PGIM

“We believe in the medium term, investors will be willing to give up some of the upside of the leanest possible supply chain, For a more resilient supply chain that can weather other tail risks.”

“Whether you agree with that view or not, companies can no longer afford to be perceived to be following that philosophy, and some of them are walking the walk, But all of them are talking the talk, but they all recognize that there's a much broader alliance of…”

“QMA, our quant business, did some great analysis on what is considered a linear relationship where, you know, very mature boards are considered to be less dynamic than new boards. And in reality, when you explore the valuation relationship between board length…”

“That cut the bait sooner than I used to. I valued optionality too highly. I wanted options. I sometimes over invested in things where I should have seen the signals that this isn't going to work and cut that particular investment, that particular idea sooner. …”

“We do think the demise of the office is a place where people convene, where companies' cultures and visions and missions are reinforced, particularly for new employees as these companies grow and change, will remain more important than those who say everybody …”

“So we were always skeptical about the ability of some of the co-working models because of their unique personal balance sheet situations to weather a downturn, and there's a rich history of co-working and flexible space providers weathering downturns badly.”

“So we have about 1.3 trillion in assets, largely third party. 80% of our fees come from third party clients, institutional and retail.”

“Cold storage facilities as groceries go online as well. Nobody wants to touch that cold tomato or squeeze that line before they buy it, but are willing to buy it online. I think that will be a permanent shift in the convenience factor. So cold storage real est…”

“Because to get the best talent and to have somebody who doesn't just hire you, but can also fire you when you underperform, you need third party clients.”

“My biggest investment pet peeve is probably an over-reliance on trading algorithms and back tests that lack a foundation in underlying theory. Probably comes back to my academic roots. But while I believe big data is absolutely part of the answer, and there's …”