[REPLAY] Ashby Monk – Investor Identity, Navigation, and Resilience (Capital Allocators, EP.312)

Capital Allocators is brought to you by AlphaSense. AlphaSense connects and accelerates every element of your research process, and I'm excited they chose to be our lead sponsor this year. One of the hardest parts of investing is seeing what's shifting before everyone else does. For decades, only the largest hedge funds could afford extensive channel research programs to spot inflection points before earnings and stay ahead of consensus. But channel checks are no longer the luxury they once were. They've become table stakes, and that's where AlphaSense comes in. AlphaSense is redefining channel research. AlphaSense channel checks deliver a continuously refreshed view of demand, pricing, and competitive dynamics, powered by interviews with operators across the value chain. Thousands of consistent channel conversations every month help investors spot inflection points weeks before they show up in earnings or consensus estimates. And the best part, these proprietary channel checks integrate directly into AlphaSense's research platform, which is trusted by 75% of the world's top hedge funds with access to over 500,000,000 premium sources. From company filings and broker research to news trade journals and more than 240,000 expert call transcripts. That context turns raw signal into conviction. The first to see wins. The rest follow. Check it out for yourself at alpha-sense.com/capital. Capital Allocators is also brought to you by SRS Acquium. Wanna make sure your M and A processes aren't stuck in the past? Partner with a company that's been defining the future of deal making for nearly two decades instead. When it comes to M and A innovation, SRS Acquium has reshaped the way that deals get done, streamlining processes for maximum efficiency and minimum headaches. Professional shareholder representation? Online m and a payments? Digital stockholder solicitation? SRS Acquium pioneered each and continues to set the bar for game changing innovation. So leave the days of disjointed deal management behind and define your future with SRS Acquium, the smartest way to run a deal. Learn more at srsacquium.com. That's srsacquiom.com. I'm Ted Sides, and this is Capital Allocators. My guest on today's show is Ashby Monk, the executive and research director of the Stanford Research Initiative on long term investing. Ashby has studied and advised the largest asset owners in the world for more than twenty years with a particular interest on how to improve outcomes for their beneficiaries and the world. Ash also serves as the head of research at Adipar, a fintech company that helps investors make smarter decisions. He's twice appeared on the show as the twenty ninth guest back in 2017, and again two years ago, and those conversations are replayed in the feed. Our conversation starts with a recent paper Ashby published called investor identity, the ultimate driver of returns. We discuss the descriptors of identity and enabling factors that determine each investor's fingerprint. From there, we dive into technology as an enabler and how technological innovation can improve returns. We then turn to ESG investing and another of Ashby's recent papers entitled, Submergence, …