Capital Allocators Monthly - August 2021
"Risk is what’s left when you think you’ve thought of everything." - Carl Richards Announcements Victoria Sienczewski joins Capital Allocators. Victoria joins us from Global Endowment Management as a Partner to help grow Capital Allocators and work on our investments. After a rockstar internship with Ted as an HBS student, we’re thrilled to have Victoria […]
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Coinbase: My Favorite Beta
For a while, I’ve owned crypto beta in the form of Bitcoin, Ethereum, and more recently, Coinbase stock. Coinbase reported earnings this week for the second time since going public. Once again, it blew away expectations. After a modest move higher on the news, the stock trades around $280, representing a market cap of approximately […]
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The Allocator: Stinkers
From Leanna Orr's The Allocator Newsletter
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Capital Allocators Monthly - July 2021
In Memory of Danny Offit "Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose." - Steve Jobs Announcements Capital Allocators University. We created a course for investment professionals to build their individual talents, strengthen organizations, and drive investment results. Pre-Sale registration is […]
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The Thinking Behind Capital Allocators University
The hardest day to invest is always today. That investment truth seems particularly apropos today – a time when assets seem expensive, managers competition has intensified, and allocators are more sophisticated than ever before. In order to meet client needs, institutions will need to identify the next frontier, which I believe will come from inside organizations rather than from […]
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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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