Kim Lew
29 statements across 4 episodes · 8 bullish · 3 bearish · 2 people on the record · first statement Nov 13, 2017 by Meredith Jenkins · said 9 times in 8 episodes since 2021 · across every show →
On the record as a speaker too: Kim Lew's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Ted Seides (6), Meredith Jenkins (2), Gary Sernovitz (1)
tap a year for its mentions
2025 1 mention in 1 episode
2023 5 mentions in 5 episodes 1 per episode
- Gary Sernovitz - Inside the CIO Seat (EP.357)
- Seth Klarman – Timeless Value Investing (EP.328)
- Ravi Viswanathan – Venture Secondaries and Growth Capital at NewView (EP.327)
- Jim Falbe – Modern Value Investing at Saguaro (Capital Allocators, EP.320)
- Adam Shapiro – Post-Breeding Grounds for Rising Stars and Families (Capital Allocators, EP.319)
- every mention in 2023, scene by scene →
2022 1 mention in 1 episode
2021 2 mentions in 1 episode
Everything said about Kim Lew, oldest first
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
May 14, 2018
Carnegie Co-CIO model paired primary sponsor with asset allocation devil's advocate
“The way we structured it is, though, if you were the primary, your job was to really help the directors source and think about their strategy and support them in their work. And if you were the secondary, you were the devil's advocate. Not the devil's advocate…”
May 14, 2018
Lew: Ford liquidated $1.8B in tech distributions right before dot-com crash
“We literally had about 1.9 billion dollars in our distribution portfolio,
because the
Distributions were coming so fast that we literally were losing stock certificates because people were sending them in the mail.
And back then the transfer agents were not ef…”
May 14, 2018
Carnegie Co-CIOs divided asset classes to maintain future solo CIO marketability
“One, we each had to be managing a full diverse portfolio so that when we went out to interview for jobs later on, We could say we had played the role of a CIO managing a cross asset class. So it wasn't a, you do publics and I do privates, or you do illiquids, …”
May 14, 2018 neutral
Lew: Scaling venture funds alters their role in an institutional portfolio
“In order to feed the beast, they've got to get bigger, and bigger. To the point where what you invested in originally is very different than what they are now, which doesn't mean they won't be highly successful, but the role in portfolio is different.”
May 14, 2018
Carnegie holds 4% positions in legacy managers, hesitating to scale newcomers
“These big guys that we've been with a while have four percent positions. Are we ready to give these guys four percent positions? No. So either we have to decide That we're gonna have twice as big a portfolio resource problem, or we're gonna decide that we're g…”
Dec 16, 2019 neutral
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
Lew: Alienation and Self-Doubt Severely Hinder Class Participation at HBS
“It's really hard to do well at HBS if you don't speak up in class. If you have so much self doubt and you are always wondering about whether someone is perceiving you as not belonging there or less than, it's much harder to speak up than it is when you feel li…”
Aug 17, 2020 positive
Harvard Business School historically increased Black enrollment by adding a new section
“The way that they were able to increase the number of black students at HBS is by adding a new section. So no one felt threatened. We just have a brand new section. It's not like all the African-American people are in that one section. We sprinkle them through…”
Aug 17, 2020 positive
Carnegie found a direct correlation between manager performance and diversity scores
“There was a direct correlation to the highest ranked members of our portfolio. Those with the highest scores also had the highest diversity scores, and those were done independent of each other, and it was good to see, and it was good for us to then go back an…”
Aug 17, 2020
Carnegie evaluates asset manager diversity using a one-to-three scoring system
“We only score, it's one, two, or three. So it's sort of a blunt instrument. So I don't want to imply that it's not. One is you have diversity in your team. You have either ownership, decision-making of women and underrepresented minorities in your leadership. …”
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…”
Aug 17, 2020 positive
Lew: Outsized investment returns come from new perspectives unearthing untapped inefficiencies
“The best returns comes with out of the box thinking. These large firms are already seeped in how they do things. They have an established playbook. They will continue to execute on that playbook. Hard to compete with them on the playbook they have established.…”
Aug 17, 2020 negative
Lew: Scarcity mindset is the biggest barrier to diversity in finance
“I think it's the perception that the pie is shrinking. It's the biggest obstacle, right? Like it's really hard to For people to think outside of themselves when they feel threatened. If you think as a person in a position of power, if you think that in order f…”
Aug 17, 2020
Lew: All Black Parents in Urban Areas Have 'The Talk'
“I don't think that there's any Black parent, especially a Black parent living in the neighborhoods I lived in, who don't have the talk with their kids about what it means. To be an African American, especially in a place like New York City, where they don't ta…”
Aug 17, 2020 neutral
Investment mistakes often stem from expecting flawed managers to eventually change
“I think every one of my investment bad mistakes are things where there was something about it that wasn't quite right, but I thought they just need to be shown the way and they will change that thing.
People only change when they want to change.
You can't ma…”
Aug 17, 2020 neutral
Lew: Positive Asian stereotypes provided early access and advantages
“I'm also painfully aware that the positive stereotypes of being Asian also helped us In those environments, like it gave us access to a lot of things, or people assumed, like they assumed I was good at math for some reason, and so when I was good at math, peop…”
Aug 17, 2020 positive
Diversifying large asset managers creates more impact than funding emerging ones
“I'm actually Of the belief that the bigger impact will be on getting the large firms to be more diverse. That has a bigger overall impact than funding diverse managers. Although I think the more bang for the buck is finding these new diverse managers to suppor…”
Aug 17, 2020 positive
Aug 17, 2020 neutral
Lew on navigating mixed-race identity across different racial communities
“Being half black and half Chinese brings with it two very different stereotypes, and sort of navigating through that meant different things to different people, and so I could find myself in an uncomfortable position everywhere. It could be uncomfortable in th…”
Aug 17, 2020 negative
Lew: Managers should own self-interest instead of feigning LP alignment
“I think my biggest investment pet peeve is one, when you have a conversation with a manager about alignment,
And they try to pretend that they either don't understand it or that they are aligned.
You know when you're not aligned.
You know when you're propos…”
Aug 17, 2020
Aug 17, 2020 positive
Kim Lew: Understanding diverse perspectives gives investors an edge
“There is going to be advantages to those who take the time to understand that not everybody thinks like you. Not everybody has your same shared experience, and so the reaction to this thing is not going to be the same. And so you can leverage that to make good…”