Opto Sessions – Invest in the Next Big Idea

Ted Seides - How the World’s Elite Money Managers Invest, a Bet With Buffett, & Interviewing Sam Zell

6 snips
Jul 28, 2022
Ted Seides, founder of Capital Allocators and former co-CIO of Protégé Partners, draws on his extensive experience in hedge funds. He discusses how elite money managers, like Sam Zell, cultivate contrarian views and conviction. The conversation dives into the implications of Ted's famous wager with Warren Buffett, reflecting on lessons from the challenge. He also shares insights on portfolio construction, market dynamics, and the future of crypto, urging investors to adopt a long-term perspective and remain open to learning from failures.
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INSIGHT

Institutional Tools vs. Retail Applicability

  • Many institutional techniques don't fit retail because institutions have scale and resources retail investors lack.
  • Behavioral lessons about temperament and decision-making are fully transferable to retail investors.
ANECDOTE

Yale Training Shaped A Generation

  • Ted trained under David Swensen at Yale and credits that period as foundational to his investment career.
  • Many peers trained by Swensen went on to lead major endowment and institutional investment programs.
ANECDOTE

Seeding Small Hedge Funds Worked

  • Protege invested in smaller, early-stage hedge funds to capture capacity-constrained advantages and seed economics.
  • That approach delivered top-quartile returns and a strong performance through 2007 and the financial crisis period.
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