I've been on the speaking circuit of late. Great to catch up with lots of investors and allocators and looking forward to more in the coming weeks.
If you'd like to receive reminders of podcast episodes or blog posts as they get published, you can subscribe to the blog (distinct from this monthly email).
1. What Billy Beane and Jim Simons Have in Common
My latest column in Institutional Investor tackles the delicate balance between offering transparency and maintaining a competitive advantage in investing and in baseball.
2. Origins of an Investing Podcast
After giving a few speeches about the podcast, I wrote the story of how it came to pass.
3. Michael Lombardi, Gridiron Genius: A Master Class in Winning Championships and Building Dynasties in the NFL
Lombardi (no relation to Vince) is a thirty-year football veteran, having coached and managed under Bill Walsh, Al Davis and Bill Belichick. His book shares the inside story of how some of the best coaches in the game led their teams and built cultures of success. The back half is full of technical improvements coaches can make on the field and off. Michael is a tremendous leader himself and a great communicator. Stay tuned for our podcast conversation next week.
4. Polina Marinova, TERM SHEET.
Marinova is a columnist for Fortune who compiles a daily log of private deals and deal makers. I've found it a valuable resource to keep track of what's happening in real-time in the otherwise translucent, if not opaque, world of private equity.
5. Yale University Investments in Crypto
Bloomberg reported that Yale invested in two venture capital funds dedicated to blockchain technologies. The headline is a variation of a theme in When Will Yale Buy Bitcoin. Keep in mind that my piece wasn't actually about Yale and wasn't actually about bitcoin; instead, it suggested that new asset classes need to get adopted by a thought leader. If the thesis holds and Yale's dedicated investments in the nascent area prove lucrative, we may see many others follow suit.
1. Karl Scheer, CIO of University of Cincinnati, discusses his sensible approach to managing the school's endowment.
2. Andrew Tsai, CIO of Chalkstream Capital, walks through his fascinating career and discusses managing the family office of quant investor Peter Muller.
3. Michael Schwimer, former MLB pitcher and founder of Big League Advance, weaves statistics, sports, and investing into a incredible story and investment fund. The episode quickly became the most downloaded in the history of the show.
4. Michael Batnick, head of research at Ritholz Wealth Management, talks about his blog and his new book, Big Mistakes: The Best Investors and Their Worst Investments
Best of the Rest
1. Atul Gawande on Farnam Street's Knowledge Project
Shane Parrish does a masterful job interviewing Atul about healthcare, end of life, and process improvements.
Prior monthly emails are available at capitalallocators.com/blog.
Please feel free to forward this email to friends and colleagues.
Have a good one,