Alan Waxman - Building Sixth Street - [Invest Like the Best, EP.433]

In this episode of Invest Like the Best, Patrick O'Shaughnessy interviews Alan Waxman, co-founder and CEO of Sixth Street, an investment firm known for its flexible, multi-strategy approach. Waxman discusses his early days at Goldman Sachs, the importance of unitizing risk and return, and Sixth Street's investment philosophy, which emphasizes entrepreneurial thinking and adapting to changing market conditions. He shares insights into notable investments like Spotify and Airbnb, highlighting the firm's ability to provide creative solutions and liquidity during challenging times. Waxman also elaborates on Sixth Street's unique structure, including the TAO vehicle, and its approach to team building, culture, and developing talent, emphasizing the importance of being an "investor-first" firm.