Business vs. Investing

This podcast is sponsored by:

The CFA Institute. The CFA Institute is the global association of investment professionals, whose mission is to lead the investment profession by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. CFA Institute serves a global community of investment professionals working to build in an investment industry where investor's interests come first, financial markets function at their best, and economies grow. The Chartered Financial Analyst credential is the most respected and recognized investment management designation in the world. The views expressed in this podcast do not necessarily represent the views of the CFA Institute.

[00.01:43] – (First question) – Morgan on why he got disenchanted with the investment industry and shifted to venture capital

[00.04:05] – Jason’s thoughts about investing in the private markets

[00.07:57] – Morgan’s thoughts on how private market investments differ from public market investments

[00.10:24] – Exploring valuations of businesses and what they say about broader trends in the market

[00.13:21] – How much does Jason think about individual companies when exploring the overall market trends

[00.19:28] – What does it take to be a successful founder

[00.23:40] – How does Jason look at activities that are work-related vs just for pleasure

[00.25:33] – If Jason had to start a business, what would he do

[00.27:22] – What business would Morgan start

[00.29:18] – Problems with the financial planning industry

[00.30:56] – The role of stress in personal and business development

[00.38:17] – Are there signs that let you know when to cut and run vs when to keep slogging along with something

[00.44:20] – Principles to approach learning

[00.50:10] – The idea of keeping your identity small in a world where social media encourages one-upmanship

[00.53:56] – Last significant thing Morgan changed his mind about

[00.55:23] – Why Morgan chooses passive investing with stocks, but as a VC, essentially is a stock picker in private markets

[01:02:14] – What major thing did Jason change his mind about

[01:06:33] – What was the most interesting idea Jason and Morgan have been tackling and what data helped to spark that interest