4 Lesson's From Hedge Fund Manager Lee Ainslie III

4 Lesson's From Hedge Fund Manager Lee Ainslie III

Mckinsey conducted an interview with Lee Ainslie III, the managing partner of venerable long short equity hedge fund, Maverick Capital. During the interview the investor shared several insights into how his firm approaches investing in companies both on the long and short side. Four key insights from the interview are discussed below:

Focus On The Business

“First and foremost, we’re trying to understand the business”. At Maverick, the focus is on initially getting a grasp of what exactly the company does. How and why they grow, whether its sustainable or not, and how they utilize the capital that they generate. The goal at Maverick, according to Mr. Ainslie is to know more about each...