Gregg Lemkau
13 statements across 1 episodes · 7 bullish · 3 bearish · 1 people on the record · first statement Jan 9, 2023 by Gregg Lemkau · across every show →
On the record as a speaker too: Gregg Lemkau's record, appearances and statements → this page counts the times other people say the name.
Everything said about Gregg Lemkau, oldest first
Jan 9, 2023 negative
Jan 9, 2023 positive
Compounding capital yields meaningfully different outcomes compared to maximizing pre-tax income
“Compounding capital can make a lot of difference. You spend your life in a world of maximizing pre-tax income, and you go to a world of actually compounding capital, if you think about it from an investment standpoint, and it's meaningfully different.”
Jan 9, 2023 positive
BDT and MSD's merger governance has no formal tiebreaker voting mechanism
“And it was fascinating as we were putting together the governance around the deal, everyone said, well, what happens if you guys don't agree?
We're like, we're going to agree.
Well, what if you don't?
We'll go in a room till we agree.
Maybe we'll ask Michael's…”
Jan 9, 2023 neutral
Jan 9, 2023 positive
Jan 9, 2023 positive
Playing four hours of golf reveals a person's temperament and ethics
“One, it teaches you someone's temperament because everyone hits a bad golf shot, so you see how they are. Two, it teaches you how they treat other people. How someone treats a caddy is very interesting and insightful. It's like how they treat a waiter. And thr…”
Jan 9, 2023 positive
MSD aligns investor team wealth with carry rather than management fee generation
“Now, the vast majority of my investing teams here of the potential wealth creation is around their economics in the carry and their co-invest.
So that's what I still want.
I still want them focused on that as opposed to focus on generating fees.”
Jan 9, 2023 neutral
Investing businesses require strategic step-backs, unlike advisory market-share mindsets
“The classic investment banker mindset is do everything for anybody all the time, right? Solve their problems. Do more. There's an extra five minutes in the day. I can get one more client and actually trying to pull back from that natural temptation of being in…”
Jan 9, 2023 negative
Jan 9, 2023 positive
Jan 9, 2023 negative
Jan 9, 2023
Lemkau, Robert Smith, and Mark McMorris launched Goldman's West Coast tech M&A
“It was a guy named Mark McMorris, who went on to go work at General Atlantic for a long time, and then Robert Smith, who eventually went on to go found Vista Equity, and me, the three of us went out there, all the same associate class, like three musketeers st…”
Jan 9, 2023 positive
Persisting with hostile clients during financial crises builds enduring relationships
“Those early days of the financial crisis were scary, but it also ended up being incredibly character building because you go out there while you're probably the pariah to society and you go and build relationships with clients who are predisposed to not want t…”