Liz Ann Sonders and Steve Curley, CFA - COVID-19: A Y-Shaped Recovery

This episode features Liz Ann Sonders, Chief Investment Strategist at Charles Schwab.  In 1999, Liz Ann joined U.S. Trust—which was acquired by Schwab in 2000—as a Managing Director and member of its Investment Policy Committee. Before U.S. Trust, Liz Ann was a Managing Director and Senior Portfolio Manager at Avatar Associates (1986-1999), an original division of the Zweig/Avatar Group. She was recently named to the inaugural Barron’s “100 Most Influential Women in U.S. Finance.”

In this episode, Liz Ann discusses her career path from Zweig/Avatar Group to Charles Schwab, gender diversity within the industry, how she decides what content to read, how she utilizes Twitter day-to-day, why she thinks the recovery will take the shape of a “Y,” and why she thinks diversification is as important as ever right now. 

Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL

(0:38) -  Colby Donovan and Steve Curley introduce the podcast

(1:26) – Introduce Liz Ann Sonders

(1:52) – Her career path

(3:16) – Thoughts on gender diversity within finance

(7:45) – How she scales herself around the Charles Schwab platform 

 (13:45) – How she utilizes Twitter 

(16:13) – Her typical week and how that may change after social distancing measures are reduced

(18:45) – Her thoughts on a possible “Y” shaped recovery

(21:02) – Mistakes she could see investors making as the market rebounds

(25:00) – What parts of the market she likes long-term

(28:35) – Diversification benefits

(30:34) – Why she thinks healthcare will drive the U.S. 

(31:40) – Follow her on Twitter @LizAnnSonders and read her research here

(33:10) – End of episode questions

Past guest include Cliff Asness, Jason Zweig, Annie Duke, Morgan Housel, Raphael Bostic, and many more.