Richard Craib

speaker

238 appearances 1 recordings 1 series first heard Jul 2026 last heard 31 Jul

Richard Craib’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 Jul 2026 with 1.

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TBPN · Leopold is Back! Big Tech Earnings, Defense Tech Deep Dive | Richard Craib, Trae Stephens, Blake Resnick · 31 Jul 2026 podcast

There's no amount of looking back on a track record of a manager that's just buying risk will basically be able to overcome the reality of investing, which is that it's always going to be hard to make money.

So let me defend the situation more.

Not just that these funds are cool because I invested in one, but I think they're cool because...

Many investors want a high return on the risk that they're taking because they already have their portfolio entangled in all these investments.

So they have, you know, bonds and stocks and all this stuff.

And this marginal 500 million that they're going to give to a small fund, they want that fund to kind of kick in.

kick ass with that money and and so that's where i would say i don't think it's right to say uh leopold did something wrong in a certain sense it was very likely to go badly but i don't think it's intellectually wrong for any lp to have invested in that

In fact, maybe I would have invested in it or something if I could have understood it a bit more and so on.

But obviously, there are a lot of red flags and the fact that the volatility was obviously much higher than 100 percent.

You can't make 400 percent in six months without having that kind of volatility.

Then you're basically saying we're literally bankrupt.

doing a coin flip here.

And I just hope that all the investors knew that.

And by the way, if you're a huge investor and you put 500 million in and you lost it all,

On the very day you lost it all, you might still be up on your portfolio because your other stuff went up.

And so that's how investors should be managing it.

It's on their whole portfolio.

So I don't want to say anything bad about anyone who invested in that fund.

I'm sure they're some of the best, wealthiest investors out there.

So I'm sure they're buying it.

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