koreafying (24:29) The IPO landscape (36:03) CAPE Ratio and AI (44:45) Best ideas investing (58:44) Deglobalization increases the benefits of diversification (1:00:36) Randy's five future fears (1:11:09) Book recommendations ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and

You can listen to Liquid Private Equity & Volatility Laundering (Owen Lamont & Randy Cohen) #625 online on Radio and Podcast. Open the player on this page to stream the available audio.

Liquid Private Equity & Volatility Laundering (Owen Lamont & Randy Cohen) #625 is an episode from The Meb Faber Show by The Idea Farm.

This episode is 81:04 long.

This episode was published on Apr 7, 2026.

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