I completely agree with you on the agency and the m mesis of dealing with those le over a 30 plus year career, different people, same attitude. And it really underlies, for me, somebody who did not spend a lot of time following the narrative, because i always have believed price leads narrative, not the other way round. I loved your idea about, now that they have gone through this particular down draght, after putting their money with the one who wis buying everything at price to magic ratios,. Do you think there's a solution these agency problems? I haven't come up with one yet. I think there is a solution.
Dan McMurtrie is the Portfolio Manager at Tyro Partners, an asset management firm for institutions and HNWIs; and the General Partner at Anchorless Bangladesh, an early stage venture fund focused on Bangladeshi startups. Links:
Show Notes:
- Are we in the schadenfreude part of the market cycle?
- Going back to the fundamentals
- Solving the agency problem
- Taking concentrated beta risk
- Having clarity around your goals
- The behavioral risk in investing
- Do not get married to your investment thesis
- It’s always you vs. you
- Investing is about understanding other people's mistakes
- Societal costs of stablecoins being unstable
- Compatibility of social media and representative democracy
- Issues with the current US Govt. administration
- Number one existential risk for US currently
- Risks of information overload
- Improving education about commerce
- Dopamine manipulators
- Leadership vs. Stakeholder management
- America vs China for policy changes
- US legal immigration system
- And MUCH more!