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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Capital Allocators Monthly - April 2021
Hello Fellow Listeners, As spring arrives, so too did the length of my reading list. This was the hardest month I remember just five readings to share. Onwards! Announcements Premium Sample - Concentration vs. Diversification. My journey in SPACs led to this framework of thinking about when to concentrate and when to diversify. Premium subscribers […]
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Don't Be So Short Term
David Swensen walks into the office every day embodying Yale’s perpetual time horizon. The way he instills and reinforces that mindset is one of his many unique skills. Shortly after I left Yale and had a summer job at Brahman Capital, I was taking in a ball game in the old Shea Stadium with Yale’s […]
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Concentration vs. Diversification
Earlier this week, I rotated the lion’s share of my SPAC portfolio to concentrate in three names from two sponsors – Chamath Palihapitiya (IPOD and IPOF) and Jason Karp (HMCO). I also tightened the selection of warrants to focus only on those most likely to make a bang with a merger announcement. The evolution of […]
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