In this episode, Joel Palathinkal is joined by Ned Brines to discuss the intricacies of investment strategies and career development. Ned shares insights from his role at Arnell and reflects on his educational background and early career advice. They explore leveraging historical knowledge in investing, persistence in job hunting, and changes in recruitment practices. The conversation covers the importance of accountability, resilience, and work-life balance in investment roles. Ned highlights career progression, lessons from George Argyros, and family office strategies. They delve into asset allocation, manager traits, venture investments, and trends in real assets, concluding with an anecdote about Sam Zell. (0:00) Identifying value drivers and podcast introduction (1:00) Introduction of guest Ned Brines (2:46) Ned Brines on his role and achievements at Arnell (5:04) Educational background, career beginnings, and advice (7:41) Leveraging education and historical knowledge in investing (10:16) Entry into investment banking and persistence in job hunting (12:13) Recruiting changes, interview preparation, and decisiveness (17:33) Accountability and decision-making in investment roles (26:22) Challenges of resilience, work-life balance, and career expectations (29:58) Job hopping and skills for investment careers (36:27) Career progression and lessons in investment roles (41:32) Contributions of George Argyros and family office strategies (44:06) Asset allocation, non-correlated assets, and portfolio management (47:05) Traits of successful managers and fund alignment (49:17) Venture investments and hard assets (51:53) Trends in real assets and multifamily opportunities (54:11) Anecdote about Sam Zell and closing remarks