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Eddie Ramos: How AI Is Reshaping Investing and Boardrooms
Description
(0:00) Intro
(1:24) About the podcast sponsor: The American College of Governance Counsel
(2:11) Start of interview *reference to the BRI from LCDA
(3:54) Eddie's origin story
(6:27) Eddie's investment focus
(7:44) The rise of AI and its impact on him
(9:06) Eddie’s roles in investment over the past 35 years (as GP and LP).
(8:32) His current endeavors: 1) Board member in mutual funds (Calvert Funds); 2) Independent director and Chair elect of Global X Venture Fund; 3) Chief Strategy Officer at Leadview Capital; and 4) Advisor at Bullpen.ai
(19:38) Dealing with AI hallucinations (e.g. Sullivan & Cromwell example)
(23:13) Convergence of AI, ESG, and Governance: "It's dramatic"
(25:00) "Stocks will be tokenized, markets will be much more liquid." "Wall street is trying to put liquid claims on illiquid investments" *WSJ Nasdaq's Plan for 24/7 Tokenized Stock Trading
(31:20) Geopolitical Challenges in Investing and for Boards. *Example of Meta-Manus breakup. "We live in a selectively connected world."
(34:00) Politicization and social issues in corporations. Board Adaptation to Rapid Changes
(38:19) AI and Audit Committee Responsibilities
(40:30) Bridging the AI Knowledge Gap "Boards are under prepared." *References to Stanford GSB cases: Netflix Approach to Governance and the Artificially Intelligent Boardroom
(46:10) Changing Dynamics in Board Practices. "It's a matter of time before companies like SAP or Microsoft move into corporate auditing, or Amazon starts offering mutual funds. The incumbents just don't see it coming."
(47:10) Power Laws and Growth in Private Markets.
(50:31) Books that have greatly influenced his life:
- The Power Broker, by Robert Caro (1974)
- The Tipping Point, by Malcolm Gladwell (2000)
- U2 by U2, by Bono, The Edge, Adam Clayton, Larry Mullen Jr. with Neil McCormick (2006)
(52:56) His mentors.
(53:56) Quotes that he thinks of often or lives her life by: "Prioritize by impact" "Recognize the good in everyone"
(55:10) An unusual habit or an absurd thing that he loves: obsession with curating music playlists.
(55:06) The living person he most admires: Bono and Bad Bunny.