#45 The Chess Master

The "Behind the Balance Sheet" podcast features an interview with George Michelakis, a chess international master and founder of the Lasker Fund, a long-short equity hedge fund. Michelakis discusses his investment philosophy, which emphasizes governance, timing, and understanding both the business and market perception. He shares insights on short selling, risk management, the importance of accounting diligence, and the evolving role of technology and AI in investing, drawing parallels with the chess world's integration of technology. The conversation also explores the European market, portfolio construction, and the balance between data-driven analysis and human judgment in investment decisions.