Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Aneet Deshpande

đŸ‘€ Speaker
277 total appearances

Appearances Over Time

Podcast Appearances

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

And we see that time and time again.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

And it's, again, if you don't, back to that saying, if you don't know where you're going, you won't take it there.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

So if you don't have an asset allocation or don't know what you're aspiring to, what chance do you have in making sure that you've got the right underlying investments to get you there?

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

I think it's very difficult.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

Yeah, and it's not to say that what we say is etched in stone.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

It goes back to the idea of having an investment policy with ranges around it, having very specific dollars carved out, say, for co-investment ideas that you want to be interested in that may not necessarily be part of your overall asset allocation.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

I think it's totally fine.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

We do this a lot where you have a predetermined or set amount of

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

dollars carved out for opportunities that are being sussed out by internal networks, for example, instead of through our own platform.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

So those are not things that shouldn't be done.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

It's just doing it in a way that's informed by the larger objective at hand.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

So I think your point is spot on.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

Yeah, I think that's coming.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

I mean, it's already there.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

We're already there, but it's going to continue to grow and get better and more evolved.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

I do think once you describe the outcome that you're looking for, there's going to be a co-invest platform that can help you get to that point.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

So again, a little bit of a technology plus desire thing, but I think the large one-off co-investments that we see through the late stage venture lens are probably just that.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

That is just simply giving people access to

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

you know, things that would have ordinarily been in the public market.

How I Invest with David Weisburd
E313: Why the Endowment Model Doesn’t Work for Taxable Investors

And so, you know, that's, you know, I'm gonna call it whether that's being able to talk about, you know, your investment in SpaceX at Saturday night at the country club or otherwise, I think that those are a little bit separate.