Capital Allocators
Ted Seides

Summary

Collection of advice for investors and people who manage money from guests on the Capital Allocators podcast

Rating: 3/5

Notes

Active investing now has a problem of paradox of skill

Good interviewers define the purpose, prepare, set the stage, listen actively and receive feedback

Outline a framework and a few good questions but listen and follow-up with good questions to what they’ve said

Find a good comfortable setting, find common ground, ask simple brief questions

Let people talk

Express humility

Lose the script

Be careful of confirmation bias

We are hard wired to make bad decision

Argue as if you’re right, listen as if you’re wrong and be willing to change your mind

Think in probabilities

Negotiation is learning

When going into a negotiation, prepare by understanding what you want and what they want

View the negotiation as a process of discovery instead of battle

Mirror, validate their concerns, empathize and be curious

Learn to walk away

Principles to lead people

• Define a vision
• Set standards of conduct
• Communicate consistently and frequently
• Behave authentically
• Inspire and motivate
• Adapt and evolve

A team follows a leaders actions more than his words

Perfection is not attainable but if we chase it, we might just catch excellence - vince lombardi

Command the room, command the message, command the process and command yourself

To unleash your greatness, surround yourself with greatness

Look for smarts, good communication, team player, integrity and experience when hiring

Assign accountability to individuals

Key with governance is clear definition of roles and responsibilities

Gold outreach does not work to get large institutional money

CIOs are happy to pay high fees for high performance

Crisis moments cause great leaders to check their ego and retest their assumptions before acting

Rising prices attract buyers and falling prices attract sellers

Buy when there’s blood in the streets, even when the blood is your own

When things go bad, they can get much worse than you expect. Things happen that don’t make sense

Everything in finance will be discovered and arbitraged away, except human judgment

The answer will come to you, there’s no need to chase it

Take the less obvious path when it feels right to you

Failure is not only an option but a necessity in life

What we know sits in the head of a pin. What we don’t is the size of the universe - Annie Duke

***

Buy the book here

Free E-book download here