Carnegie Corporation
12 statements across 5 episodes · 4 bullish · 1 bearish · 3 people on the record · first statement Nov 13, 2017 by Meredith Jenkins · across every show →
Everything said about Carnegie Corporation, oldest first
Nov 13, 2017 neutral
Jenkins: Co-CIO models carry inherent instability as leaders prove themselves
“There's, in contrast to the strengths that can be in that model, there's also, there can be a natural instability in that model. And, you know, each person's trying to maybe trying to prove themselves and whatever the case may be.”
Nov 13, 2017 positive
Jenkins: Back managers who sacrifice their own economics for LPs
“And the other circumstances, you know, that, that tended to work out back to sort of the alignment is the, when we could point to examples of when a manager did something that was either personally or economically painful to them in their firm to do right by t…”
Nov 13, 2017 positive
Jenkins: Carnegie's co-CIO structure built in a senior devil's advocate
“Then the other person between Kim and I would be the secondary. And so the secondary's role was a built-in devil's advocate. And so the secondary, you know, anytime anything new or re-up or we were just sort of re-examining a manager for some reason, the secon…”
May 14, 2018
Dec 16, 2019 positive
Lew: Dead donors give foundations a structural advantage over university endowments
“An advantage a foundation has over an educational institution is the fact that no one feels like they own the capital that we have. Andrew's been dead a 108 years, and so he didn't leave anything to his heirs, and so there's no one who feels an ownership of th…”
Dec 16, 2019 neutral
Lew: I only give negative feedback to high-potential people and let others fail
“And when I don't like somebody, I don't say anything. Hey, just go and fail. I don't care. It does come down to that. And because it's painful, right? It's not comfortable to give people negative feedback. So I really only do it to the people who I care about …”
Dec 16, 2019
Lew: Carnegie required the investment team to list their cognitive biases
“I think it was two years ago I asked everybody on my team to give me a list of their biases. Tell me what you think gets in the way of you objectively looking at investments and that may either create an environment where you're taking risks that you should no…”
Dec 16, 2019 positive
Lew: Carnegie conducts triennial whole-team research trips without predefined theses
“So the Carnegie team does team trips every three years. Whole team goes, and the idea is we don't necessarily have a fully developed thesis before we go. That's why everybody goes, and everybody can ask questions, and the assumption is that it perhaps isn't so…”
Dec 16, 2019
Dec 16, 2019 negative
Aug 17, 2020
Carnegie deliberately hired an Asian man to diversify a female-heavy team
“And honestly, we started with trying to add a man. Because our team was so heavily women, and I said that in a conference one day, because Ken Lee was the hire, and he's a, obviously a man, and he's an Asian man, and at a conference, I said he was our diversit…”