The "Why" Behind Capital Allocators University
what-teds-thinking
January 12, 2023
“Our community already knows most of what matters within the field. It’s the interdisciplinary education outside of investing that allows us to identify new sources of return.” The hardest day to invest is always today. That investment truth seems particularly apropos today – a time managers competition has intensified and allocators are more sophisticated than […]
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You Won’t Detect the Next Fraud
what-teds-thinking
January 11, 2023
In the fall of 1998, I sat down with famed value investor Michael Price and asked what he learned from having invested in the accounting fraud perpetrated by “Chainsaw” Al Dunlap at Sunbeam Corporation. He responded, “Absolutely nothing!” [1] Michael went on to explain a principle about frauds. When you conduct analysis on an investment, […]
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Capital Allocators Monthly Newsletter - December 2022
monthly-email, news
January 2, 2023
Join our Mailing List to receive additional content each month, including Ted’s recent blog posts and premium content previews.
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Capital Allocators Annual Letter 2022
what-teds-thinking
January 1, 2023
Dear Stakeholders, “May you live in interesting times.” – Ancient Chinese curse I’m excited to share our third annual letter. To set the table, I’ll start with our Why. Our mission is to Learn, Share, and Implement the Process of Premier Investors. We carry out that mission through a set of six shared values summarized […]
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The Power of an Interview
what-teds-thinking
December 9, 2022
The financial world is ablaze with the collapse of FTX. Not since the Bernie Madoff debacle have players in the investment profession been so exposed for failures in due diligence after a frothy market environment. Back then, hedge fund of funds awash in inflows got chastised for glossing over details in the pursuit of steady, […]
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Novus: Successful Investors - Compelling Narratives
news, podcast-episode
December 8, 2022
In this episode of the Successful Investors podcast, Ted discusses: lessons learned from Capital Allocators, how hosting a podcast is similar to investing capital, and what motivated Ted to build the multi-faceted Capital Allocators ecosystem. Listen Here.
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Capital Allocators Monthly Newsletter - November 2022
monthly-email, news
December 1, 2022
Join our Mailing List to receive additional content each month, including Ted’s recent blog posts and premium content previews.
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Capital Allocators Monthly Newsletter - October 2022
monthly-email, news
November 1, 2022
Join our Mailing List to receive additional content each month, including Ted’s recent blog posts and premium content previews.
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Ted Honored with ‘Citizen of the Year’ Award
Kip McDaniel’s With Intelligence held its first Allocator Prizes dinner, at which Ted received the industry’s ‘Citizen of the Year’ award for"exceptional contributions to the institutional investor community and visibility of its best people, work, and practices." We have you to thank for your time and engagement that led to this honor.
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When There’s No L in LBO
what-teds-thinking
October 21, 2022
Once upon a time, Michael Milken catalyzed the modern private equity industry by financing leveraged buyouts (LBOs) with below-investment-grade bonds. Market participants dubbed the paper “junk bonds” in the heyday of the 1980s. Much like less-marketable financial conventions like “death insurance” and “passive investing,” the moniker “junk bonds” did not resonate with all comers.[1] The […]
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