Former Operators Struggle as Portfolio Managers Because They Over-Fixate
Allison Thacker · Allison Thacker – Different Perspectives and Different Assets at Rice University (EP.348) · Nov 6, 2023 · at 36:35
Allison Thacker, CIO of Rice Management Company, reflects on the differences between operator mentalities and portfolio allocator mindsets.
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“And I think the closer you are to an operator, the less you've been trained to let something go. You're at one company and your job is this one company and make it work. And the reality is You're a portfolio manager. You have at least a hundred choices across the sectors you cover, and many hundreds if you're at the portfolio level, and now at Rice, it's a global, anything goes that it wouldn't do harm to the university type of mandate, and so I almost feel like being too deep into one industry or company could be a disadvantage.”
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