INVESTOLOGY · 2026-05-22 · 41 min
It’s great to be back on the podcasting seat! Watch it on YouTube or listen on every podcast app . This podcast is about gathering investment management intelligence. It’s not an investment podcast where we discuss macro itself. Yet macro matters. This was a rare opportunity to understand how it works for sophisticated hybrid investors, and what goes on behind the scenes by talking to Dylan Smith from ArcMacro ( Tangents on Substack). A few selected quotes from our conversation Macro for private market investors If you have in mind private market performance, […] it's long term and returns are driven by slightly different things, although they are affected by macro. We've re-looked at the economics toolkit. We've kept most of it, but we've shifted the focus to say, okay, we've got to be a lot more long term. We've got to be a lot more structural. That’s Dylan key differentiator. He’s serving private market LPs. But I think his framework is applicable to anyone with a longer term perspective. Signal vs. Noise - 2026 version Every time someone meets me for the first time, it's, "Oh, you're an economist.
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