Money Managers
topic on 5 shows · 9 statements across 9 episodes
Founder's Journal 
the Knowledge Project 
Sourcery 
Capital Allocators 
20VC
9 statements about Money Managers, every show
Bank: Successful money managers often make poor committee members
“The more important things tend to be the soft skills. Is this person a good listener? Is this person open-minded? Do they work well and collaboratively in a group? Those are things, interestingly, that often aren't typical of really successful money managers b…”
Weisburd: Money managers sell diversification to increase fees and importance
“Essentially, money managers sell diversification as a way to increase their own importance and also to increase fees, some would argue.”
Davis details Warren Buffett's five root causes of money manager underperformance
“In our research department, we have a letter that Warren wrote in 1965, I think that, or 66 that lists the reason that he believes most money managers, institutional managers tend to underperform.
And we framed that letter and put it on the wall in the researc…”
Gagliardi: Investors hire advisors primarily for emotional discipline in volatility
“The reason why it's so hard as an investor to control your emotions with your own money, that's why people hire money managers, that's why people hire financial advisors, because they need a third party who's indifferent, they're looking at the facts, they're …”
Lemkin: Founder-investors have a superpower in recognizing who is better than them
“Founders have this investing superpower that money managers don't have, which is they know who's better than them.”
Brilliant fund managers have significant shortcomings and require sane partners as ballast
“And this is an interesting thing about truly brilliant people. They typically have a flat side. So when I'm assessing money managers, and I've met a lot of them with huge egos and flat sides, I look for A partner. Do they recognize their own shortcoming, and d…”
Portnoy: Vast majority of money managers refuse to accept luck plays a role
“It drives me crazy that I would say a vast majority of money managers I've met over the years, and it's a big number, simply will not accept that luck is part of the equation.”
Seides: Top-performing investment managers are motivated by curiosity, not money
“The people who are good at this actually aren't doing it because of the money.”
Therrien: Top-growing future asset managers will combine quant and fundamental strategies
“I think that, you know, there's been some people talking about sort of the mix between quant and fundamental. I think in the future, the managers or the money managers that will sort of grow the best will be the people that will marry both discipline.”