"It's a very exciting time... 'Are we seeing a paradigm shift?' I think we really are. I think that the significance of this is potentially as important as when double entry bookkeeping was first proposed about 500 years ago... ultimately [blockchain] is going to make business much more efficient, and this is good for everybody."
- David Yermack, New York University (NYU) Stern School of Business
Tags: blockchain technology, economics, restructuring, debt, smart contracts, bitcoin, law, D.A.O., ethereum, hacking, monetary regulation
A conversation with John Lueken of CapWealth Advisors regarding his time at Goldman Sachs, his transition to CapWealth in Nashville, TN, the potential economic impact of the recent appointment of Steven Mnuchin to Treasury Secretary by Donald Trump, time-horizon arbitrage, analyzing sell decisions & portfolio changes, the wealth building power of compounding, giving oneself the freedom to make mistakes and learn from them, and advice to the next generation of investment advisors.
Biography: John joined CapWealth in April of 2014 as Chief Investment Strategist after a decade working with Goldman Sachs in their Manhattan offices.
CapWealth Advisors is an independent, SEC-registered investment advisor based in Nashville, Tennessee, providing wealth management services for individuals, families, foundations and institutions. With over $1 billion in assets under management and advisement, CapWealth is one of the nation’s leading independent wealth managers. As Chief Investment Strategist, John runs CapWealth’s Investment Committee and is Co-Portfolio Manager with firm founder, Tim Pagliara, on CapWealth’s concentrated equity models. CapWealth conducts extensive research and due diligence prior to partnering with their portfolio companies.
As vice president and equity analyst with the macro trading team of Goldman’s Securities division, John built, developed and traded unique custom solutions for client portfolios. Focused on researching and understanding global macro fundamentals and their impact on the equity and fixed-income marketplace, John identified sectors, industries and single stock investment ideas best positioned to capitalize on the changing macro environment. Additionally, he authored a daily morning perspective that was disseminated to over 700 colleagues and clients focused on flow-of-funds data, short-interest activity and single stock fundamentals.
John earned his BS from Washington University in St. Louis and his MBA from Columbia University. He holds his Series 7, 63, 55, 3, 25 and 65 licenses. He and his wife Samantha have a young daughter and son.
Randall Reese is the president and founder of chapter11dockets.com, an efficient and effective docket research tool with access to a database of more than 3.5 million pleadings from over 2,300 of the largest chapter 11 cases.
In today's episode, Randall joins me to discuss his report titled, "The Year in Bankruptcy Claims Trading: 2015," which has since been updated to include Q1-Q3 of 2016.
The report can be obtained at bit.ly/claims16
In this episode we discuss:
To follow Randall's insightful, long-form analysis in Turnarounds & Workouts: News For People Tracking Distressed Businesses, visit bankrupt.com/freetrial.
You can also follow Randall on Twitter @chapter11cases
Tags: Bankruptcy, Claims Trading, Investing, Lehman Brothers, Restructuring