Capital Allocators – Inside the Institutional Investment Industry Ted Seides – A Rational Reminder (Capital Allocators, EP.121)
Jan 27, 2020
Ben Felix, co-host of the Rational Reminder podcast and wealth manager at PWL Capital, dives into the intricacies of investing with Ted Seides. They tackle the active versus passive investing debate, discussing strategies for effective decision-making. Felix shares insights on selecting hedge fund managers, emphasizing the importance of a clear philosophy and discipline. The conversation also touches on the evolving landscape of public equities and alternative assets, alongside reflections on time management and the true meaning of success in personal and professional life.
AI Snips
Chapters
Books
Transcript
Episode notes
Swenson's Investment Philosophy
- David Swenson's core investment approach involved developing strong beliefs and communicating them effectively.
- He prioritized a long-term equity orientation and diversification beyond a traditional 60-40 portfolio.
Manager Selection Criteria
- Define your investment beliefs and align your strategy with them.
- Prioritize the people, then consider the strategy and structure/deal when selecting managers.
Alternatives and Beta
- Accessing alternative risk premiums requires a robust selection process.
- The commoditization of alternative betas often reduces their attractiveness over time.
