Top quotes from my conversation with Scott Bessent. 1. "Macro permeates everything. My style, and still the Duquesne style, is that the micro drives the macro." 2. "Fundamental investing is about batting averages. Macro is about slugging percentage." 3. "Liquid markets are like cards and backgammon. You don't know what you're going to be handed every day, and you manage what’s thrown at you. Private equity is much more like chess. All the moves are on the board. What is the move you're going to make?" 4. "When I took over at Soros, my philosophy was that a very good manager is someone you're proud to be invested with. They have good returns, and you never have to worry about the phone call that things have gone pear-shaped." 5. "A great outside manager would share a big trade idea every other year to supersize in the center book." 6. "I size positions based on what the market is giving you, the degree of asymmetry, and the P&L for the year at that time." 7. "You can't be concentrated, illiquid, and leveraged and control risk." 8. "I want to do things I'm interested in and keep learning. Every day is not a good day, and every week is not a good week, but I want to have good months and years." 9. "I feel very strongly that this is our last chance to grow out of our debt burden. I've been studying this my whole life. I'd like to be part of it either on the inside or the out." With thanks to 10 East, SRS Acquiom, and MSCI Inc.
Capital Allocators
投资管理
Greenwich,CT 6,648 位关注者
Bridging knowledge gaps and making valuable connections for institutional asset owners and investment firms.
关于我们
This show is an open exploration of the people and process behind capital allocation. Through conversations with leaders in the money game, we learn how these holders of the keys to the kingdom allocate their time and their capital.
- 网站
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https://capitalallocators.com/
Capital Allocators的外部链接
- 所属行业
- 投资管理
- 规模
- 2-10 人
- 总部
- Greenwich,CT
- 类型
- 私人持股
- 创立
- 2016
- 领域
- Investing、Asset Management、Portfolio Management、Capital Markets、Equities、Fixed Income、Alternative Investments、Hedge Funds、Private Equity、Venture Capital、Endowments和Foundations
地点
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主要
US,CT,Greenwich,06831
Capital Allocators员工
动态
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Home equity investment at Hometap. My conversation with Jeffrey Glass.
Home Equity Investment at Hometap - Capital Allocators with Ted Seides
https://www.capitalallocators.com
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Top quotes from my conversation with Ricky Sandler from Eminence Capital. 1. "Hedge fund investors want you to beat the market and to not lose money. You cannot structure a portfolio to do both of those things at the same time." 2. "Pain is good. It tells you that something is wrong and it causes you to diagnose the issue." 3. "In the old days when a stock was acting poorly, somebody else knew something you didn’t. Now, we spend more time on the stock versus the business so we can understand what price action means." 4. "We want to remove emotion from investing. If you put somebody under emotional stress for making a bad stock pick, that person won’t be able to make an unemotional decision." 5. "A $2.5 billion hedge fund can be a great business but not if you started at $6 billion." With thanks to 10 East, Wellington Management, and SRS Acquiom.
Evolution of Long-Short Equity Investing - Capital Allocators with Ted Seides
https://www.capitalallocators.com
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On Investment Management Operations, Scott MacDonald speaks with Troy Pospisil from Ontra.
Ontra - Capital Allocators with Ted Seides
https://www.capitalallocators.com
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Delta Airlines pension fund turnaround. My conversation with Jonathan Glidden. With thanks to 10 East, SRS Acquiom, and MSCI Inc.
Delta Airlines Pension Fund Turnaround - Capital Allocators with Ted Seides
https://www.capitalallocators.com
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Top quotes from my conversation with Brad Briner. 1. "One of the best ways to know that you have mastered a subject is to be able to explain it to other people." 2. "Availability and candor are the two most essential characteristics for people who approve investments." 3. "Economic alignment between the allocator team and capital should be essential. You want people to have more than just their psychological incomes at stake." 4. "Your day-to-day as a CIO is mostly managing your team, managing non-investment functions, and thinking through strategy. Investing is a minority of your time." 5. "The silo architecture with a strong lead in each asset category has the downside of a lack of collaboration across silos." 6. "North Carolina’s pension is irrationally managed. It has a strategy problem not a tactics problem. A successful investment strategy allows you to stay wealthy, and the state never really figured that out." 7. :If I’m elected as North Carolina’s treasurer, job number one is assessing the team and filling our vacancies. Job number two is to begin changing the sole fiduciary governance structure." 8. "The voters in North Carolina who do their homework will look at me versus my opponent and say, wait, the Treasurer job is managing investments. One of you has, and one of you hasn't." With thanks to MSCI Inc., Wellington Management, and SRS Acquiom.
Family Office to Public Service - Capital Allocators with Ted Seides
https://www.capitalallocators.com
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Top quotes from my conversation with Kristof Gleich from Harbor Capital Advisors, Inc. 1. "If you don’t disrupt yourself, then you are going to be disrupted or cannibalized by the competition." 2. "ETFs are more transparent than mutual funds. In society, in life, you just expect more transparency, and investing is no exception." 3. "The perception in that industry that index equals passive is wrong today. The lines between index investing and passive and active are all blurring." 4. "We think of ourselves as a marketplace of boutiques. We go all around the world and try and cherry-pick the best of the best that have a distinct edge in what they do. The managers that we look for are typically independent and founder-led." 5. "The next chapter of growth for ETFs going to be alternatives, but you have to be careful putting illiquidity inside a liquid wrapper."
Boutique Managers and Active ETFs at Harbor Capital - Capital Allocators with Ted Seides
https://www.capitalallocators.com
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Twin tackle of private equity at Kinderhook Industries. My conversation with Christian Michalik and Rob Michalik. With thanks to 10 East, SRS Acquiom, and MSCI Inc.
Twin Tackle of Private Equity at Kinderhook - Capital Allocators with Ted Seides
https://www.capitalallocators.com
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On Investment Management Operations, Scott speaks with Richey Reneberg from Taconic Capital Advisors. With thanks to Intelligo.
Taconic Capital - Capital Allocators with Ted Seides
https://www.capitalallocators.com
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I'm excited to announce I'll be speaking at iConnections #GlobalAlts25 at the Miami Beach Convention Center, January 27-30, 2025! To join me at Global Alts 2025, register here:
iConnections | Get in Touch With Our Team
https://iconnections.io