SPAC-less
SPACs have shifted from an exciting investment opportunity to another efficient corner of the capital markets. When I wrote SPACs: Croupiers and Incentives, Don't Just Do Something, Sit There, Air Out of the SPAC Balloon, Follow the SPAC Upside, and Concentration vs. Diversification, I saw lots of value to capture in SPACs. Since the last […]
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Capital Allocators Monthly - June 2021
"What might our responsibilities be as global citizens living the journey myth,as we face these new potent possibilities?"– Michael Mervosh The Hero's Journey Returns. Feeling the call to adventure? Michael Mervosh is leading the Hero's Journey in the mountains of West Virginia this summer. Learn More Announcements Our New Podcast Kicks OffManager Meetings with Capital Allocators […]
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The Excitement of Optionality
The precipice of these new ventures reminds me of every time I've made a new investment. I do a ton of research upfront, think I have something special, and write the ticket. Each time I've funded a new manager, bought a new stock, or grabbed a new crypto token, my optimism about the outcome reigns […]
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AMA with Yen Liow
AMA with Yen Liow on July 22, 2021 11:00 AM Yen discusses Twitter, the importance of learning, the dynamics of short selling, concentration, and finding new ideas.
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Missionaries and Mercenaries
Alex Rodriguez described selecting investment partners as searching for missionaries and not mercenaries. His partner on the Minnesota Timberwolves purchase and VCP Fund, Mark Lorie, used the same expression on Guy Raz’s How I Built This to describe how he felt after selling Jet.com to Walmart (a missionary) and diapers.com to Amazon (a mercenary). That […]
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Capital Allocators Monthly - May 2021
Hello Fellow Listeners, Some announcements and an incredible list of reading and listens. Onwards!Ted Announcements Welcome to Hank Strmac, Chief of StaffAfter a multi-month process, I am excited to have Hank Strmac join this month. Hank will spearhead building the business around the podcast, including the launch of a new show, Capital Allocators […]
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No Easy Entry
I bought my first crypto token this week – my first crypto-related investment outside of BTC and ETH. One of my takeaways from Crypto for Institutions was the potential for DAOs to be the next big thing in the ecosystem after NFTs. I had the idea to buy leading DAO token Maker a month or […]
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It's All Relative, Until It's Not
Private equity has been the rage for a while. Managers delivered, and capital is abundant. As a result, purchase prices for new deals keep rising. Add to that the capital deployed in late-stage privates through mega-funds, crossover vehicles and SPACs, and it all feels like a feeding frenzy. I’ve long thought that these conditions would […]
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Hail to the Chief (Investment Officer)
David Swensen was my mentor in the investment business from this day many years ago when I graduated college and came under his tutelage. As I reflected on his passing this week, I felt into how much of an impact he had on my career and life.
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AMA with Ted Seides
AMA with Ted Seides on May 5, 2021 5:00 PM
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