E424: 32-Year Notre Dame CIO on Sequoia, Venture Capital & Concentration
What can 32 years as a university CIO teach you about identifying exceptional investors before everyone else does? David sits down with Scott Malpass, Co-Founder and Managing Partner of Grafton Street Partners and former Chief Investment Officer of the University of Notre Dame, to discuss the patterns he learned from evaluating thousands of investment firms and building decades-long relationships with some of the world’s leading managers.
Highlights:
- Why investing is ultimately a people business.
- The patterns Scott learned from evaluating thousands of investment firms.
- Why the best GPs combine confidence with humility.
- How Scott recognized exceptional managers before their track records made them obvious.
- The story behind Notre Dame’s decades-long relationship with Sequoia Capital.
- Why Scott was willing to pay premium carry for exceptional performance.
- Why capacity rights can be more valuable than lower fees.
- The number one mistake Scott believes ruins investment firms.
- Why many institutional portfolios are more diversified than they need to be.
- How experience makes great investors faster decision-makers.
Guest Bio:
Scott Malpass is Co-Founder and Managing Partner of Grafton Street Partners. Previously, he spent 32 years as Chief Investment Officer of the University of Notre Dame, where he built one of the country’s most respected institutional investment programs and also served as an Adjunct Professor of Finance at the Mendoza College of Business.
Are you interested in sponsoring the How I Invest Podcast? Please email David Weisburd at [email protected].
We’d like to thank AlphaSense for sponsoring this episode!
Sponsor:
AlphaSense is the AI-powered market intelligence platform trusted by 85% of the S&P 100, helping investment professionals make faster, more confident, data-driven decisions. Built for hedge funds, asset allocators, private venture capital firms, and investment bankers, AlphaSense uses advanced AI and powerful search across premium proprietary content to surface the insights that matter most—before the market moves. Elevate your research and stay ahead of the competition. Visit https://www.alpha-sense.com/howiinvest/ to learn more.
Stay Connected with David Weisburd:
X/Twitter: @dweisburd LinkedIn: https://www.linkedin.com/in/dweisburd/ Weisburd Pierce: https://www.weisburdcapital.com/
Stay Connected with Scott Malpass:
LinkedIn:https://www.linkedin.com/in/scott-malpass-301545144/
Questions or topics you want us to discuss on How I Invest? Email us at [email protected].
Disclaimer:
This podcast is for informational purposes only and does not constitute investment, financial, legal, or tax advice. Nothing in this episode should be interpreted as an offer to buy or sell any securities or to participate in any investment strategy. All opinions expressed by the host and guests are their own and do not represent the views of Weisburd Pierce. Participants may hold positions or have financial interests in the companies, funds, or investments discussed. Any references to specific investments are for illustrative purposes only. Investing involves risk, including the potential loss of capital. Past performance is not indicative of future results, and any forward-looking statements are subject to risks and uncertainties. Any third-party data or opinions have not been independently verified. Listeners should conduct their own research and consult their own advisors before making any investment decisions.
Chapters
| 0:00 | |
| 3:18 | |
| 8:24 | |
| 12:05 | |
| 22:11 | |
| 30:13 | |
| 33:47 | |
| 41:06 | |
| 47:49 | |
| 1:01:00 |
Transcript
Loading transcript...