Katie Koch - Be A Force Multiplier - [Art of Investing, EP.13]

Our teacher today is Katie Koch. Katie is the President and CEO of the TCW Group, a storied firm with over $200 billion in assets under management and a fascinating 50-year legacy as a pioneer in the investment industry. Katie just took the TCW reins in 2023 after more than 20 years at Goldman Sachs. She joined Goldman right after college as the self-proclaimed least capable person in the firm and rose to become chief investment officer of their 300-billion-dollar public equity business.  Katie has been a champion for expanding opportunities for students, and one initiative in particular is the Women's Investing Summit, which has become the preeminent all-female-led investing conference in higher education. With the sixth annual Women's Investing Summit on February 29th, we thought it would be fun to have Katie join us in the classroom to unpack her remarkable career. Please enjoy our class with the wonderful force multiplier, Katie Koch. Learn more about the Women’s Investing Summit.  For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Summus. Summus is a revolutionary health benefits solution, driving superior employee engagement while dramatically lowering your company's enterprise-level healthcare spend. They're completely transforming the world of health benefits by providing employers and their employees in any location, fast access to over 5,100 of the top medical specialists from America's very best medical centers for support across all health questions. If you're looking for a benefit that drives your employee engagement, truly takes care of your people in their most scary and vulnerable times, all while improving your healthcare ROI, visit GoSummus.info/AOI. This episode is brought to you by Hunt Club. Hunt Club unlocks relationships and helps companies grow. Whether it's recruiting your next hire, landing your next big partner, or financing your business, a trusted introduction always works more effectively. Hunt Club’s tech-enabled search model leverages the largest community of its kind to refer amazing talent on your behalf. Additionally, its software program, Atlas, helps organize the entire network of a company or fund and assists in streamlining the right introductions. If you're looking for the ideal solution for all of your talent needs, visit HuntClub.com/AOI. ----- Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit joincolossus.com/episodes.  Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @ArtofInvest | @Buhrman_Rick | @PaulBuser | @JoinColossus Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Art of Investing (00:02:38) First Question - ‘What Choice Would You Make If You Knew You Would Not Fail?’ (00:05:00) Katie's Childhood and Lessons from Parents (00:13:24) Her Experience at the University of Notre Dame (00:24:15) Katie's 20-Year Career at Goldman Sachs (00:36:16) The Importance of Mentorship and Sponsorship (00:41:18) Building Meaningful Relationships for Career Growth (00:43:24) The Transition from Goldman to TCW (00:48:15) The Importance of Humility and Collaboration in Leadership (01:01:35) The Significance of Diversity in Investment Firms (01:07:30) The Role of a CEO and Building a Successful Team (01:10:42) Transitioning from Investor to Operational Leadership (01:12:06) Differentiating an Investment Organization (01:15:59) Balancing Family and Career (01:22:24) Debrief From Patty Brady on the Women's Investing Summit