MIB: Marta Norton, Morningstar Investment Management

This week, we speak to Marta Norton, Chief Investment Officer at Morningstar Investment Management (MIM). The firm manages or advises approximately $250 billion in advisory assets. Norton’s responsibilities include equity, alternative and fixed income research, asset allocation and portfolio management. Prior to joining Morningstar in 2005, Norton was an economist at the Bureau of Labor Statistics and a research analyst at LECG LLC.

We discuss how his career has evolved from an economist covering PPI at BLS to an analyst at Morningstar to a portfolio manager to CIO. His role is to help build multi-asset model portfolios with assets including mutual funds, ETFs and alternatives.

Today, Norton notes that today’s markets are experiencing a significant change influenced by the “Three Sisters”:

Tina: There is no alternative (near stock).

They: There are reasonable alternatives

Cindy: Credit is now yielded

The concepts they reflect are all tme past decade changes in all equities.

Here is a list of his favorite books; A transcript of our conversation on Tuesday is available here.

You can stream and download our entire conversation with podcast extras on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All our previous podcasts on your favorite podcast host can be found here.

Don’t forget to check out our Masters in Business next week with The Jeremys! Wharton professor Jeremy Siegel and Jeremy Schwartz, chief investment officer of $75 billion Wisdom Tree Asset Management. Siegel is the author of SFTLR (Schwartz is his research partner/editor). The two discuss the Sixth Edition of SFTLR, the latest and most extensively expanded edition of the investment classic.

Marta Norton’s favorite books

Thinking the Bet: Making Smarter Decisions When You Don’t Have All the Information By Annie Duke

Fooled by Randomness: The Hidden Role of Chance in Life and Markets By Nasim Nicholas Taleb

The Bond King: How One Man Made a Market, Built an Empire and Lost It All By Mary Childs

How to Have a Better Day: Harness the Power of Behavioral Science to Transform Your Work By Carolyn Webb

Bowling Alone: ​​Revised and Updated: The Decline and Revival of American Community Robert D. by Putnam

Print friendly, PDF and email

Leave a Reply

Your email address will not be published.