#514: Ted Seides on The LP Perspective

Ted Seides, CFA has spent 25 years as an institutional investor, allocating money to managers. He started in 1992 at the Yale University Investments Office, seven years after David Swensen arrived at Yale. Ted spent five years learning under David’s tutelage and departed to attend Harvard Business School shortly before David wrote the bible in the industry, Pioneering Portfolio Management.

In 2017, Ted launched the Capital Allocators podcast, a series of interviews with leading Chief Investment Officers. His most recent book — CAPITAL ALLOCATORS: How the World’s Elite Money Managers Lead and Invest — will be published on March 23, 2021.

In this conversation, we discuss the Yale Investment Office, Dave Swenson, asset allocation, rebalancing, asymmetry, ESG, Diversity and Inclusion, comfort being different, and crypto.

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Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

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