Michael Dell

“So he's got huge exposure to two big single stock positions. It was one with Dell. They then spun off VMware, which has announced it's merging with Broadcom, but really big public market exposure there.”

“At some point in his lifetime or shortly thereafter, his plan is to give all his money away and doesn't want that to cripple the firm.”

“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…”

“We'd created this hospitality vehicle with all of our High-end hotels, and stuck them in a permanent vehicle, and then raised capital into it, and we actually used BDT to raise that capital from their LP base, because we wanted to see their investors like our …”

“MSD started in 1998 as pure family office. It was diversify Dell family wealth away from Dell at the time. And it was started by two folks named John Phelan and Glenn Furman, who for 20 plus years ran it together.”

“If you've got investors with leverage, they're focused on not losing money, number one. The leverage works both ways, and they're focused on really compounding wealth over the long term”

“When it's one person whose capital it is, you can have a statement and it can have parameters, but it's a fluid expectation. Exercise. And this is a living, breathing person who has opinions and is in the markets every day and also watching his Bloomberg scr…”