Ted Pick (Ted Pig in transcript) - Morgan Stanley Chairman and CEO
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139 appearances
1 recordings
1 series
first heard Jan 2026
last heard 21 Jan
Ted Pick (Ted Pig in transcript) - Morgan Stanley Chairman and CEO’s voice in public audio — every appearance, attributed to the second.
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And for our wealth manager, leading wealth manager in the U.S.
and the world, you want to allocate your capital efficiently.
So very exciting.
Well, these companies, you bank them for a whole bunch of years and you get to know them.
So there's a process, obviously, the formal bake-off process and then the go or no-go decision.
But typically, the company has a pretty good idea of what it wants to do ahead of time because it's selected its group.
And the stakes are really high this round because, as you say, the implied market caps these companies are –
but also they are paradoxically, they are very large, but also mega growers.
They have, you know, some of them have a little bit of a change the world feel to them.
So they could become must own.
I mean, one of the things that you guys have talked a lot about is so much of the equity base has become either beta or it's become kind of the seven or eight names, or what if there's some additional companies that have three, four or $500 billion market caps, trillion, trillion and a half dollar market cap.
The active management community says, I want to own that.
I want to own that from the time of the IPO.
So I think it's not just Wall Street getting to know these companies.
It's a whole bunch of investors who have either backed into early rounds or want to be there when the IPO comes.
Well, I think part of the reason these companies are so interesting to investors is they are not rushed to go public.
So there has to be an element of being patient if you're in and around the ecosystem.
They don't have to come in the first half of 26.
They can come in the second half of 26.
They can even come in 27.
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