Structurally Agnostic
The title of this blog refers to the way in which I approach investing
I've had the great fortune of working with some of the great investors in the world, from my former employers at King Street Capital to my current partners at Raptor Group.
During that time, I've invested in everything from early stage venture capital to various claims in bankruptcy - and everything in between: equity, options, converts, bank debt, corporates, high yield bonds, distressed securities, derivatives such as credit default swaps, preferred stock you name it - I've probably seen it.
Through all of this, what I've come to realize is that the structure of the investment is far less important than knowing and understanding the companies you are investing in - understanding the strengths and weaknesses of the management team, understanding the market position of the company and what needs to be done to make it a success.
Most professional investing is stratified.
You are a growth stock manager, or a value manager. You are a corporate bond analyst or a distressed analyst.
In the venture world, people are stratified as angels, seed stage, growth investors or later stage investors.
Me, I'm structurally agnostic. A good investment is a good investment.