David Barse: 30 Years, 3 Market Crashes, and One Academy Award-Winning Movie
Play • 49 min

If you have any concerns about our current financial markets, you need to hear from David Barse, CEO and Founder of XOUT Capital. With over 30 years of experience in the markets, including 25 years as a CEO for a firm with $31 billion assets under management, David has experienced two significant financial crashes firsthand, making the current his third. His advice will help you weather the days ahead.

David started as an attorney before the 1987 market crash, clerking first in bankruptcy court, followed by representing creditors in organizations. In positioning himself to assist the distressed security market, he was introduced to Marty Whitman, a broker-dealer. Together they launched Third Avenue Management, which David grew to have $31 billion in assets under management. That is until the 2008 crash wiped out around ⅔ of the assets.

He learned profound lessons from these two experiences and their aftermaths, such as the value of your reputation and the need for patience. David shares the three insights from his time as CEO of Third Avenue that helped him form XOUT Capital. Those insights can help your investment decisions in these markets.

David is also the executive producer of the Academy Award-winning documentary Summer of Soul. He shares why he waited 30 years for the right opportunity to back a film, why he chose that particular story, and how COVID-19 enabled them to add to the project. David was proud of the documentary's story and that it won recognition, but the moment was tarnished when Will Smith slapped Chris Rock immediately before their award presentation. He talks about repercussions and the need for perspective.

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