Capital Allocators – Inside the Institutional Investment Industry Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021
Todd Boehly, Co-founder and CEO of Eldridge, shares insights from leading a multi-billion dollar holding company with diverse investments. He reflects on his beginnings in structured credit and his strategic approach to asset management. The conversation touches on the challenges of negotiating media deals, the role of technology in investment innovation, and the importance of flexibility in sourcing unique opportunities. Todd also delves into the growth of Eldridge and his philosophy on capital allocation and leadership.
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Structured Credit as Banks
- Structured credit products, like CDOs, function similarly to banks with finite lifespans.
- Understanding credit risk is fundamental to finance and capital markets.
Enron Prediction
- Todd Boehly's team at Guggenheim correctly predicted Enron's downfall in 2001.
- Despite initial resistance from a client, their analysis proved accurate, earning them credibility.
Diverse Investments
- Build diverse companies and leverage cross-industry experience.
- Start businesses when prices are high, and buy them when they're low.