Capital Allocators – Inside the Institutional Investment Industry Mark Baumgartner – Allocating in a Crisis at IAS (Capital Allocators, EP.128)
Apr 2, 2020
Mark Baumgartner, CIO of the Institute for Advanced Study, expertly manages a $1 billion portfolio. He shares his strategic approach to navigating financial crises, highlighting the evolution of communication within his team during turbulent times. Mark discusses the significance of trusting existing managers while exploring new opportunities in private credit and distressed assets. He also emphasizes the balance between intuition and data when assessing risks and adapting portfolios, all while maintaining invaluable industry relationships.
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VUCA and OODA
- The current crisis is unique, but analogous to VUCA (Volatile, Uncertain, Complex, Ambiguous) situations.
- Approach these situations with an OODA loop (Observe, Orient, Decide, Act), a military framework for decision-making.
Observing and Orienting
- Understand environmental changes by observing and using early warning systems.
- Leverage insights from experts like Mark Critzman, Ed Peters, and Bill Shadwick to stay informed.
Seeking Expert Advice
- Seek advice from trusted experts with diverse experiences.
- Start by understanding the situation yourself before consulting others, to make the most of their insights.
