Jenny Heller is the President and Chief Investment Officer of Brandywine Trust Group.  Brandywine formed 25 years ago to manage the capital for a small group of families that all share a long-term, multi-generational time horizon. Today, it oversees almost $9B for those same families, much of it from compounding over a quarter century. The Group invests flexibly across asset classes, with a focus on partnering with people who they believe have sustainable competitive advantages, share their long-term vision, and have highly aligned interests.  These elite managers often start with great ideas, but limited capital.  Before taking the helm at Brandywine five years ago, Jenny worked at the Sloan Foundation, Stanford University Management Company, and Merrill Lynch in its investment banking program. She is a graduate of Williams College, where she serves on its Investment Advisory Committee, and Stanford Business School. Our conversation starts with Jenny’s frustrating experiences with a non-profit micro finance in India and South Africa and turns to her career allocating money on behalf of non-profits and families. We touch on subtleties in picking managers for taxable investors, challenges in executing a long-term strategy, learning from mistakes, and mentorship. Jenny’s clear and deep thought process provides pearls of wisdom throughout our conversation. Learn More Subscribe: Apple | Spotify | Google   Follow Ted on twitter at @tseides or LinkedIn Subscribe Monthly Mailing List  Read the Transcript 

My new book – Capital Allocators:  How the world’s elite money managers lead and invest – releases tomorrow. I’ve been on a bit of a podcast tour the last few weeks, appearing on some of my favorite shows. I thought it would be fun to share an interview about the book here, so I asked Patrick O’Shaughnessy to interview me for the show.   Our conversation covers the journey of the podcast itself and lessons from the book about interviewing, leadership and investing.   Pick up a copy at Amazon, and if you like what you read, there’s more behind the podcast and the book.   All listeners can sign up for our free mailing list and receive a compilation of the top quotes from each of the first 150 episodes of the show.   And for those interested in more, our premium content includes a weekly email, further connectivity to guests on the show, and a whole lot more.   Sign up for both at capitalallocatorspodcast.com.   Learn More Subscribe: Apple | Spotify | Google   Follow Ted on twitter at @tseides or LinkedIn Subscribe Monthly Mailing List  Read the Transcript