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Show Notes

[00:03:39] - [First question] - His history in both the buy and sell-side

[00:05:20] - Different types of roles on the buy-side and sell-side

[00:06:48] - Interest-sets that best align with being a buyer or a seller

[00:07:57] - The emotional experience of being exposed to risk on the buy-side

[00:08:53] - How the nature of buying and portfolio construction has changed

[00:10:15] - What Regulation Fair Disclosure (Reg FD) is

[00:12:46] - Key terminology and definitions of long-only and long-short funds

[00:17:40] - Varying clusters of long-short funds and defining each type

[00:21:48] - Differences in exposure between a platform model versus a traditional long-short stock-picking model

[00:25:16] - Skill-sets that are most important to have when navigating this space

[00:29:03] - Good versus great “digging” of information for investments

[00:31:20] - Why the quality of one’s analysis matters

[00:33:10] - Having a potential edge when deciding based on someone else’s analysis

[00:35:19] - Foundational building blocks of an effective stock pitch

[00:37:20] - Finding wrongly categorized stocks and reaping the rewards

[00:40:49] - Overview of good portfolio construction and lessons learned over the years

[00:44:06] - Why hedge funds tend to traffic heavily in T.M.T. and consumer sectors

[00:45:53] - Elements that strike him as great in a business

[00:48:05] - Businesses that once seemed great but has since faded away

[00:49:22] - Why hedge-fund managers always seem to make the most money

[00:53:50] - What a well-run hedge fund looks like

[00:56:39] - Characteristics that may make you well-suited for a career in fund management

[01:00:23] - Why quality mentors and portfolio managers are so important when deciding where you want to work

[01:01:38] - What interests him most in markets today

[01:05:20] - Useful frameworks and formulas used when approaching a new business

[01:08:15] - Interesting features about telecom businesses and what defines them

[01:10:45] - The future of the modern world’s internet infrastructure

[01:14:44] - Abundance vs zero-sum and fixed vs growth mindsets

[01:18:12] - The kindest thing anyone’s ever done for him