YouSaid · the spoken record

Graham Duncan

lines on the record

153

first

2025-02-04

most recent

2025-02-04

sittings or episodes

1

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podcast

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1. “Out, and there's one family office that famously has gone through like 15 CIOs because of that getting the dynamic wrong.”

   2025-02-04 · Invest Like the Best · Graham Duncan - Talent Whisperer - [Invest Like the Best, EP.409] · IDENTIFIED FROM THE TRANSCRIPT · source

2. “50 million and I ran that for a year and built trust. And then if it hadn't been like that, it's possible the market construct would have been just run my family office, but it's my thing. And it wouldn't have unleashed what it ended up unleashing. It's also like, it has to be consistent with their existing aesthetic, I think. So like if you had a quant guy whose family office needs a family office or wants to partner with somebody or put somebody into business to run a family office, the underlying agent is going to need to be super mathematical left hemispherey in order to have the principles map of reality overlap enough with the agents that when shit goes down, it doesn't get wonky. Because inevitably something's going to go wrong. And it's those moments when it goes wrong that you either get shaken.”

   2025-02-04 · Invest Like the Best · Graham Duncan - Talent Whisperer - [Invest Like the Best, EP.409] · IDENTIFIED FROM THE TRANSCRIPT · source

3. “I think it's a principal agent thing that there's a way in which this paradoxical thing where if you're the principal and you treat the agent like an agent, then they become an agent. And so it's this very subtle, energetic thing where you got to have this vibe of let's make money together. So what happens is somebody who's commercial wants more control over their life than most principles will give them. And so when the principal tries to bring an A player inside the boundary of their firm, quote unquote, it's not unleashing the commercial activity of the agent. And I think the fact that Stuart Miller let me set up my own company, it's possible it was path dependent because he initially gave me a smaller amount of money.”

   2025-02-04 · Invest Like the Best · Graham Duncan - Talent Whisperer - [Invest Like the Best, EP.409] · IDENTIFIED FROM THE TRANSCRIPT · source