Ali Hamed - Building an Investment Firm - [Invest Like the Best, EP.362]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Technology, Business, Investing

4.7 • 2.5K Ratings

🗓️ 27 February 2024

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Ali Hamed. Ali was first on Invest Like the Best six years ago. He was 26 at the time and four years into building his investing firm, CoVenture. Both then and now, Ali is an example of what’s possible when you think creatively. Six years later, CoVenture now manages two-and-a-half billion dollars, and Ali continues to find alpha in esoteric places. We talk about YouTube catalogs, creative opportunities in real estate, and how venture investing helps them get better at credit. We also talk about his lessons from building an investment firm and what it’s been like to work with Michael Ovitz. Please enjoy this great conversation with Ali Hamed. Listen to Ali host a Business Breakdowns on Spotter Listen to Founders Podcast For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus, the only investment research platform built for fundamental investors. Whether you’re trying to get up to speed on a new market or keep tabs on a portfolio company, Tegus is the end-to-end investment research platform you need. With Tegus, you can quickly understand a company's business model, drivers, benchmarks, and management quality. To monitor an entire market, download our pre-built financial models — or update your own with the latest data using Tegus’ new Excel Add-In. Tegus gives you all of this and more, all bundled into a single software license. Find out why 95% of the top 20 global private equity firms are Tegus customers. Learn more and get your free trial at tegus.com/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes: (00:00:00) Welcome to Invest Like the Best (00:03:11) First Question - The Journey of Building an Investment Firm (00:15:08) The Influence of Time and Scale on Asset Classes (00:22:39) The Power and Potential of YouTube's Asset Class (00:27:33) The Future of Real Estate and Housing Supply (00:30:15) The Challenges of Investing in Platform Economies (00:36:44) The Pitfalls of Capital Formation in Asset Management (00:45:17) The Evolution of Venture Portfolio (00:51:14) The Approach to AI and Other Emerging Technologies (00:54:42) The Mispricing in Private Credit (00:58:46) Building the People Side of the Business (01:04:21) The Challenges and Opportunities in Valuation (01:19:40) The Impact of Michael Ovitz on CoVenture (01:23:11) The Kindest Thing Anyone Has Ever Done For Him

Transcript

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0:00.0	This episode is brought to you by Tegis, the only investing research platform built for fundamental investors.
0:05.6	Whether you're trying to get up to speed on a new market or keep tabs on a portfolio company,
0:10.0	Tegis is the end-to-end investment research platform that you need.
0:13.2	With TIGAS, you can quickly understand a company's business model, drivers, benchmarks,
0:17.8	and management quality.
0:19.1	To monitor an entire market, download our pre-built financial models, or update your own with the latest data using
0:25.2	Tegus's new Excel ad-in.
0:27.5	Tegus gives you all this and more all bundled into a single software license.
0:32.2	Find out why 95% of the top 20 global private equity firms
0:35.7	are Tegus customers.
0:37.1	Learn more and get your free trial at Tegus.com
0:40.0	slash Patrick. You may have heard me reference the idea of maniacs on a mission and how much that idea
0:46.8	excites me. Well, David Senra is my favorite maniac on one of my favorite missions with his
0:51.4	weekly crafting of the Founders Podcast.
0:53.6	Through studying the lives of legends, he weaves together insights across history
0:57.8	to distill ideas that you can use in your work. Founders reveals tried and true tactics battle tested by the world's icons and has
1:06.1	David's infectious energy to accompany them. With well over 300 episodes your
1:10.6	heroes are surely in the lineup and his recent episode on Oprah is
1:14.3	particularly great. Founders is a movement that you don't want to miss. It's part of
1:18.5	the Colossus Network and you can find your way to David's great podcast in the
1:22.2	show notes.
1:26.8	Hello and welcome everyone. I'm Patrick O'Shaughnessy and this is Invest Like the Best.
	...

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