Reza Satchu

speaker

340 appearances 1 recordings 1 series first heard Sep 2026 last heard 4d ago

Reza Satchu’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.

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Motley Fool Hidden Gems Investing · Harvard's Judgment Professor: The Curse of Optionality, and the One Habit That Builds Better Judgment · 20 Sep 2026 podcast

So I think the way to look at it, Rachel, is to say, okay, I would ask the question, tell me what the three most consequential capital allocation decisions that you made that worked.

And the three that didn't work.

And, you know, I think through that lens, you would quickly understand, are they thinking about capital allocation from a short-term perspective or a long-term perspective, right?

Because if they're suddenly talking about a capital allocation decision that, you know, was measured in months rather than years, that tells you something.

But I also think that the learnings that they can convey from the ones that didn't work out are also critically important.

And I think the thing that you're hitting on, which I think is very important, is let them answer it in a way where they're evaluating the time horizon.

And so, you know, what I'd be looking for is what time horizon are they looking for to measure these decisions?

growth?

Yeah.

I mean, look, it's such a tension point.

And, you know, I'll give you an example of a business where... Okay, so we talked about the student housing business.

So the student housing business was one where...

where when we had that offer for a billion one and we sold it for a billion seven, we actually made about $300 million of acquisitions in that year, okay?

Which ultimately was well worth it because we generated an additional $400 million of equity value as a whole, okay?

But we needed to deploy capital quickly in that year

to get to that valuation.

So that's an example of where we made the right call and we decided to do it.

And there was a number of, you know, there were international students that were coming in.

There was still a spread between student housing cap rates and multifamily that we thought was going to compress.

There was a massive institutionalization of the student housing market with lots of pension funds, Brookfield, CPP, Tomasic coming in.

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