Kristin Gilbertson - Risk, Resilience, and Returns

In this episode of the Value Investing with Legends podcast, hosts Tano Santos and Michael Mauboussin interview Kristin Gilbertson, Chief Investment Officer of Access Industries, about her career path and investment philosophy. Kristin shares insights from her early life and education, including her time at Harvard and her initial interest in economic development. She discusses her experiences at Corporate Decisions, Stanford, the World Bank, and the University of Pennsylvania Endowment, highlighting key decisions and lessons learned, such as navigating the 2008 financial crisis and the importance of quality investments. The conversation also explores the role of university endowment managers, portfolio construction, risk management, and career advice for students interested in wealth management. Finally, Kristin shares her current concerns about mega-cap stocks and her interest in tax-efficient ETF strategies, along with book recommendations for listeners.