At Depth with Ben Rodgers and Guests
This episode of the At Depth podcast, hosted by Ben Rogers, features Marc Bathgate of 72 Partners and Distilled Alternatives. Marc, an alternative investments veteran with 17 years in the field, founded Distilled Alternatives and co-founded 72 Partners, which now has $3 billion in assets under advisement. Together they dive into the ideas of what makes alternative investments worthwhile. Marc, who considers himself a "Renaissance man," enjoys the novelty in investment strategies, along with the products that result from great effort. Here are the Main Takeaways: * The Significance of Alternative Investments: These investments are crucial for capital preservation during volatile market conditions, providing diversification beyond traditional assets (e.g., funds focused on electricity trading). Given that most rapidly expanding companies are now private, a long-term commitment to these investments is required to realize substantial returns. Furthermore, they can offer tax advantages. * The Investment Approach: Acknowledging that much of investment decision-making is rooted in emotion, often followed by data-driven justification, the role of an advisor is to address the emotional aspects, present objective facts, and establish prudent risk parameters. * The Art of Communication: Exceptional investors are skilled communicators who can simplify complex concepts. Since clients often have limited time, it is vital to condense all information into a cohesive narrative that provides them with a clear outlook on potential outcomes, both favorable and unfavorable. * Resilience and Recovery: Marc's guiding principle is "failing forward," attributing his recoveries to persistence. Effective recovery from failure demands humility, accountability for errors, and maintaining a positive stance toward resolution. He operates by the Stockdale Paradigm: "Confront the brutal facts of your current reality, yet never lose faith in the ultimate success of the endeavor." * Distilled by 72: This serves as 72 Partners' exclusive access platform for their premier fund and co-investment opportunities. * Focus on Brain Health: 72 Partners is engaged in a significant initiative centered on brain health, encompassing mental wellness and emerging neuro-technologies. Their objective is to "do good and make money" through both investment and philanthropic activities. For those interested in alternative investments, wealth management, or the brain health initiative, reach out via 72.co.
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