Monetary Matters with Jack Farley Optimizing the Investment Business for Long-term Results | David Steinberg of Marlowe Partners
Jul 30, 2025
David Steinberg, Founder and CIO of Marlowe Partners, discusses the pivotal role of operational management in investment success. He explains how to effectively navigate the capital-raising landscape by selecting compatible investors for his concentrated long-term style. The conversation delves into the integration of AI for reducing research costs, the need for stability rather than innovation in investment structures, and the value of high-quality service providers. Additionally, he shares expert recommendations for accounting, compliance, and legal services.
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Operations Trump Investment Technique
- The operational aspect of running an investment business is more critical than the investing technique itself.
- Longevity and sustainability of the organization enable the heavy lifting of compounding returns over time.
Institutional Investors Are Not Monoliths
- Institutional investors vary widely in structure, goals, and sophistication.
- Successful capital raising depends on aligning offerings with the specific needs and challenges of each allocator.
Say No To Misaligned Investors
- Avoid taking investors whose time horizons conflict with a long-term compounding strategy.
- Do not force investors into long-term locks if they are unwilling; alignment matters more than structure.