Michael David Bailey
Michael Bailey, CFA is the Director of Research and chair of the Investment Committee at FBB Capital Partners, a boutique Washington, D.C.-area, investing firm. Michael's stock picking and portfolio management process uses behavioral finance techniques stemming from the work of Nobel laureates Daniel Kahneman (author of Thinking Fast and Slow) and Richard Thaler (author of Nudge). At FBB, Michael is responsible for monitoring and analyzing macro and micro economic data, secular industry trends, and identifying appropriate investments for client portfolios.
Previously, Michael was as a buy-side research analyst with Legg Mason Investment Counsel. While at Legg Mason, Michael's primary focus was recommending stocks in the healthcare industry and managing a model healthcare portfolio, while also covering financial and industrial stocks and advising Legg Mason's socially responsible investment (SRI) group.
Prior to Legg Mason, Michael was a Vice President and equity research analyst with Bear Stearns, where he followed the medical device industry. Michael's team at Bear Stearns won recognition from Institutional Investor as a highly ranked sell-side research group. Earlier in his career, Michael followed the pharmaceutical and technology industries as well as the automotive sector.
Michael’s financial insights and analysis have been featured in appearances on CNBC, Fox Business Network, NPR, and Bloomberg Radio, as well as in the Wall Street Journal, CNN.com, Forbes, Kiplinger, Barron’s, and The Washington Post. Michael has also been a guest lecturer in corporate finance at the university undergraduate level.
Michael earned a Bachelor of Arts in International Studies from Emory University, and a Master of Arts in International Economics and MBA from Johns Hopkins University. Michael is a CFA Charterholder and a member of the CFA Society of Washington, D.C. Michael and his wife Maria live in Potomac, Maryland with their five children.
Recent Appearances/Events
| Date | Venue | Address | ||||||
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Date:
March 21, 2024 9:00am - 10:00am |
Venue: 5th Annual Private Wealth DC Metro Forum |
Address:
Marriott Bethesda 5151 Pooks Hill Rd Bethesda, MD |
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| Notes: The 5th Annual Private Wealth DC Metro Forum is the leading conference for RIAs, family offices, and private banks throughout the region. | ||||||||
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Date:
February 15, 2024 8:00am - |
Venue: 3rd Annual Washington DC RIA Summit |
Address:
Hamilton Hotel Washington, DC |
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| Notes: To kick off the morning panel Portfolio Summits has the pleasure of inviting Philip Chao 趙希麟, Chief Investment Officer (Experiential Wealth, Inc.), Mike Bailey, CFA, Director of Research (FBB Capital Partners) and Timothy D. Calkins, CFA, Co-Chief Investment Officer (Nottingham Advisors Asset Management) to the stage to discuss “Market Outlooks and Opportunities in 2024”, analyzing market trends and advising on how professionals can capitalize on opportunities to better serve their clients. | ||||||||
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Date:
January 11, 2024 10:00am - |
Venue: Money Life with Chuck Jaffe |
Address:
Podcast |
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| Notes: Mike Bailey, director of research at FBB Capital Partners, talks "beat and raise investing" in the Market Call. | ||||||||
|
Date:
October 12, 2023 7:00pm - |
Venue: Scholars of Finance |
Address:
Webinar |
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| Notes: Presentation on equity analysis in the medical device industry to Yale and Northeastern University students. | ||||||||
|
Date:
September 19, 2023 12:30pm - |
Venue: Private Wealth Management Summit |
Address:
The Las Colinas Resort Dallas, TX |
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| Notes: Panelist on a discussion of Combating Behavioral Finance Biases with a Disciplined Investment Approach. | ||||||||
|
Date:
April 19, 2023 8:00am - 10:00am |
Venue: 4th Annual Private Wealth DC Metro Forum |
Address:
385 Water Street SE Washington, DC |
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| Notes: Opening Bell: The Next 12 Months at a Glance Top thinkers and chief investment officers in the private wealth space share their investment views about current US asset allocation strategies and their projected macroeconomic outlook for the next 12 months. This panel will aim to answer the following questions including but not limited to: • How do our panelists account for these and other factors that could affect their global investment and business decisions related to operating a wealth management organization? • With inflation rates approaching record highs, how will the markets react, and what sort of fiscal policy will be on the horizon? • Is there a place for thematic investing and how are behavioral and social finance considered? | ||||||||
|
Date:
February 8, 2023 9:00am - 10:00am |
Venue: Washington DC RIA Summit |
Address:
1331 Pennsylvania Avenue NW Washington, DC |
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| Notes: Market Outlooks and Opportunities: How are RIAs positioning, managing risk and growing clients portfolios in domestic and global markets? Panelists discuss current market trends and how you can take advantage of opportunities to best serve your clients. | ||||||||
|
Date:
February 7, 2023 9:30am - 10:30am |
Venue: Pension, Endowment, & Foundation East Summit |
Address:
1331 Pennsylvania Avenue NW Washington, DC |
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| Notes: Market Outlook Roundtable & Post-Covid Recovery: Panelists discuss the current market conditions and macroeconomic outlook, identifying opportunity and risk as we come out of the pandemic. Investors discuss strategic asset allocation and look ahead to identify strategies to create long term value. | ||||||||
|
Date:
January 19, 2023 6:00pm - 8:00pm |
Venue: Washington Association of Money Managers (WAMM) Behavioral Finance Event |
Address:
The National Press Club Washington, DC |
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| Notes: Markets were rocked in the past three years by events few predicted, including the Covid-19 pandemic, the Russia-Ukraine war, and inflation’s staying power. In response, stocks and bonds fell simultaneously with both ending 2022 deep in the red. The “crypto winter”, meanwhile, is in full swing with bitcoin down nearly 65% last year. Our emotions often are closely connected to how we manage money. This connection is even more evident during times of crisis. Being mindful of our emotions allows us to mute their effect or even harness them to one’s financial advantage. How can we identify emotions and bias, such as anchoring, risk aversion, overconfidence, and herd behavior, that are creeping into our investment process? How can we better apply behavioral science to active investment management? | ||||||||
|
Date:
November 10, 2022 12:00pm - 1:00pm |
Venue: Money Life with Chuck Jaffe |
Address:
Podcast |
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| Notes: Mike Bailey, director of research at FBB Capital Partners, talks about "beat and raise" stock investing in the Market Call. | ||||||||
|
Date:
October 27, 2022 4:00pm - 5:00pm |
Venue: 2nd Annual RIA Mountain States Investment Forum |
Address:
St Julien Hotel & Spa Boulder CO |
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| Notes: Centuries of economic research and theory has been based around the notion that humans will always make decision with their own best self-interest in mind. However, growing research in recent times by behavioral finance economists seems to support the investing principals of Benjamin Graham detailed in "The Intelligent Investor". Biases, inherent and/or learned can cause investors to make decisions that is seethed in emotions and irrationality that makes it increasingly difficult for them to achieve their long-term financial goals. Let's hear from advisors that integrate and incorporate the principles of behavioral finance within their daily practices. | ||||||||
|
Date:
September 29, 2022 6:00pm - 7:00pm |
Venue: Emory University |
Address:
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| Notes: Emory alumnus, Michael Bailey, is joining us to speak about investing for college students. Check out his book: Stop. Think. Invest.: A Behavioral Finance Framework for Optimizing Investment Portfolios. | ||||||||
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Date:
September 15, 2022 12:00pm - 1:00pm |
Venue: CFA Nashville presentation |
Address:
3106 West End Ave Nashville, TN 37203 |
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| Notes: Behavioral finance tools can help investors take a fresh look at portfolios as we approach new challenges and opportunities this year. We will Identify different stages of the investment life cycle (research, initial trade, final sale, etc.); understand which emotions and biases can impact our thinking during each part of the investment life cycle; and learn simple steps that can strip away behavioral finance problems that can eat into returns. | ||||||||
|
Date:
September 7, 2022 2:00pm - 3:00pm |
Venue: CNBC Power Lunch |
Address:
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| Notes: Discussed Fed rate hikes and portfolio picks, including ADBE, ABBV and PNC. | ||||||||
|
Date:
July 29, 2022 3:00pm - 4:00pm |
Venue: Cheddar TV Closing Bell |
Address:
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| Notes: Discussion of consumer sectors and stocks, such as PG | ||||||||
|
Date:
July 28, 2022 2:00pm - 3:00pm |
Venue: CNBC Power Lunch |
Address:
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| Notes: Comments on the market and stock picks (UNH, PGR, and TSM) | ||||||||
|
Date:
June 15, 2022 2:00pm - 2:30pm |
Venue: CNBC Power Lunch |
Address:
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| Notes: Discussion of GOOGL, DHR, and CLX | ||||||||
|
Date:
June 7, 2022 9:00am - 5:00pm |
Venue: Financial Planning Association National Capital Area |
Address:
Westin Tysons Corner Falls Church, VA |
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| Notes: Spring Symposium. Discussion of Behavioral Finance: Tools for Navigating the Client / Advisor Journey | ||||||||
|
Date:
June 2, 2022 12:00pm - 1:00pm |
Venue: CFA Society Minnesota: Book Club |
Address:
Deluxe Plaza 121 South 8th Street Suite 200, Marquette Room (Skyway Level) Minneapolis, MN 55402 |
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| Notes: Book: "Stop. Think. Invest.: A Behavioral Finance Framework for Optimizing Investment Portfolios" by Michael Bailey. Come as you are. Read none of the book, read part of the book, read all of the book. There will be a leader for each book who's already read the book and will provide summary comments from their perspective. From there people can share as much or as little as they choose. We want book club to be fun. We want to encourage reading. We want to provide you with another opportunity to connect with others who are interested in reading and learning. | ||||||||
|
Date:
May 12, 2022 2:00pm - 2:30pm |
Venue: CNBC Power Lunch |
Address:
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| Notes: CNBC Power Lunch podcast. Mike Bailey' comments on GOOGL, AAPL, MSFT, DHR, and CLX start at minute 7. | ||||||||
|
Date:
May 10, 2022 9:00am - 5:00pm |
Venue: Washington DC RIA Summit |
Address:
City Club of Washington WASHINGTON, DC |
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| Notes: Market update and investment overview for current events impacting capital markets. | ||||||||
|
Date:
April 27, 2022 12:00pm - 1:00pm |
Venue: CFA Virginia Speaker Series |
Address:
Westin Hotel, 6631 West Broad Street Richmond, VA |
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| Notes: Behavioral Finance: A Crash Course for Busy Investors. Buckle up! A three-year bull market came to a screeching halt this year, wreaking havoc on investors who may have become overconfident and complacent. The back-and-forth whiplash of Fed actions and geopolitics adds complexity to decisions of exiting crowded stocks or buying bonds with rising interest rates. How can we identify emotions and bias, such as anchoring, risk aversion, and procrastination, that are creeping into our investment process? Behavioral finance tools can help investors take a fresh look at portfolios as we approach new challenges and opportunities this year. | ||||||||
|
Date:
April 6, 2022 9:00am - |
Venue: 3rd Annual Private Wealth DC Metro Forum |
Address:
District Winery 385 Water St, SE Washington, DC |
||||||
| Notes: Opening Bell: Asset Allocation and Macro-Economic Outlook for the Next 12 Months Despite the deep impact of COVID-19 on the economy overall, investments and the financial markets have grown for the last 12 months. There were substantial changes in the movement of goods, services and people around the world; the intrinsic characteristics of global markets have allowed economies to endure. For 2022 and beyond, how do our panelists account for these and other factors that could affect their global investment and business decisions related to operating a wealth management organization? Is there a place for thematic investing and how is behavioral and social finance taken into account? Our panelists will explain how they are putting these very macro and seemingly abstract ideologies into actual practice at the client level. | ||||||||
|
Date:
April 5, 2022 9:00am - |
Venue: 8th Annual RIA Central Investment Forum |
Address:
Four Seasons Hotel Chicago, IL |
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| Notes: Current Forecast: Inflation and Other Market Disruptions The resurgence of inflation as concern for consumers, businesses, and investors has dominated headlines in our inboxes since the October 2021. Many factors have contributed to this spike, but the most significant and undisputed is the sudden and unanticipated imbalance between supply and demand among specific sectors of the economy. A prime example of this phenomena is the shortage of semiconductor chips that resulted in Toyota Motor outselling General Motors in the United States for the first time in history. | ||||||||
|
Date:
March 30, 2022 12:00pm - 1:00pm |
Venue: Johns Hopkins Alumni Event: The Behavioral Finance and the Savings Life Cycle |
Address:
Virtual |
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| Notes: Why does money make us so emotional? Can mood swings or hidden bias lead to poor investment choices that trigger feelings of stress or regret? How can we leverage economic and behavioral concepts from Nobel laureates to stop and think, before we invest? Join our discussion as we outline behavioral finance tools that help frame the Do’s and Don’ts of saving and investing throughout various life stages, including young professionals, early accumulators, mid-career savers, and retirement and beyond. | ||||||||
|
Date:
March 28, 2022 12:00pm - 12:30pm |
Venue: Money Life with Chuck Jaffe |
Address:
Podcast |
||||||
| Notes: Mike Bailey of FBB Capital partners discusses his new book 'Stop. Think. Invest: A Behavioral Finance Framework for Optimizing Investment Portfolios | ||||||||
|
Date:
March 23, 2022 6:00pm - 7:00pm |
Venue: CFA Washington Book Club |
Address:
Virtual |
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| Notes: Get ready for a very special edition of the CFAW Book Club. The selection for March is Stop. Think. Invest. by Michael Bailey, who also happens to be a CFAW member. His book walks readers through some of the pitfalls that bias and emotion can trigger as investors research a new idea, make the first trade, and manage ups and downs over a full investment life cycle. The book breaks down complex behavioral finance concepts stemming from Nobel laureates, such as Daniel Kahneman and Richard Thaler, into bite-sized nuggets that may give readers and investors new perspectives as equity market volatility heats up in 2022. Please contact Michael Bailey for more information. | ||||||||
|
Date:
March 15, 2022 5:00pm - 6:00pm |
Venue: NIRI Capital Area webinar on behavioral finance and investor relations |
Address:
Virtual |
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| Notes: A discussion on the growing field of behavioral finance and how new approaches may help investor relations professionals in 2022. Market volatility in 2022 could signal a more challenging backdrop for investor communications, following a three-year bull run that kept many investors in good spirits. Could emotions, bias and behavioral patterns become more pronounced this year as market uncertainty makes investment decisions more difficult? Behavioral finance concepts are moving from the ivory tower of academia and becoming more mainstream in the business world, among investors, CEOs, CFOs, and investor relations teams. | ||||||||
|
Date:
February 16, 2022 12:00pm - 1:00pm |
Venue: CFA Baltimore Webinar on Behavioral Finance |
Address:
Virtual |
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| Notes: Markets are on fire. With stock prices up in the past three years and volatility down, are investors overconfident and complacent? Should we sell expensive stocks and swap into bonds with low interest rates? Or keep rising the wave in the current bull market? How can we identify emotions and bias, such as anchoring, risk aversion, and procrastination, that are creeping into our investment process? Behavioral finance tools can help investors take a fresh look at portfolios as we approach a new year that may bring different challenges and opportunities. | ||||||||
|
Date:
December 14, 2021 6:00pm - |
Venue: Washington Association of Money Managers (WAMM) Behavioral Finance Webinar |
Address:
|
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| Notes: Why do investors make irrational decisions? Even experienced investors can be guided by cognitive biases, such as anchoring, confirmation bias, recency bias, and loss aversion. How can one apply the principles of behavioral finance in order to manage portfolios better and improve returns? Learn simple steps that can help identify and avoid costly behavioral finance mistakes that may eat into returns. | ||||||||
