In this episode, we discuss:
- The philosophy of David Swensen and the Yale Model
- How the role of hedge funds has changed over the years
- The bet Seides made with Warren Buffett
- Asset allocation vs. manager selection and the challenges to overcome
- What Seides has learned from doing his podcast
- The importance of leadership and time management
- The difficulty of making a good decision in the heat of the moment
- The future of crypto currencies and digital assets
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00:00 - Intro
03:23 - Ted’s background
07:35 - How Seides deviates from Swensen in his approach
10:36 - The Yale Model and the end of 60/40
15:55 - Is it more difficult to be a hedgefond allocator now?
23:03 - Asset allocation vs. manager selection
31:35 - What has Seides learned from doing his podcast?
39:58 - Learning by doing vs. learning from courses etc.
41:22 - What has Seides learned from interviewing CIOs and Allocators?
43:35 - What constitutes good and bad governance?
49:14 - Ted’s perspective on crypto currencies and digital assets
51:55 - Macro trends in the coming years
53:39 - Reflection on the success of Ted’s podcast
57:47 - How Ted’s role has evolved
01:01:21 - Thanks for listening