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~~~ VOICEOVER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest. His name is Sebastien Page, he is the head of multi-asset investing at investing giant T. Rowe Price. They run about $1.3 trillion, he runs about $360 billion of it. This really is a master class on asset allocation, diversification, risk management, and the concept of expected returns versus expected risk. As it turns out, it’s easier to predict risk than it is to predict returns. I don’t know what else I can say about this other than if you are an asset allocator, a wealth manager, anybody who’s thinking about managing assets over the next 10, 20, 30 years, then you are going to find this to be an absolutely fascinating conversation.

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