In this episode of Leaders of Code, Stack Overflow CEO Prashanth Chandrasekar and Christina Dacauaziliqua, Senior Learning Specialist at Morgan Stanley, talk about the importance of experiential learning in fast-paced environments. They emphasize the value of creating intentional learning environments where innovative tools meet collaborative communities to support growth for both individuals and organizations.
The discussion also:
Explores why leaders need to model continuous learning to inspire their teams.
Explains three practical principles to embed a culture of ongoing learning into everyday operations successfully.
Touches on Morgan Stanley's multi-year strategic initiatives centred on talent excellence and how they empower employees through an intentional learning framework and metric tracking.
Notes:
Connect with Christina Dacauaziliqua and Prashanth Chandrasekar.
Learn how to empower learning within your organization with Stack Overflow for Teams.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Somehow, the American consumer remains quite strong. Despite higher interest rates, tariffs, general economic uncertainty and so forth, people are continuing to spend. And yet there are some pockets of weakness that you can observe, especially if you look at delinquency data for various types of credit. But even here the patterns aren’t totally obvious, as it doesn’t break down nicely among prime vs. non-prime borrowers. But there is one important divide: Do you have a ZIRP-era mortgage or not? According to Morgan Stanley housing strategist Jim Egan, there is a massive difference in how strained people are for those who locked in their housing costs prior to 2021 vs. those who didn’t. People with ZIRP-era mortgages are benefiting from low stable payments (which have declined on a real basis), as well as broad equity accumulation. Those who didn’t are much more strained in their finances. We discuss how this is playing out, as well as the state of the housing market more broadly, which has seen rising inventories, and the possibility for an overall downturn in prices nationwide.
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See omnystudio.com/listener for privacy information.
On Wednesday, the Federal Reserve cut interest rates by 25 basis points as expected. But it also raised its inflation outlook for 2025, and sees just two more cuts next year. The markets reacted violently to it, with the major measures posting their worst day in a long time. What's more, there was nowhere to hide. Bonds and gold also sold off, alongside equities. So what's going on now? And what does this mean for portfolio construction? On this episode, we speak with Jim Caron, chief investment officer of the Portfolio Solutions Group at Morgan Stanley Investment Management. We talked about why the market reacted as sharply as it did, and how to think about next year, given highly concentrated markets, uncertain macro, and the difficulty in finding diversifying instruments.
Read More: Powell Says Future Cuts Would Require Fresh Inflation Progress
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My guests today are Bill Gurley and Michael Mauboussin. Bill is a General Partner at Benchmark, and Michael is the Head of Consilient Research for Counterpoint Global. While they are longtime friends with one another, I’d never heard them appear somewhere together so it was a real treat to be able to do this with the two of them. They are two of the leading minds in their fields, and we combined their decades of expertise into one wide-ranging conversation. We discuss the different kinds of increasing returns to scale, the issue of regulatory capture, AI, and hardware. Please enjoy this great conversation with Bill Gurley and Michael Mauboussin.
Listen to Founders Podcast
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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This episode is brought to you by Tegus, the only investment research platform built for the investor. With traditional research vendors, the diligence process is slow, fragmented, and expensive. That leaves investors competing on how well they can aggregate data — not on their unique ability to analyze insights and make great investment decisions. Tegus offers an end-to-end platform with all the data you need to get up to speed on a company or market: up-to-the-minute financials, customizable models, management and culture checks, and, of course, our vast and growing library of expert call transcripts. Tegus is changing the world of expert research. Learn more and get your free trial at tegus.com/patrick.
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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:03:38) Dissecting the Dynamics of AI, LLMs, and Market Disruption
(00:05:06) The World of AI Investments and Market Trends
(00:08:13) Integration of New Technologies in Business
(00:15:27) The Power of Increasing Returns and Strategic Investments
(00:22:26) Unpacking the Role of Intangibles in Scaling and Innovation
(00:28:54) Transformative Potential of Open Source and Idea Recombination
(00:34:42) The Complex Landscape of Regulation and Innovation
(00:43:17) Today’s Venture Capital Ecosystem
(00:47:08) Impact of Fewer IPOs and Private Market Dynamics
(00:50:38) Capital Allocation in Zero Interest Rate Environments
(00:54:44) The Evolution of Venture Capital and High-Stakes Investment Games
(00:57:21) Exploring New Frontiers: AI, Energy, and Physical World Innovations
(01:01:14) The Power of Learning by Doing
(01:17:49) Working with Genius
(01:26:47) The Value of Teaching, Writing, and Sharing Knowledge
Mortgage rates have surged over the last couple of years. But surprisingly to some, actual home prices in the US have been resilient. This has created a historic shock to affordability, with a typical monthly payment on a home purchase soaring. But how long can this go on? Particularly as rates continue to rise, with a 30-year fixed rate mortgage near 8% now, we speak with Morgan Stanley housing strategist, and past Odd Lots guest, Jim Egan, about the impact of this rate environment. He explains why we may be at the limit to how far house prices can rise, and why at this point, the key variable is whether more supply comes onto the market.
See omnystudio.com/listener for privacy information.
Last year, as the Federal Reserve hiked rates to the highest levels in decades, there were lots of warnings about an imminent collapse in the US housing market. But home prices have only dipped slightly since then and now they're even recovering, stacking up three consecutive month-on-month gains. Not many people expected the most interest rate-sensitive portion of the economy to be this resilient. So what happened? Morgan Stanley housing strategist James Egan was one of few who was early to forecast that home prices would prove resilient, even as the cost of mortgages went up. In this episode, he walks us through how he sees the housing market now and what it would actually take for home prices to come down.
See omnystudio.com/listener for privacy information.
In this episode of Empire, we are joined by Amy Oldenburg and Andrew Peel from Morgan Stanley to discuss how the banking crises will impact crypto's adoption. We start by exploring how far the banking crises will go, the similarities between today and 2008, and the market outlook. Amy and Andrew then explain how crypto is prime for adoption in a world that desperately needs new banking rails and an alternative store of value. We discuss institutional adoption, ETH vs BTC, why BTC just had its most important rally and more!
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Follow Amy: https://www.linkedin.com/in/amy-oldenburg-395b09
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This episode is brought to you by Quicknode. QuickNode is an end-to-end blockchain developer platform that makes building Web3 apps easy. Go to QuickNode.com and use code Empire for a free month on their feature-packed Build Plan!
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Resources
Morgan Stanley
https://www.morganstanley.com/
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
My guest this week is Michael Mauboussin. Many of you will know Michael and his work well. He’s Head of Consilient Research at Counterpoint Global, one of the sharpest investment minds I know, and a frequent guest on this show. In this discussion, we go deep into his recent work on market share, returns on capital, and capital allocation - all of which are coming under increasing scrutiny for different reasons. Please enjoy this great conversation with my friend Michael Mauboussin.
Listen to Founders podcast
Founders Episode #136 A Success Story: Estee Lauder
Invest Like the Best with David Senra: Passion & Pain
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Show Notes
[00:03:46] - [First question] - Overview of Michael’s recent research on market share
[00:05:48] - Market share dynamics in modern history
[00:08:43] - How market share data is useful for investors
[00:12:30] - Investing in early breakout companies from low-concentration markets
[00:14:34] - Surprises from his recent research project
[00:15:29] - Using the value stick for stakeholder satisfaction
[00:19:12] - Examples of value creation using the value stick
[00:23:33] - Market power in relation to markups and willingness to pay
[00:32:00] - Identifying a company’s real ROIC numbers
[00:44:00] - How important absolute ROIC is when picking investments
[00:47:07] - Research on capital generation and allocation trends
[00:54:25] - Characteristics of great capital allocation strategies
[00:59:26] - Surprises in the market since his deep-dive research
[01:02:54] - Artificial intelligence and other sources of disruptive innovation
Michael Mauboussin is Head of Consilient Research at Counterpoint Global. Previously, he was Director of Research at BlueMountain Capital, Head of Global Financial Strategies at Credit Suisse, and Chief Investment Strategist at Legg Mason Capital Management. He is also the author of three incredible books, including More Than You Know: Finding Financial Wisdom in Unconventional Places, named in The 100 Best Business Books of All Time by 800-CEO-Read. Michael has taught at Columbia Business School since 1993 and received the Dean's Award for Teaching Excellence in 2009 and 2016.
In Today's Episode with Michael Mauboussin We Discuss:
1.) Entry into Venture and Finance:
What does Michael actually do as "Head of Consilient Research"?
What does Michael know now that he wishes he had known when he entered finance?
How did Michael and Bill Gurley meet in business school? What does Michael believe makes Bill such a special investor today?
2.) Booms and Busts: How This Compares?
How does the current macro downturn compare to prior crashes Michael has worked through?
What is the same? What is different? How do political and health events impact the macro?
Why was 1987 the end of the world at the time? How did the recovery take place?
How does Michael analyze the duration of bull markets vs the duration of recovery time?
What advice does Michael give to young people today questioning if they are good investors?
3.) The Investment Decision-Making Process:
How does Michael advise on the structuring of your decision-making process?
What makes a good process vs a bad process?
What can be done to remove politics from the decision-making process?
What can be done to ensure all people, regardless of hierarchy feel safe in the process and feel they can share their thoughts without repercussions?
What are the single biggest mistakes Michael sees people make in their decision-making process?
How do you know when is the right time to change your process?
4.) Everything is a DCF:
What does Michael mean when he says that "everything is a DCF"?
How does Michael advise and apply this thinking to early-stage venture investors?
How does Michael think through highly diversified portfolios vs super concentrated portfolios in venture?
Items Mentioned in Today's Episode:
Michael's Favourite Book: Consilience: The Unity of Knowledge by E.O Wilson
Thanks to the surge in mortgage rates, we've seen a historic collapse in mortgage affordability. New homebuyers are facing a massive sticker shock relative to what they could have paid just six months ago. So does this mean that house prices are due for a crash? On this episode of Odd Lots, we speak with Morgan Stanley housing strategist Jim Egan about what comes next. Egan argues that while high mortgage rates will discourage buyers, there won't be a significant unlocking of supply, since very few people will be forced to sell. It will be housing activity that sees the biggest change.
See omnystudio.com/listener for privacy information.
Today, we will be diving into Moderna. Founded in 2010, Moderna and its innovative RNA platform made headlines after developing one of the first COVID vaccines. We treated this Breakdown slightly different than our other episodes. I’m joined today by two guests. First, I am joined by Jason Kelly, CEO of Gingko Bioworks. He gives us a primer on the biotech industry, genetic modification, and how Moderna’s platform represents a new breakthrough in the industry. Then, I talk to Matthew Harrison, a biotech analyst at Morgan Stanley. We will cover what differentiates Moderna’s business model, how Moderna’s science could lead to faster and higher efficacy drug development, and key takeaways for investors and operators. I hope you enjoy this Breakdown of Moderna.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
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Business Breakdowns is a property of Colossus, Inc. For more episodes of Business Breakdowns, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss
Show Notes - Part 1: Jason Kelly
[00:02:31] - [First question] - What is a biotech company?
[00:03:50] - Defining Moderna as a company in the biotech space
[00:05:15] - Bridging the gap between biotech and genentech
[00:06:02] - Overview of the history of learning to program cells
[00:07:46] - Big milestones from the discovery to the human genome project
[00:10:03] - Technical process and tool of how one modifies and copies genes
[00:11:45] - The scale and tools of modern DNA design
[00:14:05] - What the Moderna vaccine is and how it works
[00:17:24] - The first engineered drug of its kind
[00:18:24] - Other areas where synthetic biology appears in everyday life
[00:22:19] - How many sectors this type of technology will disrupt
[00:23:32] - The history of Moderna and how they came to be
[00:24:41] - What problem Moderna tries to solve and how they approach it
[00:27:11] - Unique deal components in therapeutics and the FDA
[00:29:06] - Key factors that will make Moderna a dominant player in the near future
[00:30:01] - How Genentech became as big as they did
[00:30:53] - Competitive and compounded advantages for biotech companies
[00:32:09] - Lessons for investors and entrepreneurs in studying Moderna’s story
Show Notes - Part 2: Matthew Harrison
[00:34:10] - What is Moderna and how it got started
[00:36:10] - Typical route taken for a drug maker and how Moderna is different
[00:37:16] - What separates Moderna from others in the biotech space today
[00:39:12] - The role software and technology has played a role in Moderna’s success
[00:41:42] - Cementing their position through breakthroughs and capitalizing on them
[00:42:58] - How Moderna generates their revenue
[00:44:45] - Overview of cost of sales, expense buckets and gross margin
[00:46:20] - Factors involved in how one valuates a biotech company
[00:47:15] - How many drugs are in Moderna’s pipeline compared to others
[00:51:26] - Risks of drug development and their market potential
[00:54:01] - Internal operations of drug development and what separates Moderna
[00:57:17] - Comparing Moderna’s mRNA to others on the market
[00:59:44] - High level breakdown of pharmaceutical R&D
[01:01:33] - Other P&L and financial components that arise given the nature of biotech
[01:03:09] - Contrast between the Moderna and Pfizer vaccine
[01:04:18] - What Moderna will have to get right in order to become the next Pfizer
[01:05:38] - What Moderna would have to get wrong to limit their growth
[01:07:24] - Company culture and the importance of management
[01:08:06] - Lessons for builders and entrepreneurs in studying Moderna’s story
My guest today is Dennis Lynch, Head of Counterpoint Global, where he oversees over $100bn in AUM and boasts one of the strongest track records of any public investor. In our conversation, we cover Dennis's unique approach to building a research team, how misclassification of companies often creates the highest upside opportunities, and how Dennis has adapted his investment process over the past 20 years. I think Dennis defines what it means to be intellectually honest, and you will hear that in his answers throughout our discussion. I hope you enjoy my conversation with Dennis Lynch.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
(for me- )
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Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Show Notes
[00:03:47] - [First question] - How he would teach potential students to be investors
[00:04:26] - The Money Game
[00:04:40] - Moneyball
[00:05:59] - Pros and cons of volatility when investing
[00:08:55] - Emotional response to volatility
[00:12:44] - Training to have a better temperament
[00:14:20] - What is his investing game
[00:15:17] - The Ethical Algorithm
[00:16:44] - How time horizon impacts their investment strategy
[00:20:53] - Assessing a company’s earnings power
[00:26:12] - Shifting business models vs. evolving within a business model
[00:32:32] - Understanding how to invest in disruptive businesses
[00:35:26] - Why he’s skeptical on Growth and Value investing strategies
[00:38:42] - Expectations Investing
[00:38:55] - How his view of assessing businesses has changed
[00:43:56] - Defining unit economics
[00:45:41] - Taking on uncertainty risk in the portfolio
[00:50:38] - The business that taught him the most; Amazon
[00:53:32] - Dealing with massive amounts of change
[00:56:01] - The Big Short
[00:59:46] - Interest in psychedelic research
[01:01:02] - What has changed the most in investing from when he started
[01:04:19] - Kindest thing anyone has done for him
Measuring a company's book value is a classic practice among investors seeking to understand how much a firm's actual assets are worth. But what happens when a firm's assets are not things like buildings, factories, and land, but intangible assets, such as intellectual property and brand value? How does that change the task of analyzing a company's intrinsic worth? On this episode, we speak with Michael Mauboussin, Head of Consilient Research at Counterpoint Global (part of Morgan Stanley) about valuing these assets, and how investors can use this information to get a better read on their investments.
See omnystudio.com/listener for privacy information.
My guest this week is Michael Mauboussin, the head of consilient research at Counterpoint Global. Michael is an all-time favorite guest here on the show, and this is his fourth appearance. We discuss one of the biggest topics in the world of investing: the shift from public to private markets that has taken place over the last several decades. We explore the reasons for this shift, the biggest overall changes in capital markets, and what the future may hold. Along the way we explore other fascinating topics like the rise of intangible asset investments, employee-based compensation as a form of financing, and more. If you enjoy this conversation I urge you to read Michael’s paper on the topic which will be linked in the shownotes. Please enjoy this conversation with Michael Mauboussin.
This episode of Invest Like The Best is sponsored by Canalyst. Canalyst is the leading destination for public company data and analysis.
If you’re a professional equity investor and haven’t talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/Patrick.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
(2:27) – (First question) – Motivation for writing the book from public to private equity
(2:28) – Public to Private Equity in the US: A Long-Term Look
(3:02) – The Incredible Shrinking Universe of Stocks
(4:48) – Size of the public vs private markets
(7:20) – History and changes in the public to private markets
(12:00) – Public market vs venture capital returns
(16:48) – Persistence of returns
(20:01) – Role of price and EBIDTA on the returns of a buyout
(23:31) – How buyout forms are sourcing the debt
(29:31) – Transition to businesses relying on intangibles
(29:42) – Capitalism without Capital: The Rise of the Intangible Economy
(30:13) – Endogenous Technological Change
(30:36) – Should Intangible Investments Be Reported Separately or Commingled with Operating Expenses? New Evidence
(34:18) – Explaining the Recent Failure of Value Investing
(36:21) – Superstar firms and increasing returns
(42:38) – Role on monopolies in creating network effects
(4:52) – The allocators perspective in these investments
(49:16) – How does this all impact public market active management
(51:54) – Advice to young people getting into the investment industry
(52:30) – Jeremy Grantham Podcast Episode
(53:30) – Other areas he is researching/looking into
(55:44) – How investment work and Santa Fe research influence eachother
(56:54) – Investors to learn from
(57:15) – John Collison Podcast Episode
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Welcome to Part IV of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a look at life after LIBOR, the interest rate tied to more than $350 trillion worth of financial assets.
It's one thing to talk about transitioning away from LIBOR, but it's another thing to actually do it. On the fourth episode of the series, we speak with Tom Wipf, Vice Chairman of Institutional Securities at Morgan Stanley, and the chair of the committee charged with sunsetting the rate. He takes us inside the effort to replace an interest rate that is entrenched in millions of financial contracts and tells us how it’s going.
See omnystudio.com/listener for privacy information.
My guest this week for the third time is Michael Mauboussin. If there is a major question about markets and investing, Michael has usually written one of the best pieces of research on that topic. Today’s conversation is a mix of several of his research pieces, but focuses on the sources of alpha. The framing of the conversation is the brilliant question “who is on the other side” of a given trade. If you are buying, who is selling, and why? Knowing the answer to this question is one key to understanding where excess return comes from. As is usual with Michael, we also explore tons of other interesting ideas that will serve as food for thought. Please enjoy.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
1:23 - (First Question) – An outline of the syllabus for the course he teaches
4:02 – What are smart people missing when it comes to decision making
5:33 – Why Michael went down the path of defining major investing concepts
7:41 – On the impossibility of informational inefficient markets
9:14 – Beware behavioral finance
12:03 – What are the behavioral errors that people can take advantage of in a trade
15:14 – Timing opportunities
17:25 – Modest Proposal Podcast Episode
17:47 – Where the analytical edge comes from
21:16 – Is there an advantage to exhibit time arbitrage
23:53 – Technical arbitrage
29:34 – What impact do flows into ETFs play on the market
32:25 – Informational edge and how you source that edge
36:39 – Biggest changes that he has seen on the buy side
43:18 - How would Michael apply this as a sports GM
48:35 – His views on stock buybacks
51:02 – The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
52:55 – EBIT to EBITDA paper
54:43 – What Does a PE Multiple Mean?
59:28 – The concept of benign myths
1:02:06 – What the future holds of Michael
1:04:17 – The Myth of Capitalism: Monopolies and the Death of Competition
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
My guest today is Michael Mauboussin, who is the head of global financial strategies at Credit Suisse and is on my short list of must read writers on all things investing. If you read his entire catalogue, Howard Marks's memos, and Buffett's shareholder letters, you be sitting pretty. Michael was also a big reason for the early success of this show appearing as my second guest and now my 37th. He and his team have been prolific in the last six months, publishing several long research reports on the most interesting aspects of the investing landscape. In this conversation, we talk about business moats, industry analysis, and how to combine man and machine when building an investment strategy and portfolio. As I tell Michael at the end, you won't be able to listen to this episode at two times speed, because we go deep quickly.
For comprehensive show notes on this episode go to http://investorfieldguide.com/michael
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Among the biggest trends in the world of markets is the rise of passive investing. Rather than pay high fees to active mutual fund managers (who often fail to beat the market), people are pouring money into passive strategies that track major indices, but with little cost. So what are the ramifications of this trend for investors who choose to remain active? On this week's Odd Lots podcast, we speak with Michael Mauboussin, who heads global financial strategies at Credit Suisse and is not just an expert on the world of investing, but also on the role of luck in success. As he sees it, trading is like a game of poker, and in poker you want to play against weaker, less-skilled players. But as more and more of those less-skilled players opt not to trade (choosing passive strategies) then the game gets harder.
See omnystudio.com/listener for privacy information.
Michael Mauboussin, Managing Director and Head of Global Financial Strategies at Credit Suisse, joins Patrick to discuss the current state of the asset management business, explore all of the stages of the investment process, and what edges might exist for those trying to beat the market.
For comprehensive show notes on this episode go to investorfieldguide.com/mauboussin/
For more episodes go to InvestorFieldGuide.com/podcast.
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Christina started as a server administrator. But over the years, she found her way into information security, now serving as VP of Technology and Information Risk at Morgan Stanley. She talks to us about the vast world of security, why CodeNewbies should care about security even as developers, and how she’s navigated her own coding journey.
Show Links
Partner with Dev & CodeNewbie! (sponsor)
Github
Server Administration
General Assembly
Rebecca Garcia Interview
ASP.NET
Visual Basic
Active Directory
Annyce Davis Interview
Codeland Conf
Codeland 2019
Christina Morillo
An expert in Identity Access Management and currently at Morgan Stanley, Christina formally implemented and managed FitchRatings Access Management Program as their Information Security Architect.
