How She Became One of Wall Street’s Most Successful Investors

Keri Findley, founder of Tacora Capital and a former partner at Third Point, details her trajectory from building a structured credit business during the 2008 financial crisis to navigating high-stakes litigation and reputational challenges. The discussion centers on the mechanics of mortgage-backed securities, the intense pressure of hedge fund environments, and the critical importance of ethical resilience in finance. Findley recounts the personal and professional fallout from a misleading Bloomberg report regarding an SEC investigation that never materialized, highlighting the betrayal of fair-weather associates and her subsequent legal philosophy of "drawing a line in the sand." She shares insights into her partnership with Peter Thiel, who provided the anchor investment for her fund, and critiques the "fake it till you make it" culture of Silicon Valley. The conversation concludes with an analysis of private credit market stability and the necessity of protecting employees from predatory financial engineering.