Investor Mindset

How do you know if a private equity fund is worth investing in? What should investors check before trusting a fund manager with their capital?In this episode of Investor's Mindset, host Anton Saburov speaks with Jeffery Raju, Founder & CEO of Stonehill Business Services, about private equity investing, venture capital, investment risks, fund management, and the financial decisions behind successful investment firms.Jeffery brings nearly 15 years of experience in private equity and venture capital fund finance. After working in institutional fund administration, including roles at Cortland Capital Market Services and Standish Management, he founded Stonehill in 2021 to provide fractional CFO services and financial infrastructure to emerging PE and VC managers.Questions we explore:What is the difference between private equity and venture capital?How do private equity funds work?How can investors evaluate a private equity fund before investing?What should you look for in a fund manager's track record?Why are trust, relationships, and communication so important?How should private investors approach diversification?What is DPI (Distributions to Paid-In Capital), and why does it matter?Why can private equity and venture capital investments remain illiquid for years?What financial systems should new investment fund managers build?Why are governance and accounting policies important from day one?Jeffery also shares lessons from working with emerging investment managers, explains the challenges of fund operations, and discusses why building institutional-quality financial infrastructure can help investment firms grow.Whether you're a private investor, entrepreneur, limited partner (LP), or aspiring fund manager, this conversation offers a practical look at the financial side of private markets.About the guestJeffery Raju — Founder & CEO, Stonehill Business ServicesAbout the podcastInvestor's Mindset by KONE.club explores private equity, investment opportunities, business ownership, capital allocation, and the people building investment businesses.Website: https://kone.club/en/insights/private-equity-investing-jeffery-rajuWant to become a guest on the podcast? Contact: [email protected] episode is for educational purposes only and is not personalized investment advice.

Could AI compute become the next major commodity — like oil or electricity?In this episode of Investor Mindset, Anton Saburov talks with trader and investor Abhinesh Daas about the emerging world of compute futures, GPU pricing, AI infrastructure, and a potential new asset class built around the cost of artificial intelligence.As AI becomes a core operating expense for startups, enterprises, hedge funds, healthcare companies, and technology businesses, the cost of GPU compute and AI tokens could become increasingly important — and increasingly volatile.We discuss how futures and derivatives could allow companies to hedge their AI infrastructure costs, why professional traders and hedge funds may enter this market before most AI companies, and how a transparent compute market could change the economics of the entire AI industry.We also explore:• What compute futures are and why they could matter• How AI startups could hedge GPU and AI token costs• Why compute could become the “oil of the AI economy”• Nvidia’s pricing power and the comparison between Nvidia and OPEC• TSMC, Taiwan, ASML and geopolitical risks to the AI supply chain• Why hedge funds and Wall Street could be early participants• AI infrastructure investing and the future of GPU pricing• Open-source AI, Google TPUs, AMD and alternatives to Nvidia• Why Abhinesh expects volatility — and potentially a major reset — in AI compute prices• How individual and institutional investors could eventually participate• What the compute futures market could look like by 2030Abhinesh also explains how his investment strategy is changing: holding significantly more cash, reducing market exposure, and preparing for potential opportunities if AI infrastructure and compute prices experience a major correction.Investor Mindset explores how investors think, make decisions, manage risk, discover new investment opportunities, and adapt to changing markets.If you’re an investor, fund manager, founder, trader, or entrepreneur with an interesting investment story or perspective, follow Investor Mindset and reach out to join a future episode.Materials: https://kone.clubWant to be a guest: [email protected]

What does it really take to build wealth through U.S. real estate — without turning investing into another full-time job?In this episode of Investor Mindset, Anton Saburov talks with Roman Kirzhner, a full-time real estate investor with more than 20 years of experience.Roman started with single-family properties before transitioning into multifamily investing. Today, he works as a General Partner, invests alongside his partners, works with professional property management companies, and helps other investors understand both the opportunities and risks of multifamily real estate.We discuss:• Why Roman moved from single-family homes to multifamily properties• GP vs. LP investing and why Roman prefers being an operator• Why your partners can matter more than the property itself• Landlord-friendly vs. tenant-friendly U.S. states• Property management and why it can make or break an investment• Why liquidity is one of real estate’s biggest disadvantages• How Roman thinks about risk, cash flow, mortgages, and leverage• Why investors should build knowledge before looking for deals• Why doing 100 underwritings to find two good deals can be a great result• How AI tools can help with real estate research — and why you shouldn’t blindly trust them• Roman’s philosophy of making real estate investing as “boring” as possibleRoman’s core message is simple: don’t start by searching for properties. Start by building knowledge and surrounding yourself with experienced people.Investor Mindset is a podcast about how investors think, make decisions, manage risk, learn from mistakes, and build wealth over the long term.Hosted by Anton Saburov, founder of KONE.https://[email protected]

Welcome to Investor Mindset, a podcast hosted by Anton Saburov, founder of KONE.This podcast is my way of understanding one important question:How do investors actually think?Not only professional fund managers or Wall Street investors, but entrepreneurs, operators, and ordinary people who invest their own money, make mistakes, take risks, discover opportunities, and learn along the way.In each episode, I’ll speak with people who have real investment experience and explore:How they decide what is worth investing inHow they discover new investment opportunitiesHow they evaluate riskWhat happens when they lose moneyHow their mindset changes after mistakesHow investing affects the way they think about business and lifeI’m building this podcast partly for the audience — and partly for myself. I want to learn directly from people who have actually made investment decisions, experienced wins and losses, and developed their own way of thinking about money.If you have investment experience and would like to become a guest on Investor Mindset, apply here:https://cal.com/konevc/podcast-introYou can also contact me directly at:[email protected] is Episode 0.The first conversations are coming next.Welcome to Investor Mindset.