asset management business

“You look at the asset management business, even with the fee compression, it's still a very high margin business.”

“If you believe in your strategy, if you believe in your team, what is the X factor you need? You need duration of capital because you need to be around those times. And every decade, there's maybe one or two opportunities where there actually is Lower hanging …”

“When we look at the through line between slavery, the periods of racial terror in our country, lynching, mass incarceration, all of those different time periods have fingerprints on the current imbalance in the asset management business today.”

“What changes is when you add many more clients and then all of a sudden your day goes from 80% investing, 20% clients to 20% investing, 80% clients. And now you're in the asset management business.”

“It's a oil and water culture in many respects. The life insurer is a ruthless IRR investor. It has a bias to its IRR to cash paying on a regular basis because it's trying to match its cash flows as much as its assets and liabilities, but ultimately it is a inv…”