Mark Yusko – Think Piece

Featuring Mark Yusko

Real Vision favorite Mark Yusko, founder & CIO of Morgan Creek Capital Management, explains why 2016 is the year to focus on private investments, comparing the risks, liquidity, and returns of private and public companies and emphasizing that finding and nurturing talent in the private sector is the key to achieving success.

Published on
6 June, 2016
Topic
Micro, Liquidity, Macro
Duration
21 minutes
Asset class
Equities
Rating
86

Comments

  • PC

    Peter C.

    20 7 2016 04:36

    0       0

    Like some others have said below
    Morgan Creek Tactical Allocation Fund Class I return is -6% for Q2, -21% for yr, - 7% from inception. The miss from benchmark is from 8% to 19%. A complete performance disaster.

  • PM

    Peter M.

    3 7 2016 13:51

    0       0

    this is a interesting video, but looking at returns alone is only half of the picture. Risk adjusted returns is what you should look for bonds have lower returns than stocks but less volatility...which means you can leverage and get the same or higher returns. Also expectancy of a return should be equated : A high return with low prob of success is just as good as a low return with high prob...

  • JL

    Jordan L.

    26 6 2016 02:59

    1       0

    Full of absolutely incredible insight. When Mark effortlessly listed out the cycles of venture capital by starting with "the mainframe" I was floored.

  • BL

    Benj L.

    22 6 2016 21:28

    0       0

    👍

  • J

    Jason .

    9 6 2016 17:41

    2       0

    Private Equity
    -near perfect correlation with public markets over long term
    -persistence is top quartile managers has disappeared with growth in assets
    -compression between top and bottom quartile with growth in assets
    -incredibly expensive (5-7%) see Ludovic Phallipou
    -small buyouts have a beta of 1.6+

  • VP

    Vincent P.

    9 6 2016 15:38

    0       2

    Sure, just through your money down the Abyss!

  • sm

    sayit m.

    8 6 2016 18:48

    0       0

    Thanks, Spencer.

  • ND

    Nick D.

    8 6 2016 12:51

    9       2

    Its interesting how absolute and confident he is, and then you look at the returns... A little dissapointed someone like this is allowed onto the channel. These guys are dangerous with their perceived 'high level thinking' and garbage risk management.

  • OD

    Oleg D.

    8 6 2016 12:50

    2       0

    Can't fit much more wise advice in 20 min. Well informed. Watching it again.

  • SG

    Spencer G.

    8 6 2016 04:27

    3       0

    Sayit, it's Pierre Andurand (ex-Vitol guy).

  • S

    Sean .

    7 6 2016 21:40

    1       0

    Look at the flow of funds into direct lenders and PE... Private investment will eventually be "priced to perfection" in a NIRP/ZIRP environment. I agree with illiquidity as the last redoubt but let's not pretend that it is the be-all and end-all for investors.

  • sm

    sayit m.

    7 6 2016 20:54

    2       1

    What is the name o f the Energy Trader who made bullish comment on oil?

  • mj

    maria j.

    7 6 2016 19:47

    2       0

    Morgan Creek Tactical Allocation Fund Class I return is (-6.19) are you kidding me

  • mj

    maria j.

    7 6 2016 19:31

    4       0

    food inflation , healthcare inflation and rent inflation their is plenty of inflation

  • DW

    David W.

    7 6 2016 15:51

    2       4

    Yusko is awesome.

  • GR

    Gregory R.

    7 6 2016 14:45

    3       1

    I really enjoy Yusko. He gave a great fly-over of the investment landscape with a sage commentary on various types of terrain.

  • PH

    Philip H.

    7 6 2016 14:19

    15       1

    Mark is an awesome stategic thinker. I don't know where he gets the time to write his quarterly reports. The last one is required reading but make sure you have a good drink as a five act play has nothing on this one...