Todd Boehly

9 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Nov 22, 2021 by Todd Boehly · said 1 times in 1 episodes since 2023 · across every show →

On the record as a speaker too: Todd Boehly's record, appearances and statements → this page counts the times other people say the name.

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Everything said about Todd Boehly, oldest first

Nov 22, 2021 positive
Disclosure
Boehly: Eldridge's model avoids selling winning assets to prove returns
“Our model is such that as long as it's compounding and growing, I don't need to sell my winners in order to prove a point.”
Todd Boehly Nov 22, 2021 ▶ 38:56 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021 neutral
Assertion Partly supported
Boehly: Freescale buyout introduced covenant-lite debt at seven times leverage
“I remember seeing Freescale get bought out, and that was a big acquisition that was done with a lot of debt, and that was the first time Covenant Lite debt started really creeping into the market. And I think the free scale debt was LIBOR plus two 25, and it w…”
Todd Boehly Nov 22, 2021 ▶ 14:59 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021 negative
Disclosure
Boehly: Team advised selling Enron bonds at 90 cents before collapse
“And at the time the Enron bonds were trading right around 88, 90 cents on the dollar, depending on the bond. And we basically made the recommendation to sell the Enron debt, and the CEO of Salmon's at the time said, you guys are wrong.”
Todd Boehly Nov 22, 2021 ▶ 12:32 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021
Insight
Boehly: Start businesses when asset prices are high, buy when low
“And to me, starting businesses from scratch, growing them on the ground floor, when prices are really high, it's cheaper to start a business. And from prices are less high, it might be cheaper and less timely to buy a business. So you have to continuously be l…”
Todd Boehly Nov 22, 2021 ▶ 20:10 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021 neutral
Assertion Supported
Boehly: Eldridge launched by acquiring media and real estate assets from Guggenheim
“But that gave me the opportunity to acquire the media assets, to acquire the real estate businesses, all the stuff that I had been building at Guggenheim that was in its infancy, frankly, because that was not what they wanted and I understood it.”
Todd Boehly Nov 22, 2021 ▶ 19:16 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021 positive
Insight
Boehly: Evaluate a business's underlying value before its capital structure
“I really get frustrated when people talk about capitalization and cap structure before they talk about the business, right? I really want to understand the business. I want to understand why it's valuable. I want to understand why it's going to continue to be …”
Todd Boehly Nov 22, 2021 ▶ 52:20 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021 positive
Assertion Not checkable as stated
Boehly: Guggenheim bought senior bank debt at 50 cents in 2008
“We ended up buying senior bank debt at 50, 60 cents on the dollar, and literally within Four months, it was back at 85, 90 cents on the dollar.”
Todd Boehly Nov 22, 2021 ▶ 16:34 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021
Disclosure
Boehly: Eldridge operates without investment committees or closed-end fund structures
“Not investing out of funds, and we don't have investment committees, and we don't have complexity.”
Todd Boehly Nov 22, 2021 ▶ 35:56 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
Nov 22, 2021
Disclosure
Boehly requires preferred equity when deal counterparties retain operating control
“And I don't need control as long as I have structural seniority. So I tell everyone, if you want control, all I want is then a preferred. If I have control, then I don't need a preferred, but I don't want to give someone else control and not have structural pr…”
Todd Boehly Nov 22, 2021 ▶ 36:58 Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
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