In the 76th episode of The Market Misbehavior Podcast, host Dave Keller sits down with Steven Bavaria—author of The Income Factory and publisher of “Inside the Income Factory” on Seeking Alpha—to explore a radically different way of thinking about portfolio growth. Rather than chasing price appreciation, Steven explains how to build long-term wealth through credit-driven income streams, steady reinvestment, and the disciplined use of closed-end funds and private credit structures. Recorded 11/4/25.

Topics covered include:
📈 The Income Factory framework: compounding through consistent cash flow
📈 Senior loans, high-yield bonds, and BDCs as income-building tools
📈 Why closed-end funds offer unique opportunities through discounts and leverage
📈 The rise of private credit and how it reshapes access to yield
📈 Portfolio maintenance: managing risk, reinvesting income, and avoiding timing traps
📈 Market psychology, “price obsession,” and why most investors overlook cash flow
📈 What’s changed (and what hasn’t) since The Income Factory was first published

Key takeaway: True compounding comes from consistency, not prediction. By focusing on durable income, reinvestment, and risk-aware credit exposure, investors can build a portfolio that grows steadily—even when markets fluctuate. Steven’s approach reframes what “total return” really means for today’s income-focused investor.

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.

In the 75th episode of The Market Misbehavior Podcast, host Dave Keller sits down with Mike Dickson, Head of Research & Quantitative Strategies at Horizon Investments, for a deep dive on benchmarks, factor models, and why the path of returns matters as much as the destination. Drawing on his journey from academia to portfolio management, Mike explains how to translate elegant backtests into resilient, real-world strategies—especially in an era when the top 10 names dominate the S&P 500. Recorded 10/28/25.

🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse
📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.

In the 74th episode of The Market Misbehavior Podcast, host Dave Keller sits down with Jonathan Hoenig, founder of Capitalist Pig Asset Management, for a wide-ranging discussion on markets, discipline, and the enduring importance of price. Recorded live at the MoneyShow Orlando, the conversation traces Jonathan’s career from the trading pits of the Chicago Board of Trade to his evolution as a portfolio manager and advocate for price-based, technically driven investing. Recorded 10/16/25.

Jonathan emphasizes that successful investing depends less on prediction and more on consistency, risk management, and respect for market trends. The conversation offers valuable insights for traders, advisors, and long-term investors seeking to refine their process and mindset in an increasingly complex market environment.

🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse
📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.

In the 73rd episode of the Market Misbehavior podcast, Alicia Levine, Head of Investment Strategy and Equities at BNY Wealth, joins Dave Keller to share her perspective on U.S. markets, global policy shifts, and the delicate balance between long-term fundamentals and short-term volatility. Recorded live at the MoneyShow Orlando, Alicia explains why she still views the U.S. economy as exceptional, not vulnerable—and why investors shouldn’t fear new highs. We discuss her transition from academia to Wall Street, how she leads BNY’s investment strategy committee, and the frameworks she uses to navigate inflation, tariffs, and crowded trades in a complex policy environment. Recorded 10/16/25.

🎧 What you’ll learn:
Why Alicia believes the U.S. remains the most investable market globally
What her team watches inside BNY’s Investment Strategy Committee
How to think about all-time highs, pullbacks, and forward returns
Lessons from moving from academia to active investing
How policy shocks and fiscal dynamics drive volatility
The role of gold, the dollar, and international diversification in today’s portfolios

🔧 Tools & concepts mentioned:
Market cycles • Earnings momentum • Policy risk • Diversification frameworks • Asset allocation discipline • Behavioral bias awareness

🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse
📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.

In the 72nd episode of the Market Misbehavior podcast, former health-insurance exec Vibha Jha shares how she taught herself to invest, posted triple-digit returns, and topped the U.S. Investing Championship leaderboard—three separate years. We dig into her rules for buying, selling, handling earnings season, and using tools like follow-through days and the 21-day EMA. If you’ve ever wondered how to marry fundamentals with technicals (à la Peter Lynch + William O’Neil), this one’s a masterclass. Recorded 10/21/25.

🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse
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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.

In the 71st episode of the Market Misbehavior podcast, Dave speaks with Tom Atkinson, Co-founder of FX Evolution. Tom shares hard-won lessons on risk management (including how he caps sector exposure), scaling into winners, avoiding FOMO, and using market cycles and macro “pillars” (population, innovation, debt) to stay on the right side of big trends in 2025. Recorded 10/13/25.

You can learn more about Tom's work at https://www.fxevolution.com/ and check out his daily show at https://www.youtube.com/⁨@fxevolutionvideo⁩.

🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse
📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.

In the 70th episode of the Market Misbehavior podcast, Dave speaking with Simon Ree, Founder of The Tao of Trading. Simon discusses how martial arts training has helped him become a more mindful trader, how he uses moving average ribbon techniques to define market trends, warning signs he's looking for in Q4 after the incredible run higher for stocks, and how he coaches traders to use the options market to manage risk. Recorded 10/9/25.

You can learn more about Simon's work at https://taooftrading.com/ and check out Simon's book "The Tao of Trading" https://amzn.to/4nON5Q4.

🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse
📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.

In the 69th episode of the Market Misbehavior podcast, Dave catches up with Mary Ellen McGonagle, Founder and President of MEM Investment Research. Mary Ellen discusses her formative years as an institutional investor, lessons learned working with legendary investor William O'Neil, a new phase for the AI trade, strategies for playing overextended charts, and the biggest risks for equities in Q4. Recorded 9/25/25.

You can learn more about Mary Ellen's work at https://meminvestmentresearch.com/.

🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse
📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.