YouSaid · the spoken record

Kate Moore

lines on the record: 101
first: 2025-07-03
most recent: 2025-07-03
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“And they may be talking about a business that I only know 50% about, right? And in real time, I can use my AI tools. I can pull up what their competitors have said in recent earnings calls or, you know, in the social media, I can look up terminology. I can pull up data. I am a hundred times more informed. I don't need to be brief for three hours from an analyst before I walk into that meeting. You know, just by understanding the types of questions to ask and having this data at my fingertips, I'm a faster and better investor.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Totally. I mean, another example I like to use like near and dear to our hearts in terms of the investment landscape is, you know, how many analysts do I really need to cover all different sorts of sectors? There was a time where I needed everyone to be an expert on a different industry or a different sector and to be very siloed and deeply specialized. But right now I can be in a meeting sitting across the table from a CEO or CFO.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Why? I mean, the market composition from a sector perspective is completely different. The balance sheets of these companies, completely different, the cash profiles and free cash generation of these companies, completely different. The regulatory environment, the politics, the behavior, the market technicals, I can go on and on and on. It is literally the laziest piece of analysis I have ever seen.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Are European banks cheap for a reason? And we know that kind of over the medium term, this I'll define as kind of three years. Stocks can stay quote unquote expensive or the way I like to say it be valued at a higher end of the market range because they are superior businesses and they can stay at those levels for multiple years, sometimes much longer, and continue to re-rate. And stuff can look like it's a discount to the rest of the market, but be structurally impaired and therefore deserve the discount. The other problem I have when people do these kind of like mean reversion, you know, valuation trades is they say like, oh, we need to go back to some historical period where S&P was at 14 times.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, for sure. You would absolutely have not taken advantage of an incredible run in equities. Like just to make this point and underscore it, I say evaluation is a starting point for your investment decision, what you're screening for and entry and exit points. You would never own U.S. tech and you would be long Russia. Know and anyone who wants to take that trade, God bless, but you'll be out of business.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Of upside. Well, there's also this assumption that underpins this view on valuations, that there is some sort of mean reversion.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Term investor because markets move really quickly and you need to be really thoughtful about how you enter and exit. So I pay attention to flows, hedge fund, mutual fund positioning, introduction of new instruments, you know, a million things we kind of look at at our dashboard. And then this is the one I was saying the pillar off to the side. Valuation is a nice to know, but it is not a driving force of my investment process. And people might kind of cringe when I say that.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“You don't have a choice in this environment, you can't set it and forget it for the next three years and not focus on what's happening in the business cycle and policy and how that may impact the interest and desire to own your asset class. So I think macro is critical and a good starting point. I also like to get into the fundamentals of things, right? Like where are the fundamental thematically? Who's growing? What technology has come out? Where do we think about changes in consumer behavior, changes in supply chains and where are the real kind of fundamental opportunities? What are the companies doing well? I think that's not controversial either. But the third stage, and it's really important to me, I mean, it's grown in importance over the course of my career, is the positioning sentiment and technicals. And this has become really, really, really important for defining your entry and exit points, even if you are a long”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think it's really important to have three pillars to your decision making and one pillar that's off to the side that's controversial. So I think you have to start with a macro view. I think you need to understand politics, policy, the major economic data. You need to understand government behaviors because so much of that dictates the environment for different industries. And some people just sort of brush it off. By the way, I love my equity colleagues and friends, but nothing makes the hair on the back of my neck go up more and kind of me bristle than to hear. I don't pay attention to macro because I just pick good companies. Well, good, you'll be out of business.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. But I first put on this investment in January of 2020 when I was at BlackRock. And that was before the pandemic. And it was basically based on geopolitical risk. And of course, the pandemic that increased the risk from all this data for many different companies. So we saw a big uptick in spend, as I said. It was been a rolling series of catalysts over the last five and a half years and makes it more of a secular theme than a shorter term catalyst driven theme.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Is existential for companies. And while there's room to rotate names based on capabilities, et cetera, I believe it's a core part of a portfolio.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Maybe we call it reglobalization instead of deglobalization, but a shifting of some of the relationships. But I have spent a lot of my time, like a lot of folks, frankly, looking at themes in and around technology. I mentioned the microplastics. It's actually not a theme I've invested in only a couple companies I've really seen who are geared towards that are private. And so it's harder to access. But around technology, a few areas I've been pretty excited about for a good considerable amount of time has been in software and one of those areas is cybersecurity. This was a major theme for me in the portfolio at Global Allocation at BlackRock. And basically every time I was thinking that I'd want to either shift out of the theme or reduce it, there was another event on the horizon or something happening that led to increased spend in the space. I've now come to believe that investment in security software.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I don't believe in deglobalization because even if, let's say hypothetically, the U.S. and China continue to separate and by hypothetical I was making a joke for all the listeners, of course the US and China are going to continue to separate. That doesn't mean the relationships between each of these countries and other trading partners or allies is not going to deepen.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, wait, you just said a hot button word for me, which is deglobalization. And let me just say, I don't believe in deglobalization.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah. You know, I won't call out names, but I know some folks that like to chart where we are, which quadrant we're in. You know, on a regular basis. And instead of this nice round circle or an oval, you know, it's very sort of spasic, point to point to point to point because the macro data is moving so quickly and the positioning data, which also indicates investor risk appetite changes so rapidly that we jump from one quadrant to the other sometimes month to month.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Everyone had an investment clock, which was like this two-dimensional representation of which sectors or which maybe style factors once that became part of our lexicon performed well in different macro environments.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“And the sizing within that, right? And so that's not like by 40 companies that are thinking about microplastics. It is like four to eight names, a more concentrated expression around a theme. You're taking some idiosyncratic risk and you are continuing to invest around that. Then the third type of thematic investing, I would say, is really business cycle thematic. And a lot of people talk about this, you know, today. Where are we in the cycle? What are the companies, sectors, or qualities that perform well in that part of the cycle? I'm thematically investing in inflation beneficiaries, et cetera. And I've always liked to do those two kind of number two and number three together, which is the catalyst driven and the business cycle. And I think that together makes a nice portfolio.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“It is definitely a bad thing. I wonder if I'm a little bit cooked when it comes to that already. But this is kind of a set it and forget it strategy, right? Where you identify companies that are making these changes or facilitating the changes and you buy a basket of them or an ETF that invests them and then you just set it. The second type of thematics is what I would call like discontinuous change, catalyst-driven thematics. And these are more tactical. Like, you know, it could be a couple quarters. It could be up to a year or two or even longer. But this is kind of a more actively managed way to approach the mattics, right? Where so you identify the idea, you identify the catalyst, you identify the players, and actually there's more of a rotation in the names and the sizing of that expression in the thematic. That's really exciting. It's also hard because sometimes you look around and say, I don't see a ton of catalysts here. There's nothing really.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah. Well, let me say this actually started my career, you know, at Morgan Stanley Investment Management, and the hedge fund that my team launched at MSIM was a global thematic hedge fund. This is way back like over 23 years ago at this point. So we were ahead of our times, right? So I've actually had this thematic approach, frankly, in my investment approach throughout my entire career. And it's just now becoming really popular to call everything thematic. So let me say this. I think there are three ways at this time to approach thematics, three different flavors, if you will. The first is this kind of like long duration, slow bleed thematic, like eventually we are going to reduce the amount of plastics in all of our goods. And so we want to lean into companies that are investing in that transition.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, moving back to a multi-asset fund made the most sense for me. Because here's my joke, Barry. Like, I think of myself as being a macro equity investor, you know, combining macro stuff into equities. But the macro people will say I'm equity and the equity people will say I'm macro. Yeah, that makes sense. So a multi-asset fund is a good home for me.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so I joined BlackRock to be part of the BlackRock Investment Institute, which is kind of the internal macro think tank. And the institute has a couple of different functions. There is a segment that is client-facing, but there's also a big function around bringing together the investors across all the platforms in BlackRock and convening forums and symposiums around specific topics. And although I was called Chief Equity Strategist, I actually sat on the equity platform with all the equity PMs. And my job was to be basically embedded in all of the equity portfolios as the macro, my team was the macro resource for them. And it was great. And, you know, I always knew that I would do that for a little while. They basically said, can you do this and help to sort of change some of the equity culture into have some macro inputs? And then you can kind of figure out where you want to sit. And ultimately.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, that's amazing. Yeah. And the Asia business for us, and particularly our legacy in China and surrounding areas is incredibly strong. And that was something that was also very attractive to me, to be honest with you, as someone who has been an emerging markets investor at times and a student of China, the ability to get really deep into the opportunity to grow wealth in multiple different areas was exciting.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“What I will say is City as a bank has so many global customers and clients and people with longstanding relationships that haven't been tapped. You know, there is an enormous amount of potential to grow the wealth business just from existing city customers. And I think as you probably know, half of our business is outside of the US. And it is”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I know exactly where you're coming from. I can't sleep at night. I can't sleep at night if it's just good enough. And that's also how I want to approach things for my clients. Okay, we're talking about city here. And so City has about a trillion dollar City Wealth has a trillion dollars in assets, close to like 600 billion of that is in investments. And there's other parts in deposits and loans and things like that. And there are three main segments, right? There's a traditional kind of private bank, ultra-high net worth service. There's City Gold, which is mass affluent. And then there is Wealth at Work, which targets like very specific segments, like the law firm population, et cetera.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“No, and Barry, like, I've made my career off of being a perfectionist, you know, in my analysis. And, you know, I do not accept a barely passing grade. I do not expect, you know, index-like performance. I'm always seeking alpha and I'm doing my best to do that in the most risk-adjusted way.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I know Studying in air quotes. I get to whiz through the equity and hedge fund and everything sort of sections of it, but I have to memorize their answers for economics.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“The time you get 100%. And yet, of course, the market moves a lot on payrolls days, and we have to pretend that matters in the moment, but”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Once you get past that, the test is really easy. For example, it was like, you know, our payroll is a leading, lagging, or coincident indicator.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“The one thing that's a little bit annoying on the economic section of the Series 65 is that, you know, I don't always agree.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so I'll give you some numbers as of end of 2024 because everything else, of course, is in flux in the first part. We know how that works.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I've been building up these experiences over the course of my career and kind of setting me up to take on this new challenge. It does feel the largest, in part because I've been so concentrated on being an investor over the course of my career. And this is a combination of strategy and business leadership and investing. And so, as I said, I'm flexing a bunch of different muscles.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“It feels like it's the biggest inflection point in my career, but it also feels cumulative. I don't know if that makes sense.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Was a new challenge for me. I'd be flexing different muscles, and I thought to myself, for this next big push in my career, I want to be someplace where I can be entrepreneurial, where I'm going to be supported by the overall platform, where, you know, I can continue to grow out my experience as an investor. And so ultimately, I made the tough decision to leave a firm that I loved for a new and exciting challenge.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“And in August of 2024, Andy Sieg, who I'd known in the business for like 15 years or so, never worked together directly, but we'd met a number of times, been on panels together, had good cordial relationship. He called me and said, Kate, I have an idea for you. And he had been at City for a year then as CEO of Wealth. And I thought, okay, this is interesting, but I need to turn it over in my head a little bit. Is this going to be the right pivot? And ultimately, I got so excited, Barry, because City was already in this massive transformation. Andy is a really inspirational leader. I'm not just saying that because he's my boss, but I think most people on the street will agree. He has a vision. He executes.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“And there's some growth in alternatives, but it felt like just a different flavor of the stuff I was doing. So I was sort of intrigued by this idea of working in wealth, especially because I've done a lot of asset allocation and the multi-asset discipline I come from. And I love the challenge of helping people grow their money over time. But I didn't have like a great idea in my head of what I was going to do. This was just sort of something that was a seed that was planted and not yet out of the soil, if it were.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so I was at a bit of an interesting inflection point, I would say, in my career. Here I am. I've loved being at BlackRock. I really enjoyed the work. But I also recognized I was kind of ready to take the next big step. And I could continue to be a portfolio manager at BlackRock. And it's an amazing firm. But I was kind of wondering what it would sort of, what I should do to take this next step. And I looked around and said, where are the areas of growth in the business? And traditional mutual funds, we know, are not a huge growth area for the business. Even if your performance is exceptional, you know, keeping your assets can be a challenge. And I saw wealth as an area of consistent growth. I think most people would agree on that front.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“What makes investors tick a lot more than people who just stayed in their lane? Like, I get the retail side, the institutional side, but fast money does, what traders do, what fundamental investors do. And I interpret all this sort of sentiment and flow data as part of my process as a result of having this exposure to different parts of the investment management business.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“So I've had a really cool career in the sense that I've done a variety of different buy side, more traditional mutual funds, but even when I was at MSIM, we launched the first internal hedge fund. This is before Morgan Stanley bought Frontpoint. And then I worked at a big macro hedge fund through the financial crisis, as you mentioned, at More Capital. That was an adventure. I did a few years on the sell side at B of A Merrill as Global Equity and Emerging Market Strategist. And then I went to JP Morgan, managed the discretionary multi-asset portfolios for the private bank. Then I spent a long time at BlackRock, most of it as a portfolio manager for global allocation, kind of the flagship multi-asset fund. I have to say, I love the fact that I've experienced all sides of the investing business. And it makes me understand.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, like let's put up a good candidate. You kind of meet the criteria. If it's not your bag, it's not your bag. And I went and met this team at Morgan Stanley Investment Management of people who had economics and history and philosophy degrees, but were macro investors. And I was like, okay, A, these people are cool. And B, I love how they're solving the problems. Two weeks later, I accepted an offer. I fell into investing, Barry.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“It's in Chicago. And then a strange thing happened. I was back on the East Coast visiting my parents, and I got a call from the Career Services people at University of Chicago. I was still, you know, enrolled in school there, just getting my thesis graded. And they said, hey, we got an incoming call from the chief investment officer of Morgan Stanley Investment Management. This guy's name is Joe McAlinden. Joe is looking to add to his macro investing team on the buy side and specifically is looking for candidates that are not MBAs. He wanted people who had this understanding of politics and economics and everything in between. And I said, hey guys, I'm not interested in going back into that form of finance. I'm going to do something different. They said, do us this favor and go on the interview.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I said, Oh my gosh, like, do you know, do you think I'm screwing up here? He said, No, you're top of the class. What I do recognize, though, is because you've worked before for a number of years before coming into a PhD program, you have a different skill set and you're approaching this differently. He's like, I think you can finish your PhD later and, you know, do the masters and whatever. So I had this in my mind. And so I started to put out a couple feelers, but I wasn't really committed to what I would do post, you know, getting my master's gradient.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so how I got to Morgan Stanley Investment Management is perhaps kind of interesting. So we were just talking about my academic background and I was doing this, you know, political economy degree at University of Chicago and I had this sort of moment where I realized I wasn't going to pursue the PhD. So I made an appointment with my advisor and I said, you know, Professor Harigal, I'm not sure I want to do the PhD. And he starts laughing and we're sitting in his office. He said, Kate, I've been waiting for this conversation for six months.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, from traditional manufacturers to telecom companies, financial services, and everything in between. And I have to say, Barry, that experience, you know, working for these kind of small and mid-sized LBO owned companies really set me up well for understanding and investing in a broad array of equities.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Business started to change, and a number of the partners broke off and started Silver Oak, which focused on leveraged buyout firms. Now, here is what was really cool. I wasn't doing work for, let's say, the LBO in master form, but rather like a collection of the companies in the portfolio at the same time, trying to find synergies or things that are traditional around sourcing, but things that were maybe less traditional around finding strategic combinations. And I had a great opportunity to get exposed to a lot of different industries.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I did a bunch of strategy consulting projects, things you would expect, including some cool stuff in the media space, just at the time where the internet was becoming popular and some of these websites like Amazon that we take for granted were getting launched. So I learned a lot about media and e-commerce in those early stages at Mitchell Madison. But Mitchell Madison, for those of you who may recognize it, went through a merger with US Web CKS, which was a technology consulting firm. The combined entity got rebranded as March 1st, which was the date that the deal was inked, kind of a weird marketing decision on that part. But, you know, the...”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“And it was taking kind of a new way or new approach, frankly, to some of the similar types of clients as McKinsey had. But it had this very entrepreneurial kind of environment because it was a breakoff, but it was still really large and global.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Okay, so both Mitchell Madison and Silver Oak no longer exist for the record. Mitchell Madison was formed out of a spinoff of a bunch of McKinsey partners”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. I think, you know, the best macro investors are able to pull in different inputs from policy and politics. It's also really helpful, I think, to understand human behavior. So if you're taking an interdisciplinary approach to your academics and your investing life, I think you're well set up. So in this, I mean, I took a bunch of courses on game theory and stuff in my graduate work and understanding payoffs and incentives, doing some work on behavioral economics, all of that combines really well. And my experience too was that the best investors that I worked for over the course of my career also took in all of these different inputs and were constantly trying to solve a puzzle, right? It wasn't just, you know, a two variable puzzle. It was a multi-variable puzzle, understanding that every day you wake up and you have to do it anew.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“And becoming so specialized in very arcane topics. And it was like not appealing to me since I had already worked and everything. So I left after my masters. But I did my work on, you know, this intersection of economics and policy with a focus on emerging markets and China. So I was ahead of my time.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“And I want to be a professor. This was my idea. I'm going to go back to school and get my PhD and be a professor. I had this whole vision for myself that involved like, you know, writing books in the summer. I would be doing cool research. I have a pack of golden retrievers and, you know, I'd like rock climb on the side. This is whole vision of my academic life. So I applied to PhD programs and I went to University of Chicago for political economy. So this intersection of policy and politics, you know, international theory and economics. And I found once I was there, honestly, that many people in my program are taking eight to ten years to get through their PhD.”
2025-07-03 · Masters in Business · Citi Wealth Chief Investment Officer Kate Moore on Macro Investing · IDENTIFIED FROM THE TRANSCRIPT · source