How I Invest with David Weisburd

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.

Randal Quarles, Chairman and Co-Founder of The Cynosure Group and former Vice Chair for Supervision at the U.S. Federal Reserve, shares his unique insights into private equity. He discusses the misalignments between traditional private equity and family office needs, emphasizing tailored strategies. Randal highlights the benefits of long-hold investing and his preference for growth equity in overlooked sectors. He also reflects on lessons learned during the Great Financial Crisis and the philosophy behind building a sustainable investment firm.

Thomas Lee, Co-President and CIO at Parametric, shares insights from the $600 billion asset management firm. He discusses the future of customization in investment strategies, debunking myths around inflation while analyzing its complex impacts. Lee emphasizes personalized accounts for high-net-worth individuals and the importance of tax-efficient investing. He also touches on the shift from pooled funds to tailored solutions, showcasing how technology enables greater investment accessibility. This conversation dives deep into leadership in finance and innovative market strategies.

Nancy Davis, founder of Quadratic Capital and a former Goldman Sachs trader, shares her insights from nearly a decade on the prestigious prop desk. She discusses her options-based investment strategies and the common pitfalls investors face. Nancy emphasizes the importance of humility and coachability in finance. She also warns about the potential return of stagflation and critiques how the market currently prices inflation. With unique thoughts on risk management and trading psychology, her approach flips traditional models on their head.

Mark Wade, who leads strategy and investments at CAZ Investments, dives into the evolving landscape of alternative investments. He highlights the increasing demand from high net worth individuals and the strategic evolution of evergreen funds. Mark discusses the importance of alignment in investments, detailing CAZ's innovative risk management strategies and the benefits of transparency and trust-building with investors. He emphasizes the value of collaborative partnerships in enhancing investment success and the significance of humility in capital allocation.

Matt Foran, co-founder and president of StoicLane, discusses the innovative world of holding companies, focused on real estate and small business acquisitions. He shares insights on how StoicLane has successfully acquired 71 companies with a unique seller-friendly approach. Matt emphasizes the long-term advantages of permanent capital and the importance of transparency in building trust. The conversation also delves into leveraging AI for operational efficiency and the competitive edge of holding companies over traditional private equity in fostering sustainable growth.