Insights into Private Equity as a profession, what it takes to flourish and the secret sauce towards excellence in this profession. Sometimes it can be the little things that can make all the big differences.
Amit talks about what it takes to build a sustainable Private Equity business over the long term. He also talks about the criticality of apprenticeship in people growing to become effective investors. He talks about three things that investors need to get right (people bets, strategy bets and timing) and how that evolves over time. He also discusses what it takes to transition to Investing as a profession and how he evolved from Investor 1.0 to Investor 2.0 during his tenure at Bain Capital.
Ashish speaks about a few elements of an effective PE investor. 1) Having the conviction and independence of opinion yet have your ears to the ground 2) Being an effective macroeconomist and a historian 3) Being street smart and having your own intel (developing your own polygraph) 4) Staying the course. He speaks about how his education in liberal arts prepared him well for a career in Private Equity.