Larry Kochard
speaker
464 appearances
1 recordings
1 series
first heard Feb 2026
last heard 11 Feb
Larry Kochard’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.
Appearances
As long as they've stuck to one strategy, they've kept the team together, the people that you like, they reward people the right way.
So there's an incentive alignment between them and you as an LP.
Yeah, so you're not going to underwrite that day one.
And that's part of what we're doing.
We're underwriting people.
Ultimately, whether it's people on your own team or the people that you're partnering with at all these funds,
is that assessment of people, what makes them special, what gives them a right to win, is what we're constantly doing and constantly pressure testing that.
What are we getting wrong?
Constantly re-underwriting those people, their process, their approach.
And so just because someone's done well, doesn't mean they'll continue to do well.
But you look at Warren Buffett.
Warren Buffett's a great example.
Someone that, you know, managing way more money.
Obviously, his returns in later years weren't as good as they were early years.
But still, this is exceptional talent from a temperament standpoint, in particular, that overcomes some of the other limitations to the size.
It's probably different definitions of structural alpha, but I would say just what the framework that we discussed really is structural alpha, is trying to identify why someone has a right to win.
What is their edge?
What is the inefficiency they're exploiting?
Has it become commoditized?
Is there been so much, again, getting back to your comment before, supply and demand of capital for a strategy, for a sector?
Showing 181–200 of 464 · page 10 of 24
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