Mark Yusko is the Founder, CEO and Chief Investment Officer at Morgan Creek Capital Management, a company that provides investment management services to institutions and wealthy families. Prior to forming Morgan Creek, Mark was the President, Chief Investment Officer and Founder of UNC Management Company, the endowment investment office for the University of North Carolina at Chapel Hill. Prior to that, Mark was the Senior Investment Officer for the university of Notre Dame Investment office, where he joined as an Assistant Investment Officer in October of 2003.

We spend a lot of time talking about asset allocation, manager selection and portfolio construction, which are topics Mark is a true expert in. We also spend time discussing what Mark thinks makes a great investor, why he spends so much of his time putting his ideas into paper and sharing it with the world, and why he thinks institutions should include cryptocurrencies in their diversified portfolio.

This interview was broken down into two parts, so stay tuned for the second leg of the interview, which will be published in 2 weeks.

02:00 – Mark’s Background and his series of “happy accidents” 08:30 – Science Training and why he thinks it is a good background to have for investment professionals 12:00 – Lessons learned from Notre Dame and North Carolina 18:30 – Mark’s view on the endowment model 24:30 – Access vs. Capacity in Venture Capital 29:00 – How much GP Commitment is too much? 33:00 – How Mark assesses new investment managers

This is the first part of our two-part interview. If you like the conversation, check out the second part of the interview, which will be released in 2 weeks (or if you are reading this in the future, you can just go to the very next episode and you will be able to listen to our next conversation).

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Please keep in mind this is not investment advice. Full disclaimer at the end of the podcast. 

Luke, Leo & Andy