LB Partners
6 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Nov 29, 2021 by Chas Cocke · said 17 times in 2 episodes since 2021 · across every show →
Mentions by year
brought up most by Ted Seides (9), Chas Cocke (8)
tap a year for its mentions
2024 1 mention in 1 episode
2021 16 mentions in 1 episode
Everything said about LB Partners, oldest first
Nov 29, 2021
Cocke: Corporate transitions progress through three distinct stages of growth offsetting decline
“If you break it into three stages, you've got this initial stage one, where the decline of the legacy business is swamping the growth of the new business. It looks like the whole thing is going to die. You get to this middle stage where the duck Is perfectly s…”
Nov 29, 2021
Cocke: Quant strategies struggle to systematize businesses undergoing fundamental transitions
“That if you can find a business that is going through transition, where it's becoming a greater and greater business, but its perception lags, that type of opportunity set, I think, is really hard to systematize from kind of a quant perspective, where the busi…”
Nov 29, 2021
Cocke: LB Partners holds 70% of capital in top five positions
“We probably own 60, 50 positions. Very long tail of small things where they're still doing diligence, or we started buying and it ran away from us, or the purpose it serves is small. And we're too concentrated. Our top five positions are 70% of capital. Our la…”
Nov 29, 2021
Cocke: LB Partners uses multi-year incentive measurement and clawbacks
“And so when I built LBP, we intentionally built it with a multi-year measurement period. We built it with a hurdle so that if I'm having a down year or a down moment, In year two, and I was up in year one, well, our clients can actually begin to claw back some…”
Nov 29, 2021
Cocke: LB Partners fund investors receive equity in the BYTE Index business
“I actually took a piece of the ownership of that index firm and just granted it to my fund investors. So the idea there is if we raise money for our partners who actually own an ETF and license the index from us, I actually just to be clear, don't own the ETF …”
Nov 29, 2021 positive
Cocke: Small, tightly aligned investment units generate the best returns
“And it turns out that actually what I was very drawn to was a guy, a Bloomberg and a dog. And I actually think that is where the most special returns lie. And it doesn't have to be someone who has no team. But in small units where they are very, very synced up…”