Capital Allocators – Inside the Institutional Investment Industry2 Touko 2017

The Bet with Buffett (Capital Allocators, EP.05)

Today's show is a little different from my ongoing series of conversations with Capital Allocators. As you probably know, about 9½ years ago I made a bet with a certain Oracle, in Omaha, that pitted the performance of a group of five hedge fund of funds against the S&P 500.

In this year's annual letter to Berkshire Hathaway shareholders, Warren wrote extensively about his views. You can find that letter at www.berkshirehathway.com/letters.

Now I haven't said a lot about the bet, although fairly often I'm asked how it came about, why I made the bet, what I really think about hedge funds and the market, and of course, who's winning.

I thought long and hard about whether to share my views publicly, and had been leaning towards staying out of the limelight. But my guest on Episode 2 of this podcast, André Perold, convinced me that I should share the many other investment lessons the public can learn from this exercise.

I thought a podcast would be a perfect venue to discuss my thoughts, so I asked my friend Patrick O'Shaughnessy to discuss the bet with me, and that conversation follows.

Before we dive in, I thought it might help to let you know where to find answers to some of those common questions I'm asked.

For starters, Carol Loomis, the legendary and recently retired Fortune columnist, wrote a wonderful piece called "Buffett's Big Bet" back in 2008 that described in detail how the bet came to pass. You can find her piece at www.capitalallocatorspodcast.com/bet.

On that same page, you can find links to some of my written thoughts – both at the time of the bet's inception and two years ago. Next week, I'll add another link with some concluding thoughts.

For more episodes go to CapitalAllocatorsPodcast.com/Podcast

Follow Ted on twitter at @tseides

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(803)

Senior Decision Makers: Nicholas Csicsko, Trinity Wall Street (EP.508)

Our first guest on the Senior Decision Makers mini-series is Nick Csicsko. Nick is a Managing Director at the Trinity Wall Street endowment, where he joined CIO Meredith Jenkins at the founding of the...

29 Kesä 58min

Homegrown CIO at Williams College - Abigail Wattley (EP.507)

Abigail Wattley is the Chief Investment Officer of Williams College, where she oversees the school's $4.5 billion endowment. She became CIO three years ago upon the retirement of Collette Chilton, who...

22 Kesä 47min

[REPLAY] Collette Chilton – Humility and Loyalty at Williams College (EP.174)

Collette Chilton is the CIO of Williams College where she has overseen its $3 billion since 2006. Collette is nothing short of a legend in the business. She has sat in a CIO seat since the early 1990s...

22 Kesä 53min

WTT: AI: Fundamentals, Valuation, and the Next Allocator Dilemma

This WTT, AI: Fundamentals, Valuation, and the Next Allocator Dilemma takes on a high-level assessment of AI companies as late-stage private winners prepare to go public, and the next big challenge al...

17 Kesä 8min

Hotel Investing at EOS – Jonathan Wang (EP.506)

Jonathan Wang is the founder and CEO of EOS Investors, where he has built three real estate investment platforms totaling $2 billion in assets under management across the hotel and residential sectors...

15 Kesä 56min

Contrarian Quality at GQG Partners – Rajiv Jain (EP.505)

Rajiv Jain is the Chairman and CIO of GQG Partners, a global equity manager he founded in 2016 that has soared to $160 billion in assets, rebuffing the challenging decade for active managers. Our...

8 Kesä 1h 4min

Operator-Led Private Equity at Ethos - Erik Brooks (EP.504)

Erik Brooks is the Co-Founder and Managing Partner of Ethos Capital, a middle-market private equity firm built to bring seasoned C-Suite operators into every aspect of the investment process. Erik's e...

1 Kesä 58min

Fundraising Mastery: The Tao of Kimmer – John Kim (EP.503)

John Kim, or Kimmer, has raised more than $70 billion across his career for leading venture capital and private equity firms. Kimmer recently distilled three decades of lessons into The Tao of Fundrai...

25 Touko 1h 9min