The Fort

#316 - John Goff - Founder @ Goff Capital Partners

Oct 24, 2023

John Goff, an investor based in Fort Worth, Texas, talks with Chris about his career working with Richard Rainwater, building and selling Crescent Real Estate, insights on the current real estate market, and the challenges and opportunities facing Fort Worth.

01:48:20

Episode guests

John Goff

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Episode notes

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Quick takeaways

The Federal Reserve's response to government spending will result in inflation and adjusting interest rates will not be effective in countering it.

There is significant disparity in the real estate market, with certain markets like San Francisco, Los Angeles, and Manhattan being unfavorable for investment, while other states with business-friendly policies are experiencing economic booms and increased real estate demand.

Face-to-face collaboration is crucial for generating innovative ideas, as virtual meetings lack the spontaneity and whiteboard sessions that facilitate creative brainstorming.

The in-person work environment provides better mentorship, collaboration, and growth opportunities for young professionals, and the demand for high-quality office spaces will persist in modern real estate despite work-from-home arrangements.

Deep dives

Inflation and Government Spending

The speaker criticizes the Federal Reserve's response to the $7 trillion of government spending, stating that it will result in inflation. The speaker argues that adjusting interest rates will not counteract the inflation caused by the massive government spending.

Introduction

2min

Exclusive Offer, Company Update, and Personal Experience with ADHD

3min

The Impact and Importance of Accounting in Career

3min

The Influence of Rainwater and Joining Richard

2min

Early Days and Company Culture

22min

Challenges with Board Alignment

16min

Government Policies, Migration, and Real Estate Investments

16min

The Benefits of Raising Funds in a GP Fund Format

2min

Investing in the Oil and Gas Sector

24min

10.

Building a Business in Our Hometown

19min

John C. Goff is an investor based in Fort Worth, Texas. His family office, Goff Capital, invests across multiple sectors including wellness, aerospace, energy, gaming, entertainment, and real estate. Among his holdings are Canyon Ranch – the world’s recognized leader in health and wellness, and Crescent Energy (NYSE:CRGY), where he serves as Chairman of both companies. John is also Chairman and principal owner of Crescent Real Estate which has assets under management, development, and investment capacity of over $10 billion.

On this episode, Chris and John discuss:

- John’s career working with Richard Rainwater

- Building, selling, and buying back Crescent from Morgan Stanley

- Thoughts on the current real estate market

- The challenges and opportunities facing the city of Fort Worth

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Links

Crescent Real Estate

Canyon Ranch

Topics

(00:00:00) Intro