Andre Perold - Lessons from an Investor-Teacher Legend - [Art of Investing, EP.10]

Our teacher today is Harvard Business School legend, Andre Perold. Born and raised in South Africa, Andre taught at HBS for over 30 years, earning numerous awards for both his research and teaching excellence. If you were an aspiring investor attending HBS, Andre's class felt like the only class that mattered. He co-founded HighVista Strategies, a now leading investment firm that has $10 billion of AUM and focuses on investing in structurally inefficient opportunities across both public and private markets. In this session, Andre deconstructs the concept of compounding with an appreciation for both the academic and practical components. It was such a privilege to have Andre joined us in class as he represents the pinnacle of investor-teachers. I hope you enjoy our class with Professor Andre Perold. For the full show notes, transcript, and links to mentioned content, check out the episode page HERE ----- This episode is brought to you by Summus. Summus is a revolutionary health benefits solution, driving superior employee engagement while dramatically lowering your company's enterprise-level healthcare spend. They're completely transforming the world of health benefits by providing employers and their employees in any location, fast access to over 5,100 of the top medical specialists from America's very best medical centers for support across all health questions. If you're looking for a benefit that drives your employee engagement, truly takes care of your people in their most scary and vulnerable times, all while improving your healthcare ROI, visit GoSummus.info/AOI. This episode is brought to you by Hunt Club. Hunt Club unlocks relationships and helps companies grow. Whether it's recruiting your next hire, landing your next big partner, or financing your business, a trusted introduction always works more effectively. Hunt Club’s tech-enabled search model leverages the largest community of its kind to refer amazing talent on your behalf. Additionally, its software program, Atlas, helps organize the entire network of a company or fund and assists in streamlining the right introductions. If you're looking for the ideal solution for all of your talent needs, visit HuntClub.com/AOI. ----- Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit staygrovey.com.  Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @ArtofInvest | @Buhrman_Rick | @PaulBuser | @JoinColossus Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00) Welcome to the Art of Investing (02:51) First Question - Andre's Teaching Philosophy and Approach (04:42) Historical Perspective on Compounding (09:41) Investing in Your Human Capital (14:34) Early Teaching Experiences and Insights (17:51) The Importance of Networking and Experiences in MBA (20:20) The Innate and Acquired Aspects of Teaching (22:51) The Genesis of HighVista Investment Firm (24:39) The Evolution of Institutional Investing (27:12) The Shift to Smaller, Inefficient Markets (37:42) The Opportunities in Biotech Investments (42:48) The Intersection of Academia and Investing (53:18) The Power of Diversification in Compounding (54:15) The Role of Human Capital in Success (56:38) Andre's Final Lesson For The Class