Richard Lawrence
19 statements across 3 episodes · 5 bullish · 3 bearish · 2 people on the record · first statement Aug 14, 2017 by Richard Lawrence · said 3 times in 2 episodes since 2022 · across every show →
On the record as a speaker too: Richard Lawrence's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Louis-Vincent Gave (2), Ted Seides (1)
tap a year for its mentions
2022 3 mentions in 2 episodes 2 per episode
Everything said about Richard Lawrence, oldest first
Aug 14, 2017 neutral
Aug 14, 2017 positive
Overlook's largest LP suffered a 60% drawdown before making hundreds of millions
“Well, my largest investor left right before it really hit in June of I replaced him, and then calmly took my new largest investor down by 60%, but then they came back in with additional capital, and, you know, we made them hundreds of millions of dollars after…”
Aug 14, 2017
Superior businesses self-finance growth and maintain debt-free balance sheets
“Superior businesses have free cash flow. They generate cash. They have a large moat. They have high returns on investment, whether you return on equity, operating return, however you want to do it. They largely have debt free balance sheets, and they're self-f…”
Aug 14, 2017
Aug 14, 2017
Aug 14, 2017 positive
Aug 14, 2017 positive
Overlook's AUM capacity cap equalized its time- and capital-weighted returns
“And then about 20 years ago, I came up with this idea, let's limit the amount to, I think it was 12% of the last four years average NAV. So in big years, I bring in percentage-wise less, and in bad years, I can bring in percentage-wise more, and so you're kind…”
Aug 14, 2017 negative
Investors should evaluate funds by capital-weighted returns rather than time-weighted returns
“So if you look at funds, don't look at the time weighted return, which is the NAV, the per share NAV over time. Look at the capital weighted returns, because so many of the big funds, the brand name funds, they did really well with small amounts of money, and …”
Aug 14, 2017 neutral
Aug 14, 2017
Aug 14, 2017 positive
Fund managers must offer radical transparency to investors during bear markets
“I have created what you call the roadmap for a bear market, so calling every single investor more transparency, more discussion, more You know, give them the detail and the transparency through the portfolio. You can't hide. There's no denying I just kicked th…”
Aug 14, 2017
Jun 25, 2020
Jun 25, 2020 negative
Lawrence: Taekwang Industrial's CEO and his mother were jailed for misconduct
“About six years later, I got a newspaper clipping from a client of mine who'd been in Seoul, who had remembered this fight I had, and it was a newspaper clipping where the CEO was going to jail, and not only he put himself in jail through bad behavior, but he …”
Jun 25, 2020
Lawrence: Small governance nudges prompt corporate leaders to finish the job
“When you can take a company and move it from like 12 o'clock to one o'clock, We're not trying to move it to two o'clock or three o'clock or four o'clock. Just move it a little bit to one. Then he begins to see the benefits of good corporate governance. Then he…”
Jun 25, 2020 neutral
Lawrence: Taekwang Industrial depreciated a $600M facility in three years
“In fact, he built a six hundred million dollar spandex lycra facility that were back-to-back facilities, and he depreciated the whole thing in three years. And he was a guy who didn't like to pay taxes, obviously. But as a result, the stock was at two times ea…”
Jun 25, 2020 negative
Lawrence: Poor ESG correlates with low-margin, capital-intensive businesses
“And what I saw, what I began to piece together is this concept of a pyramid, and if you think about a pyramid, and that includes the entire universe of public companies, and at the top are these very special, really terrific, world-class companies, but at the …”
Jun 25, 2020
Lawrence: Frank corporate engagement in Asia requires strict one-on-one privacy
“And I've always said that you can discuss anything with Asians and be very frank and open and honest with them, but you've got to do it privately and confidentially. If you add more people in the room, the chances of success declines exponentially.”