Jon Harris

Everything Jon Harris said on any show that made the record, most notable first. Each card names its show and opens the statement there.

CAPITAL ALLOCATORS Disclosure

Jon Harris leverages his personal LinkedIn network for AIM manager diligence

“We use my LinkedIn account as a firm, and so when we're meeting with managers, we'll connect to everybody within that firm. We then are able to get graduation years, so we can see everybody that went to Yale, And being able to find a warm connection and making…”

Jon Harris Jul 29, 2019 ▶ 23:45 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

CAPITAL ALLOCATORS Insight

Past performance predicts the future only when evaluating manager character

“We have a saying, which is past performance is not indicative of future performance, unless you're talking about one's character.”

Jon Harris Jul 29, 2019 ▶ 27:15 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

CAPITAL ALLOCATORS Insight

Mid-level private equity staff lack financial incentives to pass on deals

“So if you're a thirty-five-year-old VP at a firm, and the firm's been successful, you're not gonna get credit for passing on a deal. And you only get paid for the stuff that you do do.”

Jon Harris Jul 29, 2019 ▶ 34:18 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

CAPITAL ALLOCATORS Insight

Jon Harris prefers paying heavy incentive fees over guaranteed management fees

“I'm more than happy to pay in fees. I actually wake up every morning saying a prayer that I'm going to pay the most in fees that year that I've ever paid, but I'd rather be paying an incentive. And I don't want somebody to make money just for showing up. They …”

Jon Harris Jul 29, 2019 ▶ 45:15 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

CAPITAL ALLOCATORS Disclosure

AIM asks prospective fund managers to show their personal Uber passenger ratings

“We always will bring up in the meeting, we'll get the person to show us their Uber score.”

Jon Harris Jul 29, 2019 ▶ 53:01 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

CAPITAL ALLOCATORS Assertion Not checkable as stated

Pre-2008 investors overlooked gross exposure risks, losing on both sides

“And I think that going into oh eight, a lot of people thought about what is your net exposure? Not enough people thought about what's your gross exposure. And you ended up, a lot of people lost money on both sides.”

Jon Harris Jul 29, 2019 ▶ 56:11 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

CAPITAL ALLOCATORS Disclosure

AIM issues flashlights, smoke masks, and go bags to new hires

“Everybody on our team gets a flashlight and a smoke mask and a whistle when they join. We have go bags”

Jon Harris Jul 29, 2019 ▶ 56:37 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

CAPITAL ALLOCATORS Assertion Not checkable as stated

George Walker created Goldman Sachs's first outsourced CIO practice

“George Walker, who's now running Neuberger, had come up with this idea that I really described as the first outsource CIO at Goldman. We were over the wall working with large institutional families, a lot of times pre-transaction.”

Jon Harris Jul 29, 2019 ▶ 13:59 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

CAPITAL ALLOCATORS Disclosure

Jon Harris uses a 10-minute desk timer to limit meeting drift

“We've started using a little timer clock in my office, so when people come in and they say, I need five minutes, I set it to 10 minutes, and so it's getting rid of that. Extra sort of sit around time.”

Jon Harris Jul 29, 2019 ▶ 58:59 Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)

One line per show, most statements first. The link opens Jon's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
CAPITAL ALLOCATORSLEDGER		4	33	—	full record on Capital Allocators →