The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Former Operators Struggle as Portfolio Managers Because They Over-Fixate
“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 …”
Rice University is revisiting its public equity strategy toward indexing
“We have struggled with that, and we're actually revisiting our public equity portfolio strategy right now because it just continues to be a giant issue, which is most managers do not outperform the indices, and therefore why would you not be better off paying …”
Thacker: Rice endowment has avoided multi-manager pod shop hedge funds
“We have, for the good or the bad, really not participated in the pod model, multi-manager model”
Rice Mandates Four Office Days Because Zoom Halted Casual Information Sharing
“We are four days a week in the office because at the end of the day, we did not find that we could share the casual information. We shared the nine one and we did not share four one. We shared the emergency. Everyone has to know this information during COVID o…”
Thacker: Rice avoids biotech investing without internal scientific expertise
“It's one of the reasons we don't do much in biotech because we have not managed to hire that onto our team, and the more time I spend on it, the more convinced I am that without that knowledge, I just don't believe that we can be successful choosing managers i…”