PGA Players Podcast

Getting Elite Access to Private Investments | Aaron Goldberg | PGA Players' Podcast #12

Episode Summary

What are the risks and benefits of private market investments? How can you wade through the "locker room investment advice"?

Episode Notes

None of us are walking down the fairway bragging about the returns we got last year with an index fund, or the interest we are getting in our bond portfolio. Whether we should or not is another topic. But everyone seems to know someone that knows someone who can get them in on a private deal that is sure to have amazing returns with very little downside.

Private investing versus public investing is a very different endeavor. Over the next few episodes we will dive deeper into the types of private investments, when they may be appropriate, and why they should be considered. We will have experts in each segment join us to uncover the most important facts and questions to be considered around private investing.

Episode Highlights

(2:05) Defining the public market vs private market
(3:22) "In the short term, the stock market can be a voting machine, but in the long term it's a weighing machine." -Benjamin Graham
(4:14) Accessing outsized returns in private markets
(5:32) How the biggest and best venture capital and private equity funds are similar to the best college football teams
(8:26) What are the different types of private investments?
(9:22) Questions to answer before getting into private investments
(10:33) What are the risks to look out for? Liquidity, access, and lack of regulation
(14:35) When are these investments appropriate?
(16:21) Private investments towards the end of your athletic career
(17:48) What we're covering over the next few weeks

More info at pgaplayerspodcast.com