Capital Allocators – Inside the Institutional Investment Industry Ricky Sandler - Evolution of Long-Short Equity Investing (EP.414)
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Oct 28, 2024 Ricky Sandler, CEO and CIO at Eminence Capital, is a pioneer in long-short equity investing, managing over $7 billion. He shares insights from his three-decade journey in finance, discussing the evolution of long-short strategies and the critical adaptations necessary in changing markets. Sandler emphasizes the importance of a collaborative culture and the challenges of short selling in today's volatile environment. He also touches on valuable lessons from sports, highlighting personal growth and the significance of well-being in both life and investing.
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Dinner Conversations
- Ricky Sandler's father was a cable and cellular analyst at Goldman Sachs before becoming a hedge fund manager.
- He managed a concentrated portfolio of seven stocks in similar sectors and industries, focusing on business opportunities rather than market trends.
Path to Investing
- Ricky Sandler considered law school but found no joy in lawyer's work during his research.
- He shifted to finance after a pivotal opportunity at Mark Asset Management, where he discovered his passion for investing.
Early Investing
- Working at Mark Asset Management provided valuable experience and access to industry leaders.
- The competitive nature of investing, with daily performance feedback, appealed to Ricky Sandler.