Invest Like The Best
Episode 371 Making Bucks in Credit and Sports
Invest Like The Best

Episode 371: Making Bucks in Credit and Sports

Invest Like The Best

Episode 371

Making Bucks in Credit and Sports

Marc Lasry is the CEO of Avenue Capital Group. We cover the highs and lows of building a big investment firm, why sports is full of exciting opportunities, and why success requires a combination of book smarts and street smarts.

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(00:00:00) - Welcome to Invest Like The Best

(00:03:40) - Marc Lasry's Early Confidence and Competence

(00:06:03) - Distressed Credit Evolution and the Allure of Sports Investing

(00:08:15) - The Milwaukee Bucks: A Championship and Investment Success Story

(00:14:54) - Exploring New Frontiers: Bull Riding and Women's NCA

(00:18:33) - Venturing into Sailing with Larry Ellison's League

(00:22:27) - The Economics of Sports Team Ownership

(00:25:19) - The Vast Universe of Sports-Related Investment Opportunities

(00:29:36) - The Evolution of Distressed Investing

(00:34:05) - The Common Thread Through Marc’s Business Endeavors

(00:40:24) - Marc’s Most Memorable Investment (Not Including The Bucks)

(00:43:40) - The Dynamics of Working with Family in Business

(00:45:32) - Finding Happiness and Perspective Amid Financial Success

(00:51:03) - Diving into the World of NBA Owners

(00:55:19) - Exploring New Ventures: Sports, Real Estate, and Beyond

(00:59:03) - The Art of Deal-Making and Navigating Risks

(01:06:10) - The Kindest Thing Anyone Has Ever Done for Marc

 

Making Bucks in Credit and Sports

Introduction

Patrick
My guest this week is Marc Lasry. Marc is a pioneer of distressed debt investing and the CEO of Avenue Capital Group, which he cofounded with his sister in 1995. Avenue manages $13 billion today. More recently, Marc and Avenue have become active investors in sports. He owned the Milwaukee Bucks when they won the NBA Championship in 2021 and has since made investments in sports as diverse as sailing and bull riding.

In our discussion, we talked about his journey building a big investing firm, the evolution of distressed investing and the opportunities in sports today. Marc shared some great stories throughout about traveling with President Clinton, winning the NBA Championship and raising his first fund. Please enjoy this great conversation with Marc Lasry.

Building Competence and Confidence

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