Thread by @tseides

Going into the archives for the best takeaways from episodes...

“Anybody that said nothing lasts forever hasn’t been in a bad private equity fund.”

- Karl Scheer (EP.74).

Thanks @jfc_3_

@jfc_3_ "The client is the noble cause."

- Bill Gruver via Jon Hirtle (EP.98)

Thanks @PGarryDuncan

@jfc_3_ @PGarryDuncan "Clients want to be different and the same."

- Margaret Chen (EP.35)

@jfc_3_ @PGarryDuncan "Hedge funds are the point guard on the basketball team."

- Jim Williams (EP.50)

@jfc_3_ @PGarryDuncan "If you don't like change, you'll like irrelevance even less."

- Mike Lombardi (EP.75)

@jfc_3_ @PGarryDuncan "I ask three questions of every single person in the organization. What are we doing right, what are we doing wrong and what can we be doing better?"

- Bull Gurfein (EP.10)

@jfc_3_ @PGarryDuncan "If you don't think you need to evolve, you're already dead."

- Scott Malpass (EP.20)

@jfc_3_ @PGarryDuncan "Beta is like cholesterol. There's good beta and bad beta."

- Jim Dunn (EP.24)

@jfc_3_ @PGarryDuncan "A lot of allocators say they are long term investors, but their staff compensation is all short-term."

- Kip McDaniel (@KPMcDaniel) EP.20

@jfc_3_ @PGarryDuncan @KPMcDaniel "There's stories that we tell other people about ourselves, like a resume, and there's stories that other people tell about us, like a eulogy, Then there's the stories that we tell ourselves about ourselves...

@jfc_3_ @PGarryDuncan @KPMcDaniel ...we typically see them as either/or stories. Either I'm a really competent (self-affirming stories) or more often they are self-doubting stories."

- Tom DeLong (EP.18)

@jfc_3_ @PGarryDuncan @KPMcDaniel "You can't make a good deal with a bad person."

- Tom Russo (EP.16)

@jfc_3_ @PGarryDuncan @KPMcDaniel "Opportunity equals value minus perception."

- Chris Douvos (EP.14)

@jfc_3_ @PGarryDuncan @KPMcDaniel "When venture is working really well, time is really cheap and capital's really expensive. What happens in bubbles is that time becomes really scarce. People don't have any time. As a result, their capital becomes cheap."

- Henry McCance (per Chris Douvos) EP.14

@jfc_3_ @PGarryDuncan @KPMcDaniel "It's important to optimize fees not minimize fees."

- Andy Golden (EP.13)

@jfc_3_ @PGarryDuncan @KPMcDaniel "In public equity, you've got managers banging down your door every day, telling you how smart and good looking you are and laughing at all your jokes."

- Tim McCusker (EP.80)

@jfc_3_ @PGarryDuncan @KPMcDaniel "Emphasize the reflective over the reactive."

- James Aitken (EP.58)

@jfc_3_ @PGarryDuncan @KPMcDaniel "Money is a commodity, but money is attached to people and people are not commodities."

- Brent Beshore (EP.79) @BrentBeshore

@jfc_3_ @PGarryDuncan @KPMcDaniel @BrentBeshore "Let your enemy be your energy."

- Jen Prosek (EP.81) @ProsekPR

@jfc_3_ @PGarryDuncan @KPMcDaniel @BrentBeshore @ProsekPR "We work for a chorus of twelve and while you work with them individually, you have to listen to the chorus. You can't listen to 12 solos because you are not going to meet their needs."

- Chris Ailman (EP.86) @CJAtheCIO

@jfc_3_ @PGarryDuncan @KPMcDaniel @BrentBeshore @ProsekPR @CJAtheCIO "If you pay peanuts, you get monkeys."

- Rahul Moodgal (EP.87)

@jfc_3_ @PGarryDuncan @KPMcDaniel "Opportunity equals value minus perception."

- Chris Douvos (EP.14) @cdouvos

@jfc_3_ @PGarryDuncan @KPMcDaniel @BrentBeshore @ProsekPR @CJAtheCIO "Past glories are poor feeding."

- Isaac Asimov via Patrick O'Shaughnessy (First Meeting, EP.01)
@patrick_oshag

@jfc_3_ @PGarryDuncan @KPMcDaniel @BrentBeshore @ProsekPR @CJAtheCIO @patrick_oshag "Culture is how you create the space to dream and to think.”

- Andrew Tsai (EP.73)

Thanks
@aleksndr_r