Josh Steiner
On 1 show, 1 appearance. The Shows tab opens the full record on each.
1shows
1appearances
13statements
3resolved
3supported
0contradicted
100%fully supported
Everything Josh Steiner said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mistakes stem from lack of self-awareness, whereas failures follow planned ambitions
“A mistake is a decision that you make almost always by yourself, where you're not aware of your surroundings or your emotional state, and it leads to regret. There's no planning. It's a decision you make without self-awareness. That's very different from a fai…”
Every mistake follows a three-act psychological framework of schemas and execution
“Each mistake is a three-act play. There's act one, and that's where your schemas are generally developed, either it's in your childhood or in your early professional experience. You form a way of looking at the world. Act two is when you make the mistake itsel…”
Investment committees frequently fail to address internal firm pressures and behavioral biases
“Investment committees, in my experience, are very good about talking about the specifics of an underlying investment. Here's this company. What do we think its cash flow characteristics are? What's the competition like? We're much less adept at discussing what…”
Investors shouldn't take credit for macro luck without an explicit initial thesis
“When it moves in your favor, you shouldn't be patting yourself on the back unless that was an explicit part of your investment judgment.”
CEOs who articulate direct reports' career aspirations are typically excellent managers
“The vast majority of the time, if you talk to a CEO and she can tell you what the career aspirations of her five or six direct reports are, the likelihood that she's a really good manager of those people is quite high.”
Expanding AUM to satisfy employee career ambitions often dilutes investment returns
“There are definitely times where both forms of growth can dilute the returns and lead to a drift in strategy relative to what made the firm successful initially. That's driven by the fact that you had people who wanted to grow their careers, but there hadn't b…”
Whitewater real estate deal ultimately caused Bill Clinton's impeachment
“Whitewater was this little, unimportant real estate transaction in Arkansas that ultimately led to the president's impeachment.”
Josh Steiner co-owns Paris Basketball alongside majority owner Eric Schwartz
“Simultaneously, over the last couple of years, I've been investing out of my PA in everything from companies in the AI world to the Paris basketball team, where my partner, Eric Schwartz, who's the majority owner and I own, and created a team over the last sev…”
Senior credit instruments offered equity-type returns during the 2008 financial crisis
“You were able to buy
Credit instrument, which were providing equity type returns, notwithstanding the fact that they were very senior in the capital stack.”
Josh Steiner admits prioritizing process over mentorship was his biggest Quadrangle mistake
“The mistake that I made at Quadrangle was not understanding that it wasn't enough to put in place those good structures and those good processes. I don't think I invested enough time into the people with whom I was working Understanding what they were trying t…”
David Swensen hired and mentored almost all Yale Investments Office senior leadership
“Almost all the senior leadership was hired by David and mentored by David.”
Treasury Secretary Lloyd Bentsen rejected Josh Steiner's Whitewater-related resignation
“I offered then-Secretary Benson my resignation. He kindly didn't accept it.”
One line per show, most statements first. The link opens Josh'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 | 1 | 13 | 100% 3/3 | full record on Capital Allocators → |