Darius Dale - Founder and CEO of 42 Macro #19

Darius Dale is the Founder and CEO of 42 Macro, an investment research firm focused on democratizing institutional-grade macro risk management frameworks and processes.  Armed with his passion for economics and markets, his incredible financial mind, and the noble mission behind 42 Macro, Darius has become a rising star in global finance.  He’s amassed a huge following and has become a sought-after voice for his clients and followers around the world who are trying to understand the fast-moving, ever-evolving macro landscape.

There are a bunch of reasons I wanted to have Darius on the show.  First of all, I think what he’s doing with 42 Macro is incredibly valuable.  Whether you are an investor or not, understanding what’s really happening in the global economy, at this level of sophistication and detail, is critical to the mission of citizenship, especially for those who wish to lead.  I think his macro frameworks are elegant and spot on and his commitment to Bayesian probabilistic thinking really helpful when dealing with something as complex as the global economy and investing in financial markets.

For investors, understanding the kind of work that Darius and his team do every day is a good reminder for just how serious of an endeavor this can be.  Investing is a way of life, not just something you occasionally do, and that message shines through in this conversation.

Finally, Darius is someone who is very much aligned with our mission of service here.  Not only is 42 Macro inspired by a noble intent but Darius is someone who is constantly looking to give back by supporting financial literacy programs and mentoring young people trying to improve their lives.  I know you all are going to walk away inspired when you hear how Darius transformed the trauma of some tough childhood experiences into a passion for being both successful and doing some good in the world.

Thanks again for tuning-in!

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Nick Halaris

I’ve been fascinated by investing for as long as I can remember. As a kid, I would read the Wall Street Journal, the Economist and Barron’s, pouring over the data tables, stories and interviews with a passion and an insatiable kind of curiosity. As I grew into adulthood, I struggled to find the right outlet and channel for this passion and spent much of my twenties wandering and trying out different things. I had a very brief career as an attorney, spent some time as a strategy and leadership consultant for big multinational companies, failed in an attempt to start a hedge fund, and even ended up helping run a scrap metal recycling operation for a while.

At the age of 30 though, I took my stand. I made up my mind that no matter what I was going to be an entrepreneurial investor. As crazy as it sounds, I owe everything in my life to this one foundational decision—even my amazing wife and my beautiful kids. I don’t think I would ever have met Alicia had I not made this one choice. At that moment in time, the financial world had just been devastated by the crash in the housing market and the near systemic failure of the global banking system that followed. I’ve always had a contrarian bent to my investment thinking; so, to me the carnage in real estate looked like an opportunity.

It all started with one house in Compton California. The business plan was simple: buy a distressed foreclosed home from a bank, bring it back to life with a big renovation and sell it to a first-time homebuyer. Things progressed slowly as they tend to do with real estate. In the first years of this, I think I did 6-7 homes. But then after plugging away day-by-day, suddenly it seemed, things just came together. I found the right investors and the right loans and the right deals and in just a few short years I ended up investing in over 100 such transactions, building a portfolio of almost 2,500 multifamily units and creating a fully vertically integrated real estate company with almost 100 employees.

Fast forward to today and I’m running the second evolution of my entrepreneurial investing career and having so much fun that I have to stop and remind myself that this is all real.

http://www.nickhalaris.com
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How being a Maverick Can Change Your Life #18