Laurence Siegel – Current Myths and Long-Term Optimism (Capital Allocators, EP.137)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.7 • 841 Ratings
🗓️ 11 May 2020
⏱️ 60 minutes
🧾️ Download transcript
Summary
Larry Siegel is the Gary Brinson director of research at the CFA Institute Research Foundation and an independent consultant, writer and speaker. Before his "retirement", he spent fifteen years as the head of research at the Ford Foundation and a dozen before that at Ibbotson Associates.
Our conversation starts with lessons Larry learned in his time as an allocator and turns to his recent paper describing the 10 Myths of investing, an allocator's version of Byron Wien's annual surprises. After walking through each, we touch on his recently released book "Fewer, Richer, Greener," which offers a case for long-term prosperity and growth, even amidst the unexpectedly challenging times we're currently facing.
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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 process, |
| 1:12.2 | and high-quality investment team, I became an advisor to the organization, an investor in multiple |
| 1:18.0 | 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. |
| 1:33.5 | Capital Allocators is also brought to you by SRS Aquium. |
| 1:37.4 | Want to make sure your M&A processes aren't stuck in the past? |
| 1:43.6 | How about partnering with a company that's been defining the future of dealmaking for nearly two decades instead. |
| 1:50.5 | When it comes to M&A innovation, SRS Aquium has reshaped the way deals get done more than anyone else, streamlining processes for maximum efficiency and minimum headaches. |
| 1:56.6 | Professional shareholder representation? Online M&A payments, digital stockholder solicitation, |
| 2:03.4 | well, SRS Aquium pioneered each and continues to set the bar for game-changing innovation. |
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