09/03/2026
Bob Fraser was wiped out by the public markets. Twice.
First in the dot-com crash. Then again during the Great Financial Crisis.
Those experiences fundamentally changed how he thought about investing and ultimately pushed him toward private markets, where he could focus less on vibes and more on underlying assets, cash flows and opportunities he could actually evaluate and control.
In Episode 9, Part 1 of Beyond the Stock Market, Bob Fraser, CFO and Chief Macro Strategist of Aspen Funds, joins Brian Dally to discuss his journey into private markets, why uncorrelated assets matter more than simply being diversified, and where he sees compelling opportunities today across real estate and energy.
New episode out now. Listen to the full conversation to learn why Bob believes private markets can give individual investors access to a very different investing playbook: https://brnw.ch/21x5pBj