Podcast · 253 episodes
How I Invest with David Weisburd, page 3
by David Weisburd · English
How I Invest with David Weisburd is a podcast that interviews the world's leading institutional investors. Previous guests include The Ford Foundation, Northwestern University Endowment, CalPERS, Stepstone, and other top limited partners.
All episodes, page 3
E387: Where Alpha Hides in Private Equity | Josh AdamsOpenGate Capital partner Josh Adams explains how “alpha” is found in private equity through operational value creation in complex European corporate carve-outs, and why their sourcing strategy…10 Jun 2026 · 35 min · 24 chapters
E386: Adams Street ($70B): Venture Capital Has a New ProblemVenture capital’s “new problem” is that the next wave of breakout companies (the next Magnificent Seven) is already well known, but most value creation accrues to private shareholders, not public…9 Jun 2026 · 39 min · 17 chapters
E385: Why Public Markets Need SpaceX, OpenAI & AnthropicWhy major late-stage private companies (SpaceX, OpenAI, Anthropic) should be included in public-market indices and how their IPOs affect public growth demand, IPO supply, and investor allocation.8 Jun 2026 · 28 min · 15 chapters
E384: CEO of Commonfund on Venture Capital, Power Laws & the Future of IPOsMark (former CalPERS CIO; now CIO at Common Fund) explains how large LPs access top venture managers, why venture returns follow “power law” outcomes, and how Common Fund runs a rules-based, fast…5 Jun 2026 · 41 min · 18 chapters
E383:Why the Next Fortune 500 Companies Will Be Built on AIWhy “agentic” AI will power the next wave of Fortune 500 companies, mainly via B2B process automation, productivity gains, and proprietary data moats.4 Jun 2026 · 32 min · 17 chapters
E382: Why Venture Capital Has a $3 Trillion Liquidity ProblemVenture capital’s liquidity mismatch: $3T of capital (“DPI desert”) and fund/company life mismatch as companies stay private ~13–14 years vs typical 10–12-year fund lives.3 Jun 2026 · 34 min · 15 chapters
E381: A16Z Partner: The Tax Strategy Hidden Inside Real EstateA16Z Perennial partner explains why private real estate/real assets can be structurally uncorrelated with public markets and how real estate tax rules (especially depreciation) can make after-tax…2 Jun 2026 · 49 min · 20 chapters
E380: How Billionaire Family Offices Actually InvestHow billionaire family offices (and “fractional single family offices”) invest and manage wealth beyond portfolios—covering fiduciary vs broker-dealer conflicts, transparent fee structures,…1 Jun 2026 · 46 min · 22 chapters
E379: Why Great Investment Firms Eventually Stop PerformingRichPost CEO Luke Sarsfield explains why great investment firms eventually stop performing, arguing the industry’s incentives push “asset gathering” instead of durable alpha, and describing…29 May 2026 · 37 min · 14 chapters
E378: Why LPs Keep Selling Their Highest-Quality FundsWhy limited partners (LPs) increasingly sell highest-quality private equity positions via secondaries, and why secondary investing can outperform buyouts on downside risk and liquidity (DPI).28 May 2026 · 27 min · 13 chapters
E377: Midas List VC: Why Most VCs Miss the Biggest CompaniesNiko and Michael Furtick (Midas List VC) argue that most VC profits are captured before a category is named; VCs miss big companies by chasing consensus, markups, and “hot” themes.27 May 2026 · 44 min · 22 chapters
E376: The $3 Trillion Liquidity Problem in Venture CapitalVenture capital’s “$3 trillion liquidity problem”: about $2.7T is tied up in venture funds past their ~10-year life, with negative/low distributions (DPI) because companies stay private longer and…26 May 2026 · 37 min · 15 chapters
E375: Why Tax Alpha Could Matter More Than Investment ReturnsTax-aware investing and “tax alpha,” arguing that reducing/defering taxes can matter more than small differences in investment returns.22 May 2026 · 47 min · 23 chapters
E374: Why the Best Investors Prepare for Crashes Before They HappenHow to prepare for market crashes by using short-term government credit as a “liquidity anchor,” rebalancing rules, and disciplined, simple processes to sustain long-term returns.21 May 2026 · 32 min · 19 chapters
E373: What Most CIOs Get Wrong About AlphaCIO/allocator mistakes about generating “alpha” in inefficient markets—what “beautifully inefficient” means, how long opportunities last, how to choose investable universes, and why governance and…20 May 2026 · 47 min · 23 chapters
E372: Why the Best Venture Investments Look Wrong EarlyHow early venture winners “look wrong” at first—because narrative, tier-one signaling, and market timing distort what seems investable; alpha comes from bottoms-up taste, common-sense demand, and…19 May 2026 · 49 min · 30 chapters
E371: Midas List VC: Why AI Models Will NOT Become CommoditiesWhy AI models won’t become pure commodities; the winning strategy is B2B enterprise value, developer-driven network effects, and defensible data/domain moats.18 May 2026 · 29 min · 16 chapters
E370: What Taxable Investors Still Get Wrong About ReturnsTaxable investors often misunderstand “returns” by focusing on pre-tax performance; the episode explains “tax alpha” and tax-aware long/short strategies (including tax-loss harvesting via leveraged…15 May 2026 · 37 min · 21 chapters
E369: Midas List VC: Why Smart VCs Are Buying SecondariesWhy Midas List VC Ryan (Accomplice alumnus) pivoted from primary seed investing to secondary investing via Revenant, arguing secondaries tighten time-to-liquidity and can be underwritten “at par”…14 May 2026 · 34 min · 14 chapters
E368: Sovereign 2.0: How Mubadala Capital Is Reinventing the $430B Playbook w/CIO Oscar FahlgrenMubadala Capital CIO Oscar Fahlgren explains “Sovereign 2.0” investing—how Mubadala deploys large, complex private-market deals (e.g., $12B CI Financial buyout) by embracing complexity, using…13 May 2026 · 28 min · 16 chapters
E367: The Family Office Betting on Humanity’s FutureA family office investing for “humanity’s future,” arguing that impact and high returns can coexist.12 May 2026 · 58 min · 27 chapters
E366: Keri Findley: The Credit Investor Peter Thiel Chose to BackKeri Findley (Takora Capital) explains how he became a top credit investor by focusing on illiquidity, ratings arbitrage, and structuring credit products; he also discusses building Takora’s private…11 May 2026 · 42 min · 20 chapters
E365: Stanford GSB Professor on Venture Capital’s Manager IncentivesHow LPs should evaluate venture capital and private equity fund terms and manager incentives, focusing on carry (20% vs 30%), negotiation vs “price taker” realities, incentive-driven risk-taking,…8 May 2026 · 47 min · 23 chapters
E364: $90B Limited Partner: Why We're (Still) Bullish on Large VC FundsWhy FEG Investment Advisors (a $90B AUA allocator) remains bullish on large VC funds despite companies staying private longer, and how LPs should think about DPI/TVPI, AI disruption, diversification,…7 May 2026 · 39 min · 17 chapters