We Study Billionaires - The Investor’s Podcast Network TIP502: How to Run Your Own Private Equity Portfolio w/ Darin Soat
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Dec 8, 2022 Darin Soat, Director of Content at Linqto, shares his expertise in private equity investing. He discusses the evolving landscape of investment banking and why investors should consider private equity in their portfolios. The conversation dives into how democratization is reshaping access to this asset class and the mechanics of investing through platforms like Linqto. Additionally, they touch on the current market dynamics, including how billionaires navigate high interest rates and liquidity risks in private equity.
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Investment Banking Analogy
- Investment banks connect investors with investments, similar to a blood bank matching donors and recipients.
- They facilitate various transactions, including debt/equity capital raising and M&A.
Buffett's Disdain for Investment Banking
- Warren Buffett dislikes investment banking fees, questioning their value.
- He believes their services, like creating pitch decks, offer limited value compared to their high fees.
Broad Definition of Private Equity
- Private equity broadly encompasses private company ownership, from early-stage seed investments to late-stage funding.
- It includes companies like SpaceX, which are large but not publicly traded.