Episode · Invest Like the Best · 2018-02-27
Patrick O'Shaughnessy & Dan Rasmussen: books mentioned on Invest Like the Best #78
Dan Rasmussen - Private Equity Returns in Public Markets - [Invest Like the Best, EP.78]
It has been a while since we discussed private equity on the show, so I was excited for this week’s conversation. My guest is Dan Rasmussen, the founder of Verdad advisers.
Dan Rasmussen recommended Superforecasting by Philip E. Tetlock and others and Expert Political Judgment by Philip E. Tetlock, and discussed What Works on Wall Street by James P. O'Shaughnessy.
Books mentioned, in the order they came up
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What Works on Wall Street
Discussed“And so it should be no surprise that private equity firms choose things that have grown in the past and that growth rates mean revert a post-acquisition.”
Where to get it
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Superforecasting
Recommended“The single most influential thinker to me is Philip Tetlock. I mean, I think his book, expert political judgment, and then more recently, super forecasting, and he's one of Daniel Kahneman students.”
Where to get it
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Expert Political Judgment
Recommended“The single most influential thinker to me is Philip Tetlock. I mean, I think his book, expert political judgment, and then more recently, super forecasting, and he's one of Daniel Kahneman students.”
Where to get it
Other mentions in this episode (3) — ad reads, self-promotion and passing references, never counted
Passing What Works on Wall Street
“I mean, I can reference, I've got what works on Wall Street. I've got Wes Gray's book, Quantitative Value. I've got Tobias Carlisle's books.”
Passing Quantitative Value
“I mean, I can reference, I've got what works on Wall Street. I've got Wes Gray's book, Quantitative Value. I've got Tobias Carlisle's books.”
Passing The Bonfire of the Vanities
“And so I think it would be fun to write a book, you know, maybe, maybe not to bonfire the vanities, but maybe bonfire the bad ideas or something, and just talk about, because I think many, there's a great study”