In this conversation, Matt Zumbach, Chief Investment Officer of the Baylor Oral Health Foundation, shares his journey into investing, discussing his early experiences, and his approach to evaluating investment opportunities.

Matt also provides insights into evaluating investment managers, recognizing red flags in pitches, and his perspectives on emerging investment opportunities.

They discuss:

• Myth about public and private endowments / foundations.
• Investment opportunities evaluation based on both story and numbers.
• Thesis-driven investing vs. opportunistic investing.
• Risk assessment in portfolio management.
• Goals-based rebalancing to significantly improve portfolio performance.
• Alignment of investment managers with their thesis.
• Red flags in investment pitches.

Links:

Matt on Linkedin: https://www.linkedin.com/in/matt-zumbach-cfa-b978764/

Austin on Linkedin: https://www.linkedin.com/in/austin-jia-cfa/

AllStreet Capital: https://www.allstreetcap.com/

Chapters

00:00 Introduction to Matt Zambach and His Journey

07:26 Understanding Portfolio Management Goals

09:39 Evaluating New Investment Opportunities

15:21 Thesis-Driven vs. Opportunistic Investing

20:39 Framework for Portfolio Construction

27:57 The Challenge of Personal Financial Goals

34:50 The Role of AI in Investing

39:13 Market Signals to Watch