How I Invest with David Weisburd

In this engaging discussion, Matt Curtolo, an institutional investor with over 20 years of experience, shares his unique insights on what distinguishes elite limited partners (LPs) from the rest. He emphasizes the critical role of emotional intelligence in investment success and warns against underestimating potential upside. Matt also addresses the real reasons LPs often decline opportunities and explores the complexities of GP-LP dynamics. With invaluable advice for emerging GPs and small LPs, he highlights the importance of trust, collaboration, and long-term thinking in building successful partnerships.

In a dynamic conversation, Alex Hormozi, an entrepreneur and philanthropist, shares insights from his journey with Acquisition.com. He emphasizes that entrepreneurship is more about heart than intellect. Hormozi discusses the pitfalls of 'ignorance debt' and the importance of compounding skills over time. He highlights the role of persistence in achieving success and the need for strategic decision-making. With intriguing stories from his career, Alex illustrates how building valuable networks and incremental improvements can significantly impact long-term outcomes.

Rahul Moodgal, a financial veteran with over 25 years at Parvus Asset Management, has raised a staggering $99 billion by prioritizing relationships over performance. He shares how flipping traditional pitches on their head transformed his fundraising strategy, emphasizing transparency and long-term alignment. Moodgal highlights the importance of mission-driven capital, which re-energizes teams, and discusses the power of personal connections in investment partnerships. His approach challenges the norms, advocating for trust and authenticity as the backbone of successful capital raising.

Scott Welch, Chief Investment Officer at Certuity, shares insights from managing over $4 billion in assets. He discusses the importance of building globally diversified portfolios while balancing risk factors and asset classes. Scott highlights innovative strategies for tax efficiency, including market-neutral overlays that create 'tax alpha.' He expresses optimism about investing in sports teams and sailing as emerging asset classes. Additionally, Scott reflects on the Fed's influence on markets and the psychological biases that affect investor decisions.

Christina Wing, a Senior Lecturer at Harvard Business School and founder of Wingspan Legacy Partners, shares her expertise on family offices. She discusses why 90% fail due to structural issues and how to address them. Christina highlights the importance of separating investment from other functions, effective governance, and attracting top talent. She uses examples from the Koch and Dell family offices to illustrate best practices. Additionally, she explores generational dynamics and emphasizes open conversations about wealth within families for sustainable success.

Steve Kaplan, a leading academic in private equity from the University of Chicago, shares crucial insights on investment strategies. He discusses why prestigious universities like Harvard and Yale are exiting private equity, analyzing liquidity issues. Kaplan provides a sharp breakdown of private equity versus the S&P 500, revealing performance myths and the importance of accurate metrics like the Kaplan-Schoar PME. He also emphasizes the benefits of co-investing and warns about overmarking. Kaplan's analysis is a must for understanding the complexities of today's investment landscape.

Stephan Roche, a Partner at BanyanGlobal and former senior executive for the Gates and Walton families, shares invaluable insights on managing family wealth. He delves into the three main investment models used by family offices and emphasizes the true edge being access, not size. Roche explains why starting with estate planning might be a mistake and offers a deep dive into private equity versus venture capital. Discover his views on aligning investments with family values, co-investing strategies, and the importance of multigenerational stewardship over mere wealth.

Tom Bilyeu, co-founder of Quest Nutrition and founder of Impact Theory, shares his incredible journey from sleeping on the floor to selling a billion-dollar company. He discusses the power of skill stacking over genius and introduces his innovative 'physics of progress' framework for constant improvement. Tom emphasizes the dangers of emotion-based decision-making and explains how to build elite teams through radical candor. He also touches on the mindset shift that transformed his path and explores the interplay between free will and pragmatic action.

Dr. Cameron Sepah, founder and CEO of Maximus, is revolutionizing healthcare by focusing on performance medicine instead of just treating sickness. He shares insights on how testosterone and GLP-1s can optimize health rather than merely manage conditions. Cameron discusses the critical role of AI in diagnostics and personal health coaching, revealing how it can transform patient experiences. He also highlights misconceptions around testosterone therapy and the need for rigorous clinical trials in health tech, setting a vision for proactive medicine's future.

Anurag Chandra, the Chief Investment Officer of a single-family office and former Investment Committee Chair of San Jose FSERS, shares his journey transforming one of the U.S.'s worst-performing pension plans into a top decile performer. He discusses how emotional intelligence and strong networks can eclipse sheer IQ in investing. Anurag highlights the importance of governance reform, lessons from Canadian pensions, and impactful decisions made during the 2020 market crash. He advocates for family offices adopting institutional strategies and delves into tax-loss harvesting and model delivery.