The Pomp Podcast
#514: Ted Seides on The LP Perspective
- Ted Seides' five-year education under David Swenson at Yale's endowment office, learning multi-asset-class investing and disciplined rebalancing strategies that became the blueprint for institutional investing globally.
- The Yale model's core principles: extreme discipline in asset allocation, comfort being different from consensus, and selecting exceptional managers across venture capital, private equity, and real estate.
- ESG, diversity and inclusion, and private equity as major institutional trends over the past 12 months, with crypto emerging as a serious new consideration for CIOs.
- Crypto's institutional adoption pathway: starting as a venture ecosystem investment (protocols, tokens, DeFi) and as a potential store-of-value hedge against monetary debasement, primarily through Bitcoin and Ethereum.
- Decision-making frameworks, negotiations, and risk management tools (like Gary Klein's premortem analysis) as teachable disciplines absent from traditional finance education.
- The podcast and book as vehicles for sharing actionable investment lessons and life principles distilled from 200+ interviews with elite institutional investors.