Hedge Fund Maverick

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(00:03:00) - (First question) - Lee tells us about his relationship with Steve Mandel

(00:04:29) - Why he thinks Steve gave him a hand into the role he excelled at

(00:07:22) - The concept behind investment talent

(00:13:08) - Steps he takes to hire the right individuals for his team

(00:16:14) - Why he stepped out on his own to start Maverick Capital

(00:18:77) - The hardest parts about launching the business itself

(00:20:48) - What he thinks makes for a great investment or stock purchase

(00:25:16) - How Maverick maintains its edge over other comparable firms

(00:28:31) - Features of a business that get his attention in a unique way

(00:32:03) - What he learned from Sol Price

(00:33:50) - He explains portfolio construction and risk

(00:38:21) - The difficult aspects of portfolio construction

(00:42:04) - How zero interest rates affected the long short style of investing

(00:47:22) - Positioning his team for success against other competitors 

(00:50:32) - How private market activity can affect public market activity 

(00:54:27) - Software companies and their strengths and weaknesses in the investment market

(00:59:33) - Things he tells his team to watch for

(01:04:10) - What Lee's learned about money

(01:07:02) - The most important conversation he’s had in Mavericks history 

(01:12:38) - Advice for senior executives trying to pass on responsibilities to others

(01:17:54) - What the next ten years for Maverick Capital look like 

(01:20:42) - Things Lee and Warren Buffett disagree on

(01:20:04) - Three active managers he would study 

(01:24:11) - The components of a great investment pitch

(01:25:08) - The hardest question anyone could ask him

(01:28:48) - What he thinks is important having started Maverick Ventures 

(01:31:32) - The kindest thing anyone has ever done for Lee