Seth Masters recently retired from Alliance Bernstein, where he spent 26 years across six different careers.  He started as an analyst in emerging market equities and over the last decade and a half served separately as the Chief Investment Officer of Blend Strategies, Asset Allocation, Defined Contribution Strategies, and the Private Wealth Business. Seth is true polymath – articulate, thoughtful and wise on a wide range of topics.  Our conversation starts with a fascinating discussion of China 30 years ago and today and later covers contrarian career paths, the critical flaw of benchmark-based investing, structural issues with Investment Committees, potential causes of the next crisis, and his most recent project - angel investing in fintech. For more episodes, go to capitalallocatorspodcast.com/podcast Follow Ted on twitter at @tseides