The Meb Faber Show - Better Investing Christopher Zook - Accessing Private Markets (Pro Sports Teams, Private Equity & GP Stakes)
4 snips
Mar 28, 2025 Christopher Zook, Founder and CIO of CAZ Investments, shares insights from his firm's $8 billion investments in private equity. He discusses the allure of GP stakes and the booming market for professional sports franchises. Christopher delves into the challenges and strategies for navigating illiquid assets, while highlighting emerging opportunities in digital technologies and energy sectors. With candid stories from his investment journey, he emphasizes the importance of risk management and alignment in strategies.
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Sell When You Can
- Sell investments when you have the opportunity, not when you're forced to.
- Stocks decline faster than they rise due to fear and greed.
Worst-Case Scenario Investing
- Focus on the worst-case scenario when investing.
- If you can handle the worst case, the upside will often take care of itself.
Shorting Subprime
- Shorting subprime with John Paulson in 2007 hedged CAZ's portfolio.
- The resulting cash enabled opportunistic buying during the market downturn.