Capital Allocators – Inside the Institutional Investment Industry

In this engaging conversation, Patrick O’Shaughnessy, a savvy investor and host of the Invest Like the Best podcast, joins Ted Seides to discuss his legendary bet with Warren Buffett. They explore the nuances of hedge fund performance versus the S&P 500, shedding light on the lessons learned from the wager. Topics include the challenges of defining skill in investing, the evolving landscape of hedge funds, and the significance of personal connections at Berkshire Hathaway meetings. Expect insights on market dynamics and the impact of emotions on investment strategies!

Tom Lenehan, Deputy Chief Investment Officer at Rockefeller University, shares his expertise in managing a $2B endowment at a pioneer of biomedical research. He dives into the complexities of balancing long-term goals with short-term performance metrics. Lenehan discusses the challenges of selecting elite venture capitalists in a competitive landscape and the necessity for diligence in investment decisions. His personal anecdotes about navigating early career hurdles and learning from past mistakes add depth to a conversation about resilience in the investment world.

Brett Barth is the Founder and CIO of BBR Partners, overseeing $12.5B for 125 families. He shares insights from raising twins, illustrating how personal experiences influence investment decisions. Barth delves into his journey from Wall Street to Hong Kong, highlighting cultural differences in finance. He discusses a tailored investment philosophy balancing equities and bonds, along with selecting managers. Unique investment opportunities in niche markets, like music royalties, are also covered, offering practical advice for both advisors and institutional managers.

André Perold, Chief Investment Officer and Co-Managing Partner at HighVista Strategies, discusses the challenges of investing, importance of building positive relationships in teaching at Harvard Business School, success factors of Harvard Business School, the founding of High Vista Strategies, and the challenge of identifying and investing in talented individuals.

Steven Galbraith, an investment manager and writer, discusses his career in investment management, market inefficiencies, and his experiences with running a local brewery and investing in education. He also shares insights on the importance of process vs outcome in finance and offers advice for managing money as a married couple.

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