Neil Mehta

And he was the first one I remember making a large scale category defining investment in a category defining company that was so obviously going to change the world. The way he built DST, the number of correct decisions he's made compared to the number of bad decisions he's made. it really is a remarkable ratio. I can't name, I think the total impairment in all of DST is like very low.

And he was the first one I remember making a large scale category defining investment in a category defining company that was so obviously going to change the world. The way he built DST, the number of correct decisions he's made compared to the number of bad decisions he's made. it really is a remarkable ratio. I can't name, I think the total impairment in all of DST is like very low.

The quantum of money they've made as a firm, and then also with his personal investing in things like ByteDance and Xiaomi, You just take one of those and that's all of the firm's returns. By the way, who do you think is the best?

The quantum of money they've made as a firm, and then also with his personal investing in things like ByteDance and Xiaomi, You just take one of those and that's all of the firm's returns. By the way, who do you think is the best?

Yeah. I've only gotten to know Mike a little bit better recently and not a lot of people would know this. I don't know if he would describe us as a competitor when we were coming up, but I certainly think about them. I think they're an amazing firm. And Mike recently retired.

Yeah. I've only gotten to know Mike a little bit better recently and not a lot of people would know this. I don't know if he would describe us as a competitor when we were coming up, but I certainly think about them. I think they're an amazing firm. And Mike recently retired.

When I was going through all the San Francisco stuff, when politicians were holding my face on a picket, Mike emailed me and I was like, can I help you a little? Any help? What you got? And he recommended that I write an op-ed. And he's like, I know you don't want to do anything publicly. I know you wouldn't like this, but I think it's the right thing to do.

When I was going through all the San Francisco stuff, when politicians were holding my face on a picket, Mike emailed me and I was like, can I help you a little? Any help? What you got? And he recommended that I write an op-ed. And he's like, I know you don't want to do anything publicly. I know you wouldn't like this, but I think it's the right thing to do.

You should be transparent and direct with what you're doing. And I was like, sure, I'll try doing it. He helped me and he was on the phone with me helping me. Outside of this conversation, it would have gone unsaid. What a remarkable thing to do for a young kid that he doesn't need to help in any way whatsoever. He's a really amazing human being.

You should be transparent and direct with what you're doing. And I was like, sure, I'll try doing it. He helped me and he was on the phone with me helping me. Outside of this conversation, it would have gone unsaid. What a remarkable thing to do for a young kid that he doesn't need to help in any way whatsoever. He's a really amazing human being.

I think the thing, if you were with us at Green Oaks and you just sat with Benny and I for like a day, I think the thing you'd probably be most surprised about is how much we care about beauty. Like we love spending time on a P&L, but the reason we like this so much is we like beautiful businesses. We love beautiful relationships. We care about beauty in the world.

I think the thing, if you were with us at Green Oaks and you just sat with Benny and I for like a day, I think the thing you'd probably be most surprised about is how much we care about beauty. Like we love spending time on a P&L, but the reason we like this so much is we like beautiful businesses. We love beautiful relationships. We care about beauty in the world.

We want to make the world a little bit better tomorrow than it is today. And we think Reno's could be driving enormous impact doing that. That's why we invest in the companies we invest in. That's why we don't care about finding a software company in Minnesota and buying it three times revenue and flipping it five times. Don't care about that at all.

We want to make the world a little bit better tomorrow than it is today. And we think Reno's could be driving enormous impact doing that. That's why we invest in the companies we invest in. That's why we don't care about finding a software company in Minnesota and buying it three times revenue and flipping it five times. Don't care about that at all.

It's probably a better business than the one we're in. We're okay leaving that on the cutting room floor. I manifest in a bunch of different ways. I'm born and raised in San Francisco. So I dedicated a reasonable amount of money to trying to fix just my street in San Francisco. How effective is that? Oh, gosh. It's not a story I expected to have come out or ever talk about, frankly.

It's probably a better business than the one we're in. We're okay leaving that on the cutting room floor. I manifest in a bunch of different ways. I'm born and raised in San Francisco. So I dedicated a reasonable amount of money to trying to fix just my street in San Francisco. How effective is that? Oh, gosh. It's not a story I expected to have come out or ever talk about, frankly.

I mean, maybe you and I talked about off the cuff. We did. But I was just quietly doing it. And I did it as a nonprofit because it's a terrible financial investment. I mean, just to walk through the financial math. I'm buying buildings in one street called Fillmore Street. It's in Pacific Heights, a street I grew up on.

I mean, maybe you and I talked about off the cuff. We did. But I was just quietly doing it. And I did it as a nonprofit because it's a terrible financial investment. I mean, just to walk through the financial math. I'm buying buildings in one street called Fillmore Street. It's in Pacific Heights, a street I grew up on.

And I'm buying stuff at like a five and a quarter cap, which treasuries were five and a quarter when I was buying this stuff. And I'm buying like illiquid, small, rundown commercial real estate that usually has no tenant or the tenant's leaving, which is why the person's selling me the building. And then I'm putting in like a mom and pop restaurant at a three cap, which barely pays its rent.

And I'm buying stuff at like a five and a quarter cap, which treasuries were five and a quarter when I was buying this stuff. And I'm buying like illiquid, small, rundown commercial real estate that usually has no tenant or the tenant's leaving, which is why the person's selling me the building. And then I'm putting in like a mom and pop restaurant at a three cap, which barely pays its rent.