Capital Allocators – Inside the Institutional Investment Industry Jonathan Brolin – Edenbrook Capital (Manager Meetings, EP.14)
Oct 7, 2021
Join Ellen Ellison, former Chief Investment Officer of the University of Illinois Foundation, and Jonathan Brolin, founder of Edenbrook Capital, as they dive into the world of unconventional investments. They discuss the importance of trusting non-traditional managers and the lessons learned from investment mistakes. Brolin draws fascinating parallels between baseball and investing, emphasizing patience and analysis. They also explore strategies for building investor credibility, navigating market downturns, and fostering long-term partnerships for growth.
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Process over Performance
- Avoid short-term thinking by removing distractions like daily P&L tracking.
- Separate research discussions from portfolio management to maintain focus on company fundamentals.
Private Equity Lens
- Apply a private equity approach to public markets by focusing on a small number of companies and actively engaging with management.
- Seek long-term partnerships, not confrontational activism, to create value.
Concentration and Risk
- Concentration allows for deep knowledge and high returns from asymmetric opportunities.
- Control risk by focusing on price, understanding the position well, and active involvement.
