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Owen West

2nd in Command, West Children Subsidization, LLC

Owen West is a highly educated individual who pursued studies at prestigious institutions such as Harvard University and Stanford University Graduate School of Business.

With a strong background in various organizations, Owen has held key positions, including serving as the former Assistant Secretary of Defense at the United States Department of Defense.

His professional journey also includes roles as a Director at Positive Coaching Alliance and the Marine Corps Scholarship Foundation, showcasing his commitment to philanthropic endeavors.

Owen West's experience extends to the financial sector, where he worked as a Partner in Energy Trading at Goldman Sachs.

Additionally, he has a military background, having served as Infantry in the United States Marine Corps, displaying his dedication to serving his country.

Currently, Owen West is associated with XO at West Children Subsidization LLC, indicating his involvement in family-oriented ventures.

Highlights

Aug 30 · linkedin

The proposal by VP Harris to tax unrealized capital gains is distracting, poorly crafted, and unlikely to pass. The plan starts at $80m of "tradable assets." Rather than focus on a tiny subset of individuals with unknown second-order effects, congress could close institutional loopholes that have been studied for decades.

The first is the ability of congress to trade with inside information. I trade every morning. For two years, courtesy of Unusual Whales, I have run a side strategy that mimics congressional trading to compete against my own. My main strategy is up 15.5% YTD (below the 17.5% S&P - yet another year I learn the value of index investing). My congressional long only mimic, heavy on Pelosi but including my own mix of the most compelling insider trades, is up 27% YTD. After twenty years of discussion, congress must pass the STOCK act.

The much larger institutional loophole is carried interest. This is incentive compensation paid to private equity, hedge fund and venture capital managers at the long term capital gains rate (20%) instead of the marginal rate (37%).

For two decades, presidents and congress have highlighted carry as compensation. Legislation never reaches the finish line for the obvious reasons. An unusual alliance of senators from high tax high investment high royalty states has protected it each cycle.

When the debate started three decades ago, private capital markets were relatively small. Goldman analysts were not fixated on jumping to PE shops after 18 months of training. Today these funds are enormous. The country has benefited from their expansion, funding the best ideas and the best companies, today's economic engine.

But carry is comp, and should be taxed as such.

Aug 13 · linkedin

University athletics are uniquely American. Stanford-affiliated athletes overperformed in the Olympics, winning more medals than all but 7 countries. Stanford is rightly proud, but let's not forget the university tried to cut 11 Olympic sports just a few years ago.

Modern faculties are anti-athlete. They reject the truism that college sports teach lessons that cannot be imparted in the classroom. Administrators are reluctant to publicly advocate for their athletes, having come up in the system.

With the professionalization of football, basketball, and two or three other sports, administrative pressure to cut Olympic sports will resume at our universities.

Athletic directors should use the Olympic momentum to remind university presidents that their sports are a national treasure - and a critical ingredient to a thriving university culture.

Owen West
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Location

Menlo Park, California, United States