Capital Allocators – Inside the Institutional Investment Industry Alex Sacerdote – Riding S-Curves at Whale Rock (EP.436)
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Mar 17, 2025 
In this discussion, Alex Sacerdote, founder of Whale Rock Capital Management, shares insights from his journey in the investment world, inspired by his father at Goldman Sachs. He delves into his S-curve framework for assessing investments, especially in tech. Topics include the rise of AI, the implications of the MAG-7 tech alliance, and strategies for navigating emerging technologies like electric vehicles and blockchain. Alex emphasizes the importance of innovation and strong leadership in successful companies while encouraging a long-term perspective in a volatile market.
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Early Stock Picks
- Alex Sacerdote's father, a Goldman Sachs partner, influenced his early interest in stocks.
- He bought Apple and Boeing, fascinated by their potential.
Finding His Calling
- Sacerdote worked in investment banking at Smith Barney within the tech, media, and telecom group.
- He realized his passion for investing after an internship at Fidelity, where he analyzed e-commerce.
Fidelity's Training Ground
- Fidelity provided Sacerdote with valuable training, offering autonomy and diverse PM styles.
- He gained experience in various sectors, from internet and software to gaming and aerospace.