Gregg Lemkau, the previous co-head of Goldman Sach’s funding banking division, likes golf. And in the event you play golf, he says it might assist your profession.
Lemkau left Goldman Sachs in November 2020 and is now CEO of MSD Companions, the funding agency tasked with diversifying the fortune of (M)ichael (S)aul (D)ell, founding father of… Properly, Dell. The pc firm. MSD isn’t technically a household workplace nonetheless, because it additionally invests exterior capital.
Lamkau spoke on the Capital Allocators podcast with Ted Seides earlier this week, and defined the profession advantages of his favourite recreation.
“It’s an effective way to spend 4 hours exterior,” Lamkau stated of golf, though he admitted that he nonetheless isn’t nice at it. He added that it “amazes” him how few individuals perceive golf’s worth in enterprise.
“I don’t care how sensible I might need been in any assembly, by no means as soon as did a consumer say “God, keep in mind that time we flipped by way of that blue e book, and also you took me by way of that DCF? Wasn’t that magical?”” He joked. “However the quantity of occasions I’ve heard “do you keep in mind that time we spent 4 hours on this golf course or that golf course?”
Lemkau stated golf can be good for studying about different individuals. It reveals you their temperament – “as a result of everybody hits a nasty golf shot” – it teaches you the way they deal with different individuals, and it tells you if somebody follows the foundations. “Do they cheat, do they deal with the caddy effectively, and have they got a nasty mood,” Lamkau stated. “You’ll be able to determine loads about an individual in 4 hours on a golf course.”
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