After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments King of Capital by David Carey and John E. Morris | ADI Book Club 3
Mar 29, 2023
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Introduction
00:00 • 3min
The Rise and Fall of Blackstone
03:19 • 3min
The Discipline of Capital Allocation
06:06 • 4min
How to Raise Money on Your Own
09:37 • 4min
The Importance of Locked Up Capital
13:13 • 2min
The Rise of Blackstone
15:31 • 2min
The Importance of Alternative Assets in a Pension Fund
17:42 • 4min
The Importance of Deals That Go Sour
21:31 • 2min
How Steve Schwartzman and Blackstone Negotiated a Deal
23:25 • 2min
The Power of Delegation in Capital Allocation
25:02 • 3min
The Importance of Business History
28:20 • 3min
The History of Sanzels
31:12 • 3min
The Importance of Liquidity in Investing
34:20 • 2min
The Differences Between Berkshire and Blackstone
36:04 • 4min
The Power of Peter Peterson and Steve Schwartzman
39:51 • 2min
The Power of Foresight and Humility in Blackstone
42:12 • 2min
The Cost of Excessive Spending
44:05 • 4min
The Ultimate Manager: Steve Schwartzman and Tony James
47:49 • 2min
The Importance of Independent Thought in Steve Schwartzman
49:29 • 2min
The Current State of PE
51:38 • 2min
The Importance of Permanent Capital in Investing
53:49 • 3min
The Importance of Being Rich to Start a Fund
57:09 • 2min
How to Beat the Market and Compound Capital at High Rates
59:14 • 2min
The Positive Effects of Karbona on the Market
01:01:16 • 2min
Carvona's Structure and Risks
01:03:31 • 2min
The Importance of Private Equity
01:05:36 • 3min