The Interview - Druckenmiller Protege on Tech Investing and Developing Your Own Framework

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 9 August 2020

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

We all get our start somewhere, and often the formative experiences of our early years shape our career path for years to come. Beeneet Kothari, managing partner at Tekne, was fortunate enough to spend a large chunk of his formative years at Stanley Druckenmiller's Duquesne Capital where he became the youngest portfolio manager in the history of the firm. In this interview with Christian Alexander, headhunter and author of Macro Link, Kothari outlines his biggest takeaways from working with legends of finance and eventually starting and running his own successful fund. He explains why some of the most important lessons he learned are not hard and fast rules but ways to think, and why even after working at one of the most successful macro shops in the world, he built his fund with a narrow focus on his first love of tech investing. Additionally, he provides his views on bargain hunting, diversification and portfolio concentration, provides his outlook for technology investing in general, and argues against thinking of technology as a sector in the traditional sense. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You know, I'm really excited about this next interview.
0:07.8	Not only is the interviewer new to real vision.
0:10.2	He's been on once before as an interviewee.
0:12.3	Christian Alexander is an old friend of mine.
0:14.0	We used to work together at Goldman Sachs many years ago.
0:16.0	But Chris is a really special guy.
0:19.0	He intimately knows the world's most famous hedge fund managers.
0:22.0	He's friends with them all and he's very well respected for his slightly off the wall
0:28.8	non-consensus take on the world around him. He writes a brilliant,
0:33.2	brilliant weekly newsletter called MacroLink, which is something that I read
0:37.9	religiously. And it's not always about markets, it's about life in general.
0:41.1	But Chris now is also a headhunter to many of these very famous
0:45.4	hedge funds and he's really well respected. So Chris suggested that we interview
0:51.0	beneath Kothari and beneath is the managing partner of Techni.
0:56.4	He's a tech investor. He used to work with Stan Drucker Miller and he may not be
1:00.4	on everybody's radar screens but he is incredible and this interview really is going to be a master class in understanding how somebody runs portfolios, their investment careers, how they look at the world, and how they invest.
1:13.0	I really hope you enjoy it. I thought it would be interesting to begin an interview exploring how you got into the business
1:28.1	and what was your experience with Stan because almost all people who have worked from him have taken away valuable life's
1:34.8	lessons in their experience working there and I don't even in my own interactions
1:39.0	with him if I've had maybe the sum of 30 minutes of interaction with him.
1:45.1	10 of those 30 minutes are the most memorable
1:47.1	that I've had at financial markets for the things
	...

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