The Julia La Roche Show, Released on 3/28/23
0:00 Intro
3:08 The Endowment Model
4:08 Taking advantage of time-horizon arbitrage
6:47 What else makes the Endowment Model unique?
8:00 Equity
10:20 Greatest wealth is created by being an early investor in innovation
12:08 Mark’s background
13:33 Dialogue and debate through active listening
16:00 Lessons investing in bonds
19:00 A-ha moment in venture capital
20:00 Investing in Sequoia early
21:19 Being a journalist might be the best training for investing
22:08 Half-a-million investment turns to $200 million thanks to Google investment
25:30 Living the path of technological innovation
30:40 The Truth Net explained
32:44 Macro backdrop
34:19 Liquidity drives markets
35:55 Fractional reserve banking
39:00 Banking system driven by liquidity
41:20 Satoshi Nakamoto’s Bitcoin 2009 white paper
44:00 Digital asset innovation
47:00 Bitcoin as a digital store of value
50:15 A better system
51:00 Duration mismatch in the banking system
55:00 Impact of money printing
57:16 Bitcoin
58:49 Money printing doesn’t create wealth
1:01:10 On the precipice of GFC II
1:07:00 Chance meeting with Howard Marks
1:14:30 Blockchain is an Operating System
Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office.
Mark Yusko: We Are On The Precipice Of The Global Financial Crisis II added by Herman James on
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