Tully Friedman Interview

Recently interviewed Tully Friedman for his first podcast ever. Co-Founder of most notably Hellman and Friedman. Some incredible insights I wanted to share with you all.

Check the full episode out: Generating Alpha on Spotify

-True investment talent is an innate "sixth sense" that can be sharpened through experience, but it's not something that can be purely taught. - Ultimately, business is about people. Reading biographies can offer valuable insights into human nature, and a successful career, especially in investment, hinges on your ability to bet on the right individuals, including yourself. - The "golden age" of the past 70 years, characterized by "Pax Americana" and leading to unprecedented peace and poverty reduction, is over. He sees the world now entering a period of significant instability - Observes a serious decline in leadership across almost every institution in the country. - He anticipates the conclusion of an era marked by readily available cheap money and substantial equity flowing into various market niches - The financial feasibility of simultaneously supporting a massive welfare state and needing to revive defense capabilities is concerning, his belief is that the necessary funds do not exist to accomplish both

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