YouSaid · the spoken record

Mike Rockefeller

lines on the record: 58
first: 2023-12-14
most recent: 2023-12-14
sittings or episodes: 1
sources: podcast

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“So in early 2008, Millennium was looking for an analyst at one of their funds out in San Francisco. And I jumped at the opportunity. I'd never been to San Francisco.”
2023-12-14 · Masters in Business · Mike Rockefeller on Launching a New Hedge Fund · IDENTIFIED FROM THE TRANSCRIPT · source
“So in 2004, I joined Morgan Stanley Equity Research. That was great. They had a star-studded cast of research analysts, Byron Ween, who sadly passed away recently. He had retired, but he was still active. Henry McVeigh, who's now at KKR. He was the U.S. strategist. Katie Huberty, who's still there now, was a young up-and-coming tech analyst. And I worked for Jamie Rubin, who was a top pharma analyst. And it was great preparation for the buy side. You know, writing research reports, doing the same kind of work that you would do as an investor, except you're making recommendations instead of on the buy side, you're actually putting those dollars to work and structuring portfolios.”
2023-12-14 · Masters in Business · Mike Rockefeller on Launching a New Hedge Fund · IDENTIFIED FROM THE TRANSCRIPT · source
“So that book is about bankers at DLJ in the 90s, premier investment bank. And it talks about how they worked 18-hour days, slept under their desk, endless pitch books every weekend. And I thought to myself, there's no way it could be like this anymore. That was back then. And I have to tell you, Barry, it was exactly like that. It was brutal. But I was so grateful because I knew my life could have been different. And so I was so happy to be there. I learned a lot of skills and probably the most important skill that I learned was the basic principle of double and triple checking your work. And if you ever make a mistake, don't ever make it again.”
2023-12-14 · Masters in Business · Mike Rockefeller on Launching a New Hedge Fund · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so after my experience in Baltimore, I wanted to pivot to finance and came back to school and applied to every major investment bank. That did not go so well. No one called me back. It was late in the process. Most of the kids that were going into banking at that time already had their jobs. And I didn't have a background that banks wanted. I had never taken an accounting or finance class. But finally, City did call me back and invited me to interview. And I had four different interviews there and didn't get any of the jobs. So I went throughout my senior year and didn't know exactly what I was going to do. And fortunately. The end of the year, a couple spots opened up, one in the healthcare division of the investment bank. They invited me in. I interviewed and I got the job.”
2023-12-14 · Masters in Business · Mike Rockefeller on Launching a New Hedge Fund · IDENTIFIED FROM THE TRANSCRIPT · source
“So I was hooked. I said this is what I want my career to be. And I was fortunate because I was 21 years old at the time. And from that moment, every step that I took was to get to where I am right now, sitting, you know, sitting with you, Barry, and investing and being. A part of a great investment firm”
2023-12-14 · Masters in Business · Mike Rockefeller on Launching a New Hedge Fund · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, yeah. And except in investing, the market is your competitor and your ability to understand businesses and what's priced into a stock better than your peers is how you win. So, what was really amazing about that internship was actually how Eric, the chief investment officer, practiced. So what I mean by that is that in the morning, he would wake up early and I saw how he prepared for the day on weekends. I saw how he would prepare for the next week. I remember walking into his living room on Saturday mornings, and there'd be newspapers and research reports and articles all over his living room. And he said, this is where it happens, you know, the learning.”
2023-12-14 · Masters in Business · Mike Rockefeller on Launching a New Hedge Fund · IDENTIFIED FROM THE TRANSCRIPT · source
“I know. I know. It's a big risk. But I did. I went down there and I spent the summer. And, you know, I love SportsBarry. And I think they teach you so much about life. I was not good enough to be a pro athlete, but I was amazed how many similarities there were to investing and being an athlete. You know, the competition, the practice, the hard work, the score.”
2023-12-14 · Masters in Business · Mike Rockefeller on Launching a New Hedge Fund · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, it's study of the brain and spinal cord, pretty specific. And I just, I love biology. You know, the human body is so complex and we'll never quite understand it. But I had this really unique experience in between my junior and senior year of college. I got an internship at a investment fund in Baltimore. And this was 2002 at the time. So they were not offering paid internships because the market was still recovering from the tech bubble crash. But the chief investment officer offered me an unpaid internship and he said, and this is what was interesting, that I could live with him and his family for the summer.”
2023-12-14 · Masters in Business · Mike Rockefeller on Launching a New Hedge Fund · IDENTIFIED FROM THE TRANSCRIPT · source