Rahul Moodgal - Master Fund Raiser (Capital Allocators, EP.87). Rahul Moodgal has spent 20 years as a fund raiser across long only strategies, hedge funds, fund of funds, customized solutions, start-ups, and non-profits. Collectively, Rahul has raised and helped raise $60 billion for firms since 2005. He started his career in the industry at powerhouse TT International, and later joined The Children’s Investment Fund (TCI) where he led the marketing effort that raised $20 billion in just 3½ years. Within TCI’s affiliate model, Rahul also was responsible for the largest India fund raise in history ($1 billion for TCI New Horizon Fund), and the largest sector fund launch in history ($1.1 billion for Algebris Investments). Our conversation covers capital raising lessons learned from teaching, the value of transparency, the gold rush before 2008, the lean times afterwards, modern fee structures, the three key points to effective marketing, the three traits that will kill you, the two biggest issues start-up funds face, the best questions asked by leading allocators, and some of the worst horror stories in attempted capital raising. We close comparing by fund raising for charities and investment firms. Learn More Discuss show and Read the Transcript Join Ted's mailing list at CapitalAllocatorsPodcast.com Join the Capital Allocators Forum Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast
Vanguard's Joe Davis Discusses Global Economics (Podcast). Bloomberg Opinion columnist Barry Ritholtz interviews Joseph H. Davis, global chief economist at The Vanguard Group. Davis is also head of Vanguard's investment strategy group and a member of the senior portfolio management team for Vanguard's fixed income group, which oversees more than $500 billion in assets under management. He earned his doctorate in macroeconomics and finance at Duke University.
Elizabeth Kolbert: We have locked in centuries of climate change. Elizabeth Kolbert covers climate change for the New Yorker. She's the Pulitzer prize-winning author of The Sixth Extinction. And she recently wrote a paragraph I can't stop thinking about. "The problem with global warming—and the reason it continues to resist illustration, even as the streets flood and the forests die and the mussels rot on the shores—is that experience is an inadequate guide to what’s going on. The climate operates on a time delay. When carbon dioxide is added to the atmosphere, it takes decades—in a technical sense, millennia—for the earth to equilibrate. This summer’s fish kill was a product of warming that had become inevitable twenty or thirty years ago, and the warming that’s being locked in today won’t be fully felt until today’s toddlers reach middle age. In effect, we are living in the climate of the past, but already we’ve determined the climate’s future."Kolbert lives, to an unusual degree, in the planet's future. She travels to the places around the world where the climate of tomorrow is visible today. She has watched glaciers melting, and seen species dying. And she is able to convey both the science and the cost with a rare lucidity. Talking with Kolbert left me with an unnerving thought. We look back on past eras in human history and judge them morally failed. We think of the Spanish Inquisition or the Mongol hordes and believe ourselves civilized, rational, moral in a way our ancestors weren't. But if the science is right, and we do unto our descendants what the data says we are doing to them, we will be judged monsters. And it will be all the worse because we knew what we were doing and we knew how to stop, but we decided it was easier to disbelieve the science or ignore the consequences. Kolbert and I talk about the consequences, but also about what would be necessary to stabilize the climate and back off the mass extinction event that is currently underway. We discuss geoengineering, political will, the environmental cost of meat, and what individuals can and can't do. We talk about Trump's cabinet, about whether technological innovation will save us, and if pricing carbon is enough. We talk about whether hope remains a realistic emotion when it comes to our environmental future.Books:-Edward Abbe’s “Desert Solitaire”-Rachel Carson’s “Silent Spring”-David G. Haskell’s “The Forest Unseen”-Bill McKibben’s “The End of Nature”
#877 - Jordan Peterson. Jordan Peterson is a clinical psychologist and tenured professor of psychology at the University of Toronto. https://www.youtube.com/user/JordanPetersonVideos http://www.selfauthoring.com/ 100% off the Future Authoring Program code: "ChangeYourself" - The offer is valid until the end of Nov 30th.