Cover image of The Wall Street Lab
(34)
Business
Careers
Investing

The Wall Street Lab

Updated 5 days ago

Business
Careers
Investing
Read more

The Wall Street Lab is a podcast that explores the world of finance from an insider perspective. The hosts, Lukasz Musialski and Leo Severino, interview top financial professionals in the fields of private equity, hedge funds, investment banking, mergers and acquisitions, asset management, venture capital, management consulting, trading and many more. The themes range from investment related topics, financial markets and news, career development in finance, favorite books, personal habits, just to name a few.

Read more

The Wall Street Lab is a podcast that explores the world of finance from an insider perspective. The hosts, Lukasz Musialski and Leo Severino, interview top financial professionals in the fields of private equity, hedge funds, investment banking, mergers and acquisitions, asset management, venture capital, management consulting, trading and many more. The themes range from investment related topics, financial markets and news, career development in finance, favorite books, personal habits, just to name a few.

iTunes Ratings

34 Ratings
Average Ratings
32
1
1
0
0

New Listener

By DanielMulderink - Jan 24 2020
Read more
Recently found the podcast. It’s a gem!

1 ep in, great

By NCR Veteran Ranger - Oct 31 2017
Read more
Only listened to the CFA (how to pass podcast), but great show!

iTunes Ratings

34 Ratings
Average Ratings
32
1
1
0
0

New Listener

By DanielMulderink - Jan 24 2020
Read more
Recently found the podcast. It’s a gem!

1 ep in, great

By NCR Veteran Ranger - Oct 31 2017
Read more
Only listened to the CFA (how to pass podcast), but great show!
Cover image of The Wall Street Lab

The Wall Street Lab

Latest release on Feb 09, 2020

The Best Episodes Ranked Using User Listens

Updated by OwlTail 5 days ago

Rank #1: #19 Jane Coffey - Financial Careers, Asset Management and Behavioral Finance

Podcast cover
Read more
Jane Coffey is an experienced financial professional and an executive coach. She has extensive experience in asset management having been the head of equities and executive director as well as an investment professional across various well respected institutions. She is also heavily involved with the CFA institute in the UK. In our conversation with Jane we discussed various aspects of financial careers, asset management and behavioural finance. Here are a few topics we have discussed: How to get into investment banking / asset management How ESG affects the investment environment How to find a finance career that will fit you Investment banking vs asset management How to get early financial experience How to build out a network in the financial world How to make the next step in your financial career properly What differentiates a good fund manager from a great fund manager? Which education is right for you in the asset management space How has the asset management industry changed over the last 30 years As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at  Luke & Leo

Apr 12 2018

53mins

Play

Rank #2: #29 Dan Rasmussen - Disrupting Private Equity

Podcast cover
Read more
Dan Rasmussen is the Founder and Portfolio Manager at Verdad, a hedge fund that attempts to replicate privately-equity like returns through investments in publicly listed highly leveraged micro-caps. Before starting Verdad, Dan worked at Bain Capital and Bridgewater Associates. Dan graduated from Harvard summa cum laude and Phi Beta Kappa and received an MBA from the Stanford Graduate School of Business. He is the New York Times bestselling author of American Uprising: The Untold Story of America’s Largest Slave Revolt. In 2017, he was named to the Forbes 30 under 30 list. In the episode we talked about: Replicating private equity with public equities Average private equity deal structures now and then Leverage buyout transaction structures in US and Asia Controlling for risk and bankruptcy probability United States vs Japan market for equities Doing research in quantitive investing Difference of running big and small funds The relationship between interest rates and equities Why is Dan bearish on VC Properties of small cap companies Private equity in emerging markets Do MBAs make better CEOs? As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes!   Find out more at    Luke, Leo & Andy

May 03 2019

45mins

Play

Rank #3: #31 Joseph Lau – How to Become a Financial Modelling World Champion

Podcast cover
Read more
This week’s episode is a treat to all of the excel geeks out there. We are delighted to share the conversation we had with Joseph Lau, the only 2-time Financial Modelling World Champion at the ModelOff competition. We cover many interesting topics, ranging from his experience competing at the ModelOff competition, common mistakes people make in financial modelling, and tips on how to excel (pun intended) at financial modelling. Besides being a World Champion in his spare time, Joseph is a Director of Project Finance at the Commonwealth Bank of Australia. He is also a Co-founder of Spreadsheet Advantage, which is an Excel add-in designed to help excel users and developers increase their productivity. Joseph has a bachelor’s degree in Computer Science and Mathematics, a master’s degree in Applied Finance and a PhD in Pure Math.   The topics discussed include: 03:00 – Joseph’s background 04:50 – Requirements for excelling at financial modelling 05:30 –How Joseph got involved in the ModelOff competition 06:15 – How does the ModelOff competition work 10:30 – Joseph’s preparation to compete 12:00 – Joseph’s experience competing at the ModelOff finals 13:00 – How has become a financial modelling world champion changed Joseph’s career 15:15 – Joseph’s tips on how to excel at financial modelling 17:50 – Areas in finance that requires strong financial modelling knowledge 19:00 – How to correct modelling errors 20:00 – The future of financial modelling 21:30 – How Joseph goes about training people in financial modelling 22:45 – Common mistakes in modelling 25:00 – Why Joseph retired from competing 27:15 – Why was Joseph nicknamed Fine Wine As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at https://www.thewallstreetlab.com/ Luke, Leo & Andy

May 30 2019

29mins

Play

Rank #4: #27 Joern Czech - Alternative Investments, Investment Banking and Entrepreneurship in Finance

Podcast cover
Read more
Joern Czech is the Co-Founder and Manager of IANUA Market Limited, an Alternative Investment platform and intelligence hub, founded in 2018. They simplify Alternative Investing for professional investors, co-invest with them into curated investment opportunities. Joern’s career started in Trading for a local German bank before he moved into Institutional Sales for Deutsche Bank and Goldman Sachs. Just before founding IANUA, Joern was a partner and Head of Business Development and Investor Relations at a London-based Hedge Fund called SCIO Capital LLP. In this episode we talk about the financial crisis and the credit crunch, we provide insights into the Alternative Investment market, especially the latest developments of the hunt for yield and increase complexity. Joern is telling us about the difference of Entrepreneurship in finance vs. Investment Banking, he is sharing great career advice and tips on how to strengthen yourself against stress, how to be mindful and the benefits of meditation.   0:00 -  4:25 Intro 4:25 - 12:10 Learnings over a long career, the credit crunch experience 12:10 - 22:08 Intro into Alternative Investments and the market, Ianua as a company and the business model behind it and how technology helps to scale the startup in finance 22:08 - 26:52 Being an entrepreneur in the financial industry, career and networking advice 26:52 - 34:57 Deep dive into Alternative Investments: lower yields and increased complexity, risks and threats of the markets, especially politics 34:57 - end Some last advice, tips on how to deal with stress through mindfulness   More information at

Mar 28 2019

40mins

Play

Rank #5: #38 Andreas Lukic - Angel Investing and Venture Capital

Podcast cover
Read more
Andreas Lukic is the Managing Partner of ValueNet Capital Partners, a Private Equity Firm based in Frankfurt. He is also the honorary Chairman of the Business Angels FrankfurtRheinmain e.V., one of the biggest Angel Investor networks of Europe where he engages to grow the Frankfurt Angel and Venture Capital ecosystem. Andreas has worked in Private Equity, Venture Capital and has been an Angel Investor himself for many years. We spend a lot of time talking about the difference in Angel Investing, Venture Capital, and Private Equity. We also talk about how the investment process changes in all of the areas and what to watch out for when investing in startups. Other topics we get into are the differences and success factors of a good ecosystem for startups with some examples from Singapore and Frankfurt.

Oct 03 2019

58mins

Play

Rank #6: #02 Oliver Schebela, CFA – Private Equity Fund Investing

Podcast cover
Read more
Oliver Schebela, CFA is the Head of Private Equity Solutions of Bethmann Bank, a traditional German private bank, wholly owned by ABN AMRO. Prior to this, he spent 7 years at FERI Trust, where he started as a Private Equity Manager and worked his way up to Head of Private Equity. In his earlier days (he is still very young), he worked at Credit Suisse and at Commerzbank. For the full show notes and to subscribe go to:   This is a special episode for us. Not necessarily for the great conversation we had with Oliver, but for what it means to this journey Luke and I have embarked on. Back in the day when starting The Wall Street Lab was just an idea, we used to grab coffee and talk about who could potentially be guests on the podcast. Oliver was really the first person we thought about! So having the opportunity to actually interview him serves as validation that our idea was really worth pursuing. As you will notice from the interview, Oliver is a very down to earth, extremely competent and experienced private equity fund manager. During our conversation, we touch on topics such as the difference between direct and fund of fund private equity investing, the pros and cons of working for large companies versus smaller boutiques, his experience studying for the CFA exams, things he looks at when interviewing candidates to work for him, to name a few. We really hope you enjoy this conversation with Oliver. If you do, make sure rate us on iTunes and follow us on the various social media platforms.   Please see the show notes below: The difference between private and public equity [03:30] The difference between direct and indirect private equity investments [04:50] How Oliver started in finance [07:00] The importance of combining theory and practice when starting your career in finance [08:00] The early days of private equity in Germany [10:00] The pros and cons of working for a large company when compared to boutiques [12:30] Different ways to get into private equity [14:30] How Oliver selects private equity fund managers [16:30] How he is able to read through fund marketing pitches and extract important information from private equity managers [20:00] The differences between investing for institutional clients versus investing for high net worth individuals [22:00] Oliver’s view on the illiquidity premium received by private equity funds [27:00] Oliver’s opinion on the best way to get a head start in private equity [31:15] What Oliver looks at when interviewing people to work for him [35:30] Oliver’s experience studying for the CFA exams and receiving his charter [40:10] His opinion on the importance of having a CFA charter in asset management [42:05] Oliver’s suggestion on how to prepare for the CFA exams [44:00] What daily activity would he outsource, if he had the chance to [46:50] Who are Oliver’s role models [48:10] Oliver’s view on the importance of having a mentor [49:30] Oliver’s favorite book [50:55] For more information and to subscribe to our newsletter please visit: www.thewallstreetlab.com

Dec 15 2016

55mins

Play

Rank #7: #03 Marcus Storr - Hedge Fund Investing

Podcast cover
Read more
Marcus Storr is the Head of Hedge Funds at FERI Trust, a German asset management company and one of the largest investors in Alternative Assets in Germany. Marcus has held various positions in the investment industry over the years, including being a Vice-President for Global Equities at Robert Flemings in London, which is now part of JP Morgan, and a Director of Global Equities at Dresdner Kleinwort Wasserstein. For the full show notes and to subscribe go to:  Let me tell you: you are in for a real treat! As you will notice very quickly, not only did Marcus provide us with great insights about the hedge fund industry, but he is also very entertaining and humorous. During our interview, we touch on a range of topics including different hedge fund strategies, the current state of the hedge fund industry, how to improve your chances of getting hired by a hedge fund manager, and many other very interesting topics. And now, to the show notes: 01:42 – Start of the Interview 02:05 – What does a Hedge Fund Manager do? 04:03 – How did Marcus get into Investment Banking? 08:37 – Working at a Scottish investment bank 09:05 – How does working in London compare to working in Germany? 11:40 – How does Marcus’ previous Investment banking experience compare to investing into Hedge Funds 13:00 – On moving from London to Frankfurt 14:30 – Investment Banking and “The Work-Life Balance” 17:50 – Best practices for starting out in Investment Banking 20:50 – His thoughts on the CFA Program 21:35 – Hedge Fund Job Interview 24:00 – The Perfect Cover Letter 25:40 – Intensity of working in finance 27:15 – Good body is good for the health 28:40 – Typical day as the Head of Hedge Funds 31:00 – Conversation on the hedge fund performance 33:55 – Fund of funds, direct investing and custom portfolios 36:20 – Great Manager or a great investment strategy? Which is better? 38:20 – How the due diligence process in hedge funds investing looks like? 41:10 – What is the craziest hedge fund strategy Marcus has ever seen? 42:50 – Hedge funds as an exit route for investment banking professionals? 46:30 – Personal routines and questions   We are really interested in your opinion, so if you have any thoughts on how we can make the podcast more valuable to you, e-mail us at Stay tuned for our next episode, which will come out in two weeks, on January 12th! Also, make sure to sign up to our newsletter. We promise not to spam you! Find out more at

Dec 29 2016

55mins

Play

Rank #8: #35 Gerard Tong - The unromantic truth about becoming a trader

Podcast cover
Read more
If you always wanted to have a real and unromantic view on what it takes to be a trader, this is the episode for you. Gerard is Principle at Epitrain, a financial markets, business, and project management training company. He also teaches Trading courses at the National University of Singapore, one of Asia’s most prestigious universities and Singapore Management University. Gerard has been in the realms of trading since 1992, the very early days of trading in Singapore. In the past 25 years, from open outcry to electronic trading, he has seen it all.  With his company he is working closely with universities, large banks, hedge funds, and financial institutions to train their people, help them make the right hires and much more.   Gerard, in his straight and unapologetic manner gave us very interesting insights into financial markets and trading more specifically. He also gave us the harsh truth about being in trading and what it takes to get into trading. We talk about his own experiences, stories from the markets, what he learned about skill and mindset throughout the years and what it really takes to succeed in financial markets.   Please keep in mind this is not investment advice. Full disclaimer at the end of the podcast.   You can find out more about Gerard at http://www.epitrain.com or add Gerard on LinkedIn.   He also recommends the book “The old man and the sea” and believes there are two interpretations of the book. And only with one you’ll be successful in Trading. Do reach out to us or him to let us know your interpretation.   1:40 What is Gerard’s background? 5:05 How do you make sure to win more often than you loose? 9:25 What do you do when the premises of your trade are broken? 11:45 what is the difference between trading and investing? And what is the difference between technical and fundamental analysis? 14:35: What makes people trade? 15:10 The unromantic part about trading! 20:10 What skills do you need as a trader? 26:10 How do you test and learn those skills? 31:05 How important is a university degree for trading? A hedge fund hiring example 36:25 What skills are important in an algorithmic trading world? 38:05 Do you have tips for people that want to get into algorithmic trading? 39:50 Algorithmic trading 42:30 last words and Challenge   As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Luke, Leo & Andy

Aug 02 2019

45mins

Play

Rank #9: #16 Carl Richards - Wealth Management Behavioral Finance and Simplifying Financial Concepts

Podcast cover
Read more
Carl Richards has a financial wealth management background and has been working for some of the largest financial institutions out there in various advisory roles. He is best known for being a creator of the Sketch Guy column, appearing weekly in the New York Times since 2010. Carl has also featured on Marketplace Money, Oprah.com and Forbes.com. In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world.Through his simple sketches, Carl makes complex financial concepts easy to understand. His sketches also serve as the foundation for his two books, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money and The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money.   In our conversation with Carl we discussed various aspects of behavioural finance and wealth management. Here are a few topics we have discussed:   What problems are plaguing the wealth management industry How carl advised clients in wealth management How to explain difficult finance concepts in a simple way Mutual funds vs individual investing Behavioural finance and how people typically react to various market situations Why are people so bad at picking their investments The raise of Robo-advisors and how they disrupt the financial advisors market. What would Carl advise to people looking to get into the wealth management field     As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes!   Find out more at Luke & Leo

Mar 01 2018

50mins

Play

Rank #10: #33 David Salem - A Deep Dive into Capital Allocation

Podcast cover
Read more
#33 David Salem - A Deep Dive into Capital Allocation   This interview is a true master class for anyone interested in capital allocation and manager selection. We had the great pleasure to speak to David Salem, the Co-Chairman of New Providence Asset Management, a firm that provides investment office solutions for endowments, foundations and family offices. David is also a contributor to Epsilon Theory, an online community in which he writes extremely thoughtful articles about investment management and combines it with his passion for the game of baseball.   Before assuming his current post, David served as a Managing Partner at Windhorse Capital Management, which merged with New Providence in 2018. For almost two decades before that, David served as the Founding President and CIO for the Investment Fund for Foundations (TIFF), a non-profit investment cooperative that managed over $8bn on behalf of more than 700 endowed charities by the time he left. We discuss many different topics during our conversation, which includes the Yale Model, which then became known as the Endowment Model and why David thinks it may be dangerous for institutions to try to replicate it. We also discuss David’s framework for selecting money managers, what his due diligence process looks like and what he focuses on when meeting a money manager for the very first time.   The topics discussed include: 02:00 – David’s background 06:00 – David’s opinion what it takes to become a great investor 10:00 – The Endowment Model and why David thinks it may be dangerous for institutions to try to replicate it 16:00 – How does David thinks about diversification, as well as his thoughts on how to design an investment program 24:00 – David’s thoughts on how one should account for human biases in the measurement of risk tolerance 33:00 – David’s thoughts on Private Equity and crypto currencies 39:00 – David’s personal process on how to select investment managers 43:00 – Characteristics David looks for (and seeks to avoid) in vetting money managers 49:00 – How does David prepare for a first meeting with a money manager, and what he spends the first meeting on 55:00 – What David thinks about the use of Investment Committee in making investment decisions 59:00 – How does David decide on how when to part ways with managers he has invested in 62:00 – David’s thoughts on mentorship   Please keep in mind this is not investment advice. Full disclaimer at the end of the podcast.    As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes!   Luke, Leo & Andy

Jul 05 2019

1hr 8mins

Play

Rank #11: #04 Brian Tomlinson, CMT - Fixed Income Investing with a Global Portfolio Manager

Podcast cover
Read more
Brian Tomlinson, CMT is currently a Global Fixed Income Portfolio Manager at Allianz Global Investors. Prior to joining AllianzGI, he spent 7 years at Pimco as a Portfolio Manager. He also worked at other companies well known to most of us, such as Merrill Lynch, Citi Bank, Dresdner Bank and IBM. for the full shownotes and more go: to:   If you are one of those who think fixed income is boing, I can almost guarantee you that you will change your mind after listening to our conversation with Brian. Not only is he extremely good at what he does – and you will hear that when he walks us through the thought process that lead him to position his portfolio to take advantage of both a possible Brexit vote and the Trump election – but he is also very good at making seemingly difficult concepts, such as the effect of negative interest rates in society, very accessible to everyone. “If you really want to make money, it is not the money that drives you, it is winning and the desire to be right” Brian Tomlinson" The Information contained in this episode is as of November 2016.  Now, to the show notes: The importance of having an elevator speech [02:00] How Brian’s grandfather influenced his decision to get into finance [03:20] Brian’s early interest in currencies, interest rates and hedge funds [06:00] Brian’s initial disappointment about what is taught at universities [06:35] Brian’s view of the global financial markets [07:25] How he deals with fear and pain in trading [08:20] Trading in, out and around currency positions [11:50] The importance of understanding correlations for traders and portfolio managers [13:00] How does Brian deal with volatility in his portfolio [14:10] What Brian looks at to gauge where future volatility is likely to go [16:00] The importance of being a self-learner and having a mentor [18:30] How to size trades in which you have a low conviction [22:10] How he taught his son Texas Hold’em Poker when he was 6-years old as a way to learn probability [23:17] How Brian positioned his portfolio to profit from a possible Brexit vote [25:00] His experience on the day Trump was elected [28:45] Brian’s advice for university students [31:00] Brian’s view of Quantitative Easing and negative interest rates [33:15] Brian’s view on the current US economic cycle [37:10] Qualities he looks for when hiring people to work for him [40:40] Brian’s thoughts on mentorship [43:00] What makes fixed income exciting, even in a low interest rate environment [44:15] His view on the CFA and other financial designations [48:30] Brian’s career advice to young professionals [49:30] Brian’s book recommendations [53:00]  If you have any thoughts on how we can make the podcast more valuable to you, e-mail us at  Make sure to sign up to our newsletter. We promise not to spam you! Find out more at

Jan 12 2017

1hr 1min

Play

Rank #12: #21 Olaf Danckwerts - Ship Finance and the Shipping Industry

Podcast cover
Read more
Olaf Danckwerts has spent many years working on ship finance deals for some of the biggest banks and financial institutions in the shipping finance and restructuring fields. In our conversation we cover the topic such as: introduction the ship finance field, what characteristics does ship finance as an asset class have and how deals typically look like in that space... Oh and also pirates.  Topics we cover in the interview: Introduction to ship finance and the shipping industry How does ship finance compare to real estate and other asset classes Who are the major players involved in ship financing How does a deal process typically look like in ship financing Regulations in the shipping industry How does the industry deal with issues like isuch as piracy As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at  Luke, Leo & Andy

May 10 2018

41mins

Play

Rank #13: #24 Kerstin Eichmann & Moritz Jungmann - Corporate Venture Capital, Machine Economy and the Future of Energy

Podcast cover
Read more
Kerstin Eichmann and Moritz Jungmann are a part of the Innogy Innovation Hub which is the corporate venture capital arm of Innogy.
The Innogy Innovation Hub and Innogy Ventures are funded by Innogy SE, a leading German energy company with revenue of around €43 billion (2017), more than 42,000 employees and activities in 16 countries across Europe. Innogy Innovation Hub, is looking to drive game-changing ideas that can revolutionise an existing business model or industry permanently. The key focus areas of IIH include: ‘Machine Economy’, ‘Smart & Connected’, ‘Disruptive Digital’ and ‘Cyber Ventures’.  In our conversation, we talked about the difference between corporate venture capital and regular VC funds, the emerging machine economy and what it means for business, as well as how startups are integrated into the activities of the sponsor company behind the CVC. More of the topics we cover in the interview are: How does corporate venture capital differ from typical venture capital How does your activity with start-ups tie into the activity of Innogy as a whole Machine economy and how will it change business as we know it Why should start-up chose a CVC over a regular VC investment Areas of Focus: ‘Machine Economy’, ‘Smart & Connected’, ‘Disruptive Digital’ and ‘Cyber Ventures’ How to start a career in corporate venture capital and what skills to acquire As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at  Luke, Leo & Andy

Jun 21 2018

39mins

Play

Rank #14: #28 Otavio Costa - Global Macro Hedge Fund Research, Economic Indicators and Business Cycle

Podcast cover
Read more
Otavio Costa has been an analyst on Crescat’s investment team for more than five years with a focus on global cross-asset research. “Tavi” built Crescat’s macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured multiple times in financial publications such as Bloomberg, The Wall Street Journal. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in finance and a minor in Spanish. The topics discussed include: What it is like to be a global macro analyst What Otavio pays attention to when building macro models What economic indicators Otavio uses The current state of the business cycle Otavio’s view on the US equities market China, Brazil and precious metals What steps Otavio took early in his career to learn his trade Recommendations on how to stay sharp and informed   As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on Apple Podcasts!   Find out more at    Luke, Leo & Andy

Apr 18 2019

1hr 2mins

Play

Rank #15: #37 Mark Yusko – (Part 2) CEO and CIO of Morgan Creek Capital Management

Podcast cover
Read more
PART 2 - Mark Yusko is the Founder, CEO and Chief Investment Officer at Morgan Creek Capital Management, a company that provides investment management services to institutions and wealthy families. Prior to forming Morgan Creek, Mark was the President, Chief Investment Officer and Founder of UNC Management Company, the endowment investment office for the University of North Carolina at Chapel Hill. Prior to that, Mark was the Senior Investment Officer for the University of Notre Dame Investment office, where he joined as an Assistant Investment Officer in October of 2003. We spend a lot of time talking about asset allocation, manager selection, and portfolio construction, which are topics Mark is a true expert in. We also spend time discussing what Mark thinks makes a great investor, why he spends so much of his time putting his ideas into paper and sharing it with the world, and why he thinks institutions should include cryptocurrencies in their diversified portfolio. This interview was broken down into two parts. The first leg of the interview was published two weeks ago. This is the second part of our two-part interview, so check out the first part of the interview, which was released 2 weeks ago. As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on Apple Podcasts or wherever fine podcasts are published!! Please keep in mind this is not investment advice. Full disclaimer at the end of the podcast.  Luke, Leo & Andy

Sep 19 2019

54mins

Play

Rank #16: #17 Ralf Heim - Fintechs, Robo-advice, AI & Entrepreneurship

Podcast cover
Read more
Ralf Heim is the Co-founder and Co-CEO of Fincite, a digital wealth management fintech and one of the fastest growing startups in Germany currently employing over 60 people. He has a developer background. He has worked for two startups. He started developing database mostly for logistics companies as a freelancer beginning with 16. He very early joined a business intelligence startup and quickly rose in ranks to head the business development and joining the extended management board. After the company called Cundus, was sold, he and his two co-founders started Fincite and managed to develop it into one of the fastest growing startups in Germany. Fincite currently works with large corporates and banks across Germany, Netherlands, Switzerland and Belgium. In our conversation with Ralf we discussed various aspects of fintechs, roboadvisors and entrepreneurship. Here are a few topics we have discussed: How is it to work on projects and implement solutions for large banks and financial institutions How does the process of implementation of financial systems for clients look like Artificial intelligence in finance and how it ties into delivering new financial solutions What do robo-advisors actually do and how are they disrupting the traditional players How do the large banks work with fintechs and what do they do to innovate How the experience of working with central banks is different from working with private banks How does the current fintech environment look like and are we in a fintech bubble The Fincite venture arm and how to create new ventures in the fintech space As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at  Luke & Leo

Mar 15 2018

50mins

Play

Rank #17: #36 Mark Yusko – CEO and CIO of Morgan Creek Capital Management (Part 1)

Podcast cover
Read more
Mark Yusko is the Founder, CEO and Chief Investment Officer at Morgan Creek Capital Management, a company that provides investment management services to institutions and wealthy families. Prior to forming Morgan Creek, Mark was the President, Chief Investment Officer and Founder of UNC Management Company, the endowment investment office for the University of North Carolina at Chapel Hill. Prior to that, Mark was the Senior Investment Officer for the university of Notre Dame Investment office, where he joined as an Assistant Investment Officer in October of 2003. We spend a lot of time talking about asset allocation, manager selection and portfolio construction, which are topics Mark is a true expert in. We also spend time discussing what Mark thinks makes a great investor, why he spends so much of his time putting his ideas into paper and sharing it with the world, and why he thinks institutions should include cryptocurrencies in their diversified portfolio. This interview was broken down into two parts, so stay tuned for the second leg of the interview, which will be published in 2 weeks. 02:00 – Mark’s Background and his series of “happy accidents” 08:30 – Science Training and why he thinks it is a good background to have for investment professionals 12:00 – Lessons learned from Notre Dame and North Carolina 18:30 – Mark’s view on the endowment model 24:30 – Access vs. Capacity in Venture Capital 29:00 – How much GP Commitment is too much? 33:00 – How Mark assesses new investment managers This is the first part of our two-part interview. If you like the conversation, check out the second part of the interview, which will be released in 2 weeks (or if you are reading this in the future, you can just go to the very next episode and you will be able to listen to our next conversation). As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on Apple podcasts or wherever fine podcasts are published!! Please keep in mind this is not investment advice. Full disclaimer at the end of the podcast.  Luke, Leo & Andy

Sep 05 2019

41mins

Play

Rank #18: #25 Michael John Lytle - ETF Business, Fixed Income, CDS and the Financial Crisis

Podcast cover
Read more
Michael John (‘MJ’) Lytle is the CEO of Tabula Investment Management, a provider of fixed income ETFs. Tabula aims to bring investors precise credit exposure. He also was a founding partner of Source, a ETF Provider, which as of 2017 is part of Invesco. He also was a founding partner of Source, a ETF Provider, which as of 2017 is part of Invesco. At Source we was the Chief Development Officer, with specific responsibility for marketing and broader involvement in product creation and design. MJ was also part of Morgan Stanley and BlackRock.    We talk about a vide variety of topics, including the startup industry, the ETF business, in particular the Fixed Income and Credit ETF business. We deep dive into CDS and the financial crisis and last MJ leaves us with some final tips.    TWSL MJ Lytle Intro & Application tips 0 - 12:10   12:10 - 19:53  Startups, VC, Europe vs. Silicon Valley   19:53 - 27:36 Going deep into ETFs and the ETF Business - the buyers perspective   27:36 - 40:19 Building an ETF startup - the sellers perspective, Credit/ Fixed Income ETFs, The Europe Fixed Income Market and deep dive into bonds   40:19 - 52:35  Deep dive into credit markets and CDS; excourse to the financial crisis and what is different today   52:35 - end About making mistakes, books and final tips

Feb 28 2019

59mins

Play

Rank #19: #05 Richard Lucas - Angel Investing

Podcast cover
Read more
Richard Lucas is an angel investor who is currently involved with close to 20 different companies across a variety of industries. He has made many investments into world-class startups over the years, including deals with startups backed by the likes of Y Combinator. For example, Richard was an early investor in the company Estimote, which won the 2013 Tech Crunch disrupt in the Hardware category. Part of the reason why Richard is such a fascinating person to talk to, is that he is involved in a variety of projects outside of his main work. He is the founder of Cambentrepreneurs, an alumni network for the graduates of Cambridge University and others focusing on entrepreneurship. He is also the license holder of Tedx Kazimierz, which is an independently organized Ted event in Krakow, Poland. Show notes and links:  Our interview with Richard is jam-packed with really great and practical insights into the mind of someone who, in his own words, thinks about the world in terms of problems and solutions. We touch on some of the red flags he looks for before deciding to invest in a business and the importance of building a company with an exit plan in mind: “If you don’t build a company with an exit in mind, then you don’t really prepare for it.” Richard Lucas We also discuss the reasons why he has deliberately decided not to exited any of his business, despite having received offers to sell them: “I’ve never done an exit and that is not because I have never been offered money for my businesses, but it never seemed sensible to take money at 3x or 4x earnings, because 3 or 4 years later you have got the same amount of money if the company doesn’t fail, and you still own it.” Richard Lucas We also talk about his early experience as an entrepreneur and the lessons he learned, which he openly shares with us. You - yes, you - are lucky for living in an era of information abundance. Don’t take our word for it: “The great advantage for listeners now is: you can be 19 and or even 10 and listen to this and think: oh, I won’t make the same mistake as Richard Lucas. I am really jealous of you guys for being able to compress all that knowledge”. Richard Lucas And this is just the tip of the iceberg! As always, make sure you share the podcast with anyone you think might benefit from the information. And, if you want to be really cool, please leave us a 5-Star review on iTunes. The next episode will come out on February 9th, in which we share a great conversation with Dr. Nelson Lacey, the director of exams for the CAIA (Chartered Alternative Investments Analyst) Association. Stay tuned! For more information and to subscribe  visit us at:    Time Stamps: 02:15 –Richard explains what is it that he does for a living 09:20 –On holding onto the companies in the long run and not liquidating angel investments 11:10 – Richard’s first angel investment 14:40 – Acquisitions – deal structuring 15:50 – Opportunities created by Angel investing 17:05 – Difficulties of B2B businesses 20:35 – How Richard tacks the developments in the markets of his portfolio companies 22:35 – Media Richard Follows 24:50 – How Richard Screens investment ideas 27:35 – Typical process of Angel Investing and how to approach an angel investor? 33:20 –Is working for a start-up an easier life than a typical job? 38:30 – Importance of experience of working at Start-ups 41:20 – The way to agree on the pre-money valuation 43:00 – Richard’s favourite portfolio company 45:45 – Company culture and focus in a start up 47:00 – On financial success of a business 50:35 – Richard on giving advice to his younger self 57:07 – Other projects Richard is working on   Links: Richard’s Blog – Project Kazimierz Podcast – TEDxKazimierz – The Alumni Group for Entrepreneurship Support by/for  Cambridge University  Alumni – Krakow Enterprise Mondays – Open Coffee Krakow – Krakow Standup Comedy – Wojtek The Soldier Bear – The Alumni Group for Entrepreneurship Support by/for Winchester College Alumni – The Wojtek Narębski  TEDxKazimierz TEDx talk –  Questions from a potential investor – Richard’s Blog Post – Richard’s Linked in Profile – Argos Multilingual Blog –   Some of Richard’s Investments: SKK – Estimote – Argos Multilingual – Unicard . ISL –  Syndicate Room – Notatek.pl – Vantage Power – Untitled Kingdom – Love Krakow – Crowdcube –

Jan 26 2017

1hr 6mins

Play

Rank #20: #32 Iven Kurz – Passive Dynamic Investing

Podcast cover
Read more
We had the pleasure to chat with Iven Kurz, founder and CEO of Evergreen GmbH. Evergreen is a German retirement focused Robo advisor. Before founding his own company, Iven was a total return fund manager for two of the biggest German Private Banks. The total return investing style Iven uses is called Passive Dynamic Investing, which is based on the Black-Scholes Option Pricing Theory and he used for many years. We dive deep into the weeds of this investment form and see why it is being used for retirement saving. Please keep in mind this is not investment advice full disclaimer at the end of the podcast.   The topics discussed include: 03:00 - investment philosophies 04:30 - How Iven got into Total Return investing 07:00 - portfolio insurance investing and what is passive dynamic investing (PDI) 12:30 - deep dive into PDI and Option Pricing theory 17:30 - what is the goal of PDI 23:55 - how does risk work in PDI? 26:40 - PDI for retirement planning and risk 29:00 - risk budgets 32:00 - predicting returns for PDI Investing 35:25 - about long-short total return investing 37:30 - What Evergreen does 40:50 What Evergreen does differently 43:30 - costs and risk premium for robo-advisors 47:20 - PDI and black swan events 50:15 - closing questions   As always, make sure you share the podcast with anyone you think might benefit from the information. And don’t forget to leave us a 5-Star review on iTunes! Find out more at https://www.thewallstreetlab.com/ Luke, Leo & Andy

Jun 13 2019

54mins

Play