Lane MacDonald – Teamwork, Alignment, and Investing at the Highest Levels at SCS (EP.483)

Lane MacDonald, CIO of SCS Financial and former Olympic hockey player, discusses his journey from professional sports to investment management. The conversation explores the key attributes that distinguish successful investors, emphasizing the importance of domain expertise, alignment, and a durable edge in increasingly efficient markets. Lane shares insights from his experiences at Harvard Endowment and the family office for Fidelity's owners, highlighting the drawbacks of institutional biases and the advantages of a nimble, team-oriented approach. He advocates for structural alpha through tax-efficient passive investing, co-investments, and seeding emerging managers, stressing the need for integrity and a long-term perspective in building enduring investment platforms.