Capital Allocators – Inside the Institutional Investment Industry Khe Hy – Radical Shift from Investing to Purpose (Capital Allocators, EP.101)
Jun 3, 2019
Khe Hy, former Managing Director at BlackRock and now a blogger and speaker, discusses his radical shift from Wall Street to pursuing purpose. He reflects on the pressures of his early finance career and how becoming a parent made him reevaluate success. Khe shares insights on the value of asking 'Why?', the implications of sudden wealth, and the marginal utility of money. He emphasizes the importance of emotional resilience, authenticity, and finding joy while balancing personal passions with responsibilities.
AI Snips
Chapters
Transcript
Episode notes
Career Transition
- Khe Hy's career began in tech banking but he disliked the inflexible hours and tedious tasks.
- He transitioned to fund-of-hedge-funds, specializing in fixed income arbitrage, then to BlackRock until 2015.
Niche Expertise
- Khe Hy enjoyed deep-diving into niche areas of finance, like mortgage derivatives.
- This allowed him to develop a competitive advantage through specialized knowledge.
Early Prediction and 2008
- Khe Hy predicted the decline of the fund-of-funds industry early in his career.
- The 2008 crisis provided him with valuable experience and accelerated his career progression at BlackRock.