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Capital Allocators

This show is an open exploration of the people and process behind capital allocation. 

Through conversations with leaders in the money game, we learn how these holders of the keys to the kingdom allocate their time and their capital.

Bain Capital's 40-year history as an industry training ground. My conversation with John Connaughton.

With thanks to 10 East.

Top quotes from my conversation with John Connaughton from Bain Capital.

1. "In the early years, the rest of the industry primarily hired from investment banks. We hired consultants, who are risk-averse, and found that we had a unique advantage in recruiting talent."

2. "Why are we going to be able to buy a business and yet deliver a better return than anybody else that's looking at it? The only reason you can do that is to create some form of inflection."
 
3. "We were one of the first firms that got into credit, public equity, and venture. We were one of the first to expand globally with our own people putting feet on the street. We wanted to find ways to provide opportunity for our people so we could keep our talent."

4. "We have had 48 leaders of our businesses who have come from a different part of the firm; 20% of them have come back to the firm to lead businesses after they've left."

5. "Our culture is about your long-term arc of impact and track record as well as your collaboration and work with the rest of the firm."

6. "We have a saying: who are the 10 mentees over the course of your career who are incredibly successful 10 years later."

7. "Partnership is a double-edged sword. Consensus can be terrific to vet outcomes and get to better answers, but sometimes consensus can yield less nimble decision making."

8. "Our reward system aims to be long-term investment-rich, which leads to a desire to reward patience and continuity."

9. "We're 40 years in the narrative for our industry, and it’s still not that far away from the Barbarians of the Gate stereotype. We need to turn that around."

With thanks to 10 East.

On Investment Management Operations, Scott MacDonald speaks with Nicole Adrien, NACD.DC from Oaktree Capital Management, L.P.

With thanks to Intelligo.

Top quotes from my conversation with bestselling author Charles Duhigg.

1. "Communication is Homo Sapiens' superpower. It's the thing that has allowed our species to succeed far beyond every other species."

2. "Once you learn the principles of communication, you can use them with anyone. Any of us can become a super communicator."

3. "Some of the core principles of super communication are asking deep questions, listening carefully, and proving you are listening."

4. "The three types of conversations are practical, emotional, and social."

5. "If you're not having the same kind of conversation at the same time, then conflict can grow very easily."

6. "When we acknowledge a conversation is going to be uncomfortable, we are going to make mistakes, and everyone belongs at this table, we get to 90% of the goal of making it safe to have a difficult conversation."

7. "Persuasion is a secondary tactic to communication. Unless you get the basic of communication down right, the persuasion probably won’t work."

With thanks to 10 East.

The secrets of communication. My conversation with bestselling author and business writer, Charles Duhigg.

With thanks to 10 East.

Empty rooms: Web3 after the fall. My conversation with Chris Dixon from a16z crypto. 

https://lnkd.in/eZJuseud

With thanks to 10 East and Enfusion.

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Capital Allocators