Henry Ellenbogen

speaker

1,069 appearances 1 recordings 1 series first heard Dec 2025 last heard 16 Dec

Henry Ellenbogen’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Dec 2025 with 1.

Appearances

newest first · ▶ plays the moment

Invest Like the Best with Patrick O'Shaughnessy · Henry Ellenbogen - Man Versus Machine - [Invest Like the Best, EP.452] · 16 Dec 2025 podcast

But anyway, I got to know him and we talked a lot and I realized actually there were real limitations to what the quants could do.

I started realizing if it's a repeat actor problem based on known data, actually the quants are pretty good.

So what does that mean at the time?

Well, it means is if you're just a person who buys an industrial company because the PMI is down and historically when the PMI re-rates and gets better and you make money,

That's not going to work.

The machines are just going to be better at that.

But if you're like what we were at the time, people who are really good at understanding people and really good at understanding change, that was really advantaged.

And I basically, at my old firm, I did internal teaching on man versus machine.

And I said, as a result, what the New Horizon Fund is going to go do is we're going to go double down on these two things.

And we're going to get better at them.

We're going to get more focused on what we do on the people side of our business, both in the public and private market.

And we're going to get more focused on where change happens.

impacts both our early stage growth companies and our durable growth companies.

And where we're investing, where we're not advantaged versus these machines, probably shouldn't have done it anyway, but we're going to stop doing it.

But we did it, of course, all within our investment philosophy.

And that's basically what we've done at Durable as we've gone and studied millennial incentives.

First,

Let me be very clear, deeply respect those organizations.

I think they're great at what they do.

And I actually believe the people who work there are very talented.

Showing 301–320 of 1,069 · page 16 of 54