Carla Harris is a Senior Client Advisor at Morgan Stanley, the most recent of many posts in her 35-year career at the firm that included serving as Vice Chairman of Wealth Management, heading the Emerging Manager platform, and running deals for decades as an investment banker and capital markets professional. She is the author of three books about navigating careers and leadership, Expect to Win, Strategize to Win, and the upcoming Lead to Win, each of which contains lessons she dubs “Carla’s Pearls.” In the last few years, Carla added Board seats to her professional portfolio and currently serves on a host of Boards including SEO, Harvard University, Walmart, and MetLife. She’s also an accomplished gospel singer who has sold out shows in Carnegie Hall and the Apollo Theatre. Our conversation offers Carla’s pearls of wisdom in navigating a career from her earliest days on the Street. We cover her background, path to Wall Street, framing a personal narrative, learning what’s important to an organization, being authentic, taking career risks, and evolving multicultural opportunities in asset management. We then turn to lessons from Carla’s new book, from sitting in the Boardroom, and from a letter to her 25-year-old self. Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership    Show Notes (3:38) Carla’s background (10:56) Early career lessons (12:51) Expecting to win  (15:16) Adjectives of success  (19:11) Learning from relationships  (22:21) Being yourself  (27:41) Client dynamics in banking  (30:28) Engaging with ESG trends  (33:32) “Pearls” from Carla’s book  (35:21) Creating trust and leaders  (38:47) Experiences from the boardroom  (41:06) Growing communication abilities  (41:55) Closing questions 

Paul Enright is a private investor managing his own capital under single family office, Krainos Capital. Paul opened Krainos after a dozen years at Viking Global Investors, the multi-billion dollar long-short equity hedge fund that also has been one of the most successful breeding grounds for talent in the industry. He has a deep understanding of intricacies of long-short equity investing and a knack for explaining it well. Our conversation covers Paul’s career path to Viking, training while there, and advice to early-career investors. We dive into the distinction between business analysis and stock picking, and the importance of portfolio management to investment success. In the process, we discuss liquidity, shorting, portfolio rebalancing, incentive compensation, and market structure. We close with Paul’s approach to managing his own money and his answers to a terrific set of questions sourced from his Twitter feed before the show. Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership  Show Notes (3:11) Paul’s background  (8:11) Training at Viking  (10:02) Stock picking  (12:18) Business analysis  (19:54) Liquidity’s impact on valuation  (24:03) Dynamic portfolio management  (28:46) Rebalancing  (32:03) Long/Short Dynamics  (40:50) Compensation structures  (43:11) Current market structure  (50:29) Investment model as a family office  (53:05) Thoughts on Twitter (57:07) Growing skills as a young PM  (58:57) Advice to PMs in tough times  (1:01:48) Best questions to ask managers  (1:03:11) Closing questions