Parsifal Capital Management
also referred to as: parsifal capital
21 statements across 2 episodes · 5 bullish · 5 bearish · 1 people on the record · first statement Apr 22, 2019 by David Zorub · said 25 times in 2 episodes since 2019 · across every show →
Mentions by year
brought up most by Ted Seides (17), David Zorub (8)
tap a year for its mentions
2025 15 mentions in 1 episode
2019 10 mentions in 1 episode
Everything said about Parsifal Capital Management, oldest first
Apr 22, 2019
Parsifal Capital will hold roughly 20 longs, concentrating in the top 10
“So we're only going to be long, say, about 20 securities. The top 10 will be 60 to 70% of what we do, and then those will cut across all those different risk premiums, so traditional long, Event-driven, special situations, equity, credit”
Apr 22, 2019 neutral
Apr 22, 2019
Apr 22, 2019
Zorub: Parsifal screens candidates for the ability to admit ignorance
“We have to find people who can admit that they don't know the answer to something, which is actually really hard, and so I gear the interview process towards really trying to force that, and if someone simply can't just say, hey Dave, I don't know the answer t…”
Apr 22, 2019
Zorub: Parsifal uses a concentrated, cross-asset global long/short strategy
“My investing style Is global. It's concentrated. It's cross assets. So we do traditional long short with an emphasis on short selling, but we also do event driven, special situations, equity, credit, aspects of volatility.”
Apr 22, 2019 neutral
Zorub: Launching a modern hedge fund requires day-one institutional infrastructure
“The demands to start a business today and a hedge fund today are, I think, just harder than it's ever been. I think what's changed is a few things. One, the institutional demands on the business side. So the days of just kind of hanging a shingle, investing, m…”
Mar 3, 2025
Mar 3, 2025 neutral
Zorub: Parsifal lost substantial short-book alpha during 2021 meme stock squeezes
“In mid-twenty-three, I wrote a letter to our partners where we actually looked at our short performance, the hard data inception to date. And at that time, I guess we had maybe north of 50 months of data. And what we saw was in the vast majority of those month…”
Mar 3, 2025 neutral
Zorub: Markets produce 1-2 severely mispriced, career-risk-polarizing opportunities annually
“Or simply pretty reliably each year, the market will spit out one to two opportunities that are so polarizing because people are simply afraid to lose their jobs or get fired if they even mention the name of that company.”
Mar 3, 2025 negative
Zorub: Sector specialists face perverse incentives when sectors fall out of favor
“The flip side from the specialist perspective is you're under a lot of pressure day in and day out to always like and always hate something. But what if your sector or your subsector is simply out of favor? That can give rise to some perverse incentives that w…”
Mar 3, 2025 bullish
Mar 3, 2025 positive
Zorub: Identifying why securities misprice beats screening for cheapness or quality
“When you tilt your lens away from asking, hey, is this business cheap or expensive? Is it good or bad? And instead ask, is it mispriced? If it is mispriced, why? And to what degree can I exploit it through my process? It becomes a very powerful algorithm for t…”
Mar 3, 2025 negative
Mar 3, 2025 negative
Mar 3, 2025 bearish
Mar 3, 2025 neutral
Mar 3, 2025 positive
Zorub: Generalist investors spot inflection points faster than deep sector specialists
“As a specialist, you're going to be able to react faster. You're going to identify situations and probably have access to data that maybe we don't even have. As a generalist, you're never going to be at the tip of that spear, but the advantage that you have is…”
Mar 3, 2025
Mar 3, 2025 positive
Zorub: Teams should reject ideas lacking potential for 5% to 7% sizing
“Mediocre ideas tend to cancel each other out in the end, and they consume a lot of time and bandwidth, and so core to our process is I tell the team, don't spend any time on something that we don't think has the characteristics of becoming a large idea. Now, i…”
Mar 3, 2025 negative
Zorub: Magnificent Seven dominance has bifurcated markets and distorted bottom-up investing
“And what we've seen is that the rise and dominance of mag seven has led to a real bifurcation of markets and opportunity sets. The rise of mag seven is really distorted bottoms up investment outcomes and decision making.”