David Morehead – Top Down Allocation at Baylor (EP.381)

This podcast episode explores the career journey of a finance professional, the approaches to investing in the ENF universe, portfolio construction strategies, Baylor's investment strategy, the complexity of portfolio categories, allocating to private investments, selecting investment managers, the importance of flexibility and humility in the workplace, understanding the character of managers, challenges and innovations in managing a portfolio, and insights and advice for university leaders. The speakers highlight the importance of understanding the unique language and vocabulary of each niche within finance and emphasize the need for flexibility, humility, and trust in building long-term partnerships with managers. They also discuss the challenges of managing liquidity needs, allocating to private investments, and handing off responsibility to up-and-coming analysts. The episode concludes with personal anecdotes and advice for listeners, including the importance of caution for people over 50 and the value of kindness, compassion, and embracing the unknown.