Ben Reiter – Over the Edge with the Houston Astros (Capital Allocators, EP.166)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.7 • 841 Ratings
🗓️ 30 November 2020
⏱️ 50 minutes
🧾️ Download transcript
Summary
Ben Reiter, longtime Sports Illustrated columnist, author of the NY Times best seller Astroball, and host and producer of The Edge, a documentary podcast about the scandal that tarnished the Houston Astros.
Ben joined me on the show two years ago to discuss Astroball, which chronicled the Astros rise from cellar dweller to World Series champion in the 3 years after he predicted it would happen on the cover of Sports Illustrated. What happened after was a shock to his system. His podcast is his post-mortem on the team and on his work.
Our conversation discusses what happened, Ben's assessment of the team and his book, and his conclusions. In the end, Ben found that the Astros' story is about much more than baseball. It's about power, money, culture, and accountability. About a modern world where everyone is seeking an edge, and about who ultimately benefits from that world. It sure sounds familiar to our world of investing.
If the conversation peaks your interest, I strongly recommend having a listen to his podcast, The Edge.
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Transcript
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| 0:00.0 | Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets. |
| 0:10.5 | Ten East brings benefits of having your own family office without the cost and headaches of doing so. |
| 0:16.8 | It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner. |
| 0:24.2 | Michael and his investment team offer members the opportunity to co-invest by offering at their |
| 0:29.1 | discretion. Michael and his team source, diligence, and commit material personal capital to each |
| 0:35.3 | investment. The opportunities shared on the Ten East platform |
| 0:38.9 | offer exposure to private credit, real estate, niche venture and private equity, and other |
| 0:44.5 | idiosyncratic investments that typically aren't available through traditional channels. |
| 0:49.2 | The principles have over a decade track record of investing in these types of exposures |
| 0:53.5 | across more than 350 |
| 0:55.7 | transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting, |
| 1:01.8 | just as you'd expect from an institutional investment organization. I've known Michael for about a |
| 1:07.0 | decade, and after becoming impressed by the quality of 10 East offerings, its research |
| 1:11.6 | process, and high-quality investment team, I became an advisor to the organization, an investor |
| 1:17.1 | in multiple offerings. You can learn more and join me as a member at 10-east.com. That's the number 10, |
| 1:25.4 | east.co.O. |
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