The Meb Faber Show - Better Investing
Jon Hirtle, Hirtle, Callaghan & Co. – OCIO Pioneer | #503
Oct 11, 2023
Jon Hirtle, founder of Hirtle, Callaghan & Co., shares his journey creating the OCIO model and discusses asset allocation, working with investing teams, and the current investment landscape. The podcast also explores the origins of OCIO, the evolution of asset allocation strategies, lessons on managing mission-driven funds, the importance of planning and defining success, and a memorable investment during the financial crisis.
51:25
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Quick takeaways
- Having a well-thought-out and client-specific investment plan that considers factors like risk tolerance and long-term objectives is crucial for success and helps navigate market noise.
- Private markets, such as private equity and private credit, offer structural advantages and inefficiencies that can generate differentiated returns and provide attractive opportunities in a more efficient investment landscape.
Deep dives
The Importance of Planning and Client-Specific Investment Strategies
One of the key insights from this podcast episode is the emphasis on the importance of planning and developing client-specific investment strategies. The guest speaker, John Hurdle, highlights the need to define success and create a linear path to achieve long-term investment goals. He emphasizes the value of having a well-thought-out plan that considers factors like risk tolerance, liquidity needs, and long-term objectives. Hurdle also stresses the significance of developing a disciplined process and sticking to it, especially during periods of market turbulence. By having a clear plan and conviction in the chosen investment strategy, investors can navigate market noise and avoid making impulsive decisions.
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