Rusty Guinn

Co-Founder and CEO

 @WRGuinn

Rusty Guinn is co-Founder and CEO of Second Foundation Partners, LLC, and has been a contributing author to Epsilon Theory since 2017.

Before Ben and Rusty established Second Foundation, Rusty served in a variety of investment roles in several organizations. He managed and operated a $10+ billion investment business, led investment strategy for the second largest wealth management franchise in Houston, and sat on the management committee of the 6th largest public pension fund in the United States.

Most recently, Rusty was Executive Vice President over the retail and institutional asset management businesses at Salient Partners in Houston, Texas. There he oversaw the 5-year restructuring and transition of Salient’s $10 billion money management business from legacy fund-of-funds products to a dedicated real assets franchise.

He previously served as Director of Strategic Partnerships and Opportunistic Investments at the Teacher Retirement System of Texas, a $12 billion portfolio spanning public and private investments. Rusty also served as a portfolio manager for TRS’s externally managed global macro hedge fund and long-only equity portfolios. He led diligence, process development and the allocation of billions of dollars across a wide range of indirect and principal investments.

Rusty’s career also includes roles with de Guardiola Advisors, an investment bank serving the asset management industry, and Asset Management Finance, a specialized private equity investor in asset management companies.

He is a graduate of the Wharton School, and lives on a farm in Fairfield, Connecticut with wife Pam and sons Winston and Harry. He serves as a member of the Board of Directors of the Houston Youth Symphony, and with Pam has been a long-time supporter and founding Friend of the Houston Shakespeare Festival. He plays guitar and drums on the worship team at his church in Connecticut, and dabbles in cooking, whisky, progressive rock and beating Ben at trivia.

Articles by Rusty:

Mailbag: Deadly. Holy. Rough. Immediate.

By Rusty Guinn | October 8, 2018 | 0 Comments

Responding to a reader query about the relationship between risk and return, and whether its theoretical foundation is still solid.

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Surprisingly Geometric

By Rusty Guinn | October 7, 2018 | 0 Comments

Whenever something is surprisingly geometric, it’s probably a good idea to take a step back and ask why. And even when we find some supporting truths, it’s a good idea to keep asking.

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The Power of ‘AND’, and the Walmartization of Advice

By Rusty Guinn | October 6, 2018 | 5 Comments

Behold, the Walmartization of Advice. It will lead to better outcomes for many investors. AND it will lead to worse outcomes for some.

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Stephen Fry and Mark Rylance engaging in Immediate Theatre

Deadly. Holy. Rough. Immediate.

By Rusty Guinn | September 26, 2018 | 1 Comment

It’s hard to be larger than life in a smaller than life world. It’s hard to be authentic in your art without being artificial. Good theatre does just that. We’re hoping to do the same in Epsilon Theory.

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Get well soon balloon

Notes From the Road: Roadkill

By Rusty Guinn | September 17, 2018 | 0 Comments

Part 2 of the Notes from the Road series, about the value of and problems with adaptive frameworks. In this installment, an exploration of……roadkill, and what evolution can tell us about our adaptations.

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Oscar Gamble

They Don’t Think It Be Like It Is, But It Do

By Rusty Guinn | September 7, 2018 | 0 Comments

In baseball and in investing and in life, we often miss the obvious truths that are staring us in the face. Sometimes that delusion is willful and sometimes it is accidental.

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Notes from the Road: Bayes and the Boreen

By Rusty Guinn | August 20, 2018 | 0 Comments

In Part 1 of his Notes from the Road series, Rusty takes us to Ireland. There he begins an exploration of path-dependence and priors in our thinking as investors and citizens.

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It Was You, Charley

By Rusty Guinn | July 16, 2018 | 0 Comments

Part 3 of the Three-Body Alpha series, written for anyone puzzled by value’s underperformance over the past NINE YEARS. Systematic value still works in markets warped by the Three-Body Problem, but works differently.

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Mental Toughness!

By Rusty Guinn | June 8, 2018 | 0 Comments

Investing requires mental toughness, but it doesn’t require us to pretend that we — or our colleagues — are invincible. More often, it instead requires us to acknowledge our weakness.

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The Acrobat and the Fly

By Rusty Guinn | June 1, 2018 | 0 Comments

Many of the memes that drive our political behaviors inherently push us toward Competitive Games and tribalism. Resisting these memes means losing both arguments and credibility – and we have to be willing to do both.

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