{"id":966,"date":"2026-06-08T13:41:21","date_gmt":"2026-06-08T13:41:21","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=966"},"modified":"2026-06-08T13:41:21","modified_gmt":"2026-06-08T13:41:21","slug":"in-this-ai-driven-world-tod-boehly-has-spotted-the-best-test-for-leadership-someone-who-is-willing-to-say-i-dont-know","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=966","title":{"rendered":"In this AI-driven world, Tod Boehly has spotted the best test for leadership. Someone who is willing to say \u201cI don\u2019t know\u201d"},"content":{"rendered":"
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Tod Boehly\u00a0laughs when I put the point to him during\u00a0our\u00a0mainstage\u00a0interview\u00a0at SXSW London.\u00a0As a billionaire investor with stakes in Chelsea FC in London,\u00a0and the Los Angeles Dodgers (baseball) and Los Angeles Lakers (basketball)\u00a0in America,\u00a0he knows more than most about the perils of investing in sports teams.\u00a0\u201cRisky\u201d is a word often attached to the sector, given the vagaries of form and injuries.\u00a0<\/p>\n

Read more Jenn Landis rebuilt Citi\u2019s Wall Street credibility. Her reward: CFO of a $22 billion business<\/a><\/p>\n

Successful investing\u00a0in sport\u00a0needs a few things to be true to work, Boehly says.\u00a0\u201cThese are all giant brands, right?\u201d\u00a0he\u00a0says of his\u00a0sports\u00a0portfolio.\u00a0\u201cThey\u2019re\u00a0bigger than the underlying activity. The brand is global, the awareness is global, the\u00a0fan base is global.\u00a0They\u2019re\u00a0more than football clubs, right? They\u2019re lifestyles,\u00a0they\u2019re\u00a0entertainment platforms. Everyone wants something to root for\u2014and these give people\u00a0something\u00a0to root for.\u201d\u00a0<\/p>\n

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Sport, in a world of artificial intelligence and synthetics,\u00a0is\u00a0also very human, in all its brilliance and fallibility.\u00a0The final-minute\u00a0penalty miss will bring cheers of delight and groans of horror,\u00a0dependent on the team you support. AI finds such a random rollercoaster\u00a0of emotions\u00a0difficult to copy.\u00a0<\/p>\n

Which makes a wider point for Boehly,\u00a0who is\u00a0head of Eldridge,\u00a0the\u00a0global\u00a0asset manager and insurance holding company\u00a0which\u00a0owns Security Benefit and Everly Life\u00a0and\u00a0has stakes in\u00a0the film studio A24\u00a0(Marty Supreme<\/em>,\u00a0Beef<\/em>)\u00a0as well as across fintech, media,\u00a0and\u00a0retail.\u00a0In a world where significantly more of everyone\u2019s job can be done by AI assistants, the value of human interaction increases.\u00a0<\/p>\n

\u201cIf you\u2019re an investment advisor working with\u00a0a\u00a0client and you have 100% of your day or 100% of your year, how are you successful?\u201d\u00a0he\u00a0says.\u00a0\u201cYou\u2019re successful by being able to sit with people, because there\u2019s still no substitute for being one-on-one, being in person.\u201d\u00a0<\/p>\n

\u201cIf you can minimize the time that you have to spend on doing things that don\u2019t create that value [by using AI], then\u00a0[overall]\u00a0you\u2019re going to be able to create more value.\u201d\u00a0<\/p>\n

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When considering investments and whom to work with, Boehly says two things matter\u2014\u00a0the ability to say \u201cno\u201d and \u201cI don\u2019t know\u201d.\u00a0\u00a0<\/p>\n

\u201cIt was passing on the opportunities that really made me comfortable with Daniel [Katz, co-founder of A24] as a decision-maker,\u201d\u00a0he says. \u201cBecause\u00a0when you show up and\u00a0you\u2019re\u00a0excited and you\u2019re investing,\u00a0there\u2019s\u00a0just so much action and you want to be putting money to work.\u00a0So,\u00a0when you see someone who\u00a0says\u00a0\u2018that\u2019s a bad idea\u2019,\u00a0right off the chute, and\u00a0\u2018I don\u2019t want to get sucked into that\u2019,\u00a0[you\u00a0avoid a]\u00a0bunch of dogs.\u201d\u00a0<\/p>\n

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In\u00a0film, \u201cavoiding the dogs\u201d is the route to success.\u00a0In\u00a0the\u00a0growing world of\u00a0artificial intelligence\u2014with its always-on,\u00a0supportive tone encouraging us all towards false confidence\u2014being comfortable with the ambiguity of \u201cI don\u2019t know\u201d can also be a green flag.\u00a0<\/p>\n

Read more Novo Nordisk CEO looks beyond weight loss to longevity and\u00a0aesthetics<\/a><\/p>\n

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\u201cOne of the things I really like to see when you ask people a question\u2014and you can kind of tell\u2014is:\u00a0do they know the answer or are they just making stuff up?\u201d Boehly says. \u201cAnd,\u00a0if\u00a0they\u2019re\u00a0making stuff up,\u00a0it\u2019s\u00a0really easy\u00a0to see. So, for me, people who tell me\u00a0\u2018I\u00a0don\u2019t\u00a0know\u2019\u00a0right off the bat, I love. There\u2019s freedom in\u00a0\u2018I don\u2019t know\u2019.\u00a0Once you tell me you\u00a0don\u2019t\u00a0know, I\u00a0can\u2019t\u00a0keep pounding on you.\u201d\u00a0<\/p>\n

I talk to Boehly at a time when the\u00a0U.S. is enjoying a\u00a0\u201cgross optimism cycle\u201d.\u00a0The next 12 months are likely to see\u00a0three of the biggest IPOs in history (SpaceX, Anthropic,\u00a0and\u00a0OpenAI), raising more than $100bn dollars\u00a0and creating\u00a0valuations well into the trillions. Markets are at record highs.\u00a0The latest jobs figures from the U.S. defied expectations on the upside.\u00a0Investments in data centers and frontier technologies are counted in\u00a0the hundreds\u00a0of billions of dollars.\u00a0Many believe\u00a0Europe could do with a shot of the\u00a0\u2018energy medicine\u2019\u00a0so clearly\u00a0doing its job\u00a0across the Atlantic.\u00a0<\/p>\n

\u201cI think the U.S.\u00a0really has this mindset of\u00a0\u2018everything can be done, everything is possible,\u2019\u201d he says. \u201cEveryone\u2019s\u00a0worried about jobs getting lost, and\u00a0I think the reality\u00a0is that our tools are going to get better, and if our tools get better,\u00a0you\u2019re\u00a0going to be able to do more with the same number of people. Sure, there\u2019s\u00a0going to be wrecks\u00a0as a result of\u00a0leaning into it, but I think those wrecks\u00a0will get corrected so quickly. Our markets heal so fast, and our markets are so deep.\u201d\u00a0<\/p>\n

\u201cI think Europe\u00a0is still suffering from looking out of the rear-view mirror instead of looking at the front view.\u00a0They\u00a0have to\u00a0start thinking: \u2018How do we want to take\u00a0risk\u00a0again?\u00a0We\u00a0were\u00a0the number one risk-taking place in the\u00a0world.\u2019\u00a0And then,\u00a0basically, in my opinion,\u00a0the Second\u00a0World War happened, and we were told\u00a0\u2018don\u2019t have any arms,\u00a0the U.S. will take care of you\u2019.\u00a0And for\u00a075\u00a0years,\u00a0that\u2019s\u00a0been the case. Now\u00a0I think the mindset\u00a0has to\u00a0shift,\u00a0you\u2019ve\u00a0got\u00a0to take risk. If you look at the capital markets\u201470% of the market cap of the world is in America, and 5% of the population lives in America.\u201d\u00a0<\/p>\n

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According to Boehly, President Donald Trump has one key power which is why confidence in the\u00a0U.S.\u00a0markets and\u00a0across\u00a0American\u00a0businesses is brimming (to the point of hysteria, some suggest).\u00a0<\/p>\n

\u201cHe understands the value of\u00a0time,\u00a0the whole group understands time,\u201d Boehly says.\u00a0\u201cIf you go back to the early American founders, they were\u00a0businesspeople\u00a0that valued time, and my biggest frustration in the world is when people don\u2019t value time.\u201d\u00a0<\/p>\n

Time and chaos? \u201cDon\u2019t listen to what he says, but watch what he does, right?\u201d Boehly advises. \u201cAnd if you watch what he does without listening to all the \u2018go left, go right, go left\u2019 and you just watch him. I was taught when I was playing American football, never watch a guy\u2019s eyes, always watch his hips, he can\u2019t go anywhere without his hips, right?\u00a0So, to me, if you just cover your ears and\u00a0don\u2019t\u00a0listen to the day-to-day, but just watch, it becomes a lot\u00a0more calm.\u201d\u00a0Boehly leaves the\u00a0SXSW audience\u00a0with that\u00a0singular thought about the most\u00a0powerful man in the world. \u201cHips not lips.\u201d\u00a0<\/p>\n

Read more Iran fires missiles at Israel in first such bombardment since ceasefire as Trump says \u2018I\u2019m not happy about\u2019 Israeli strikes on Lebanon<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

When considering investments and whom to work with, Boehly says two things matter\u2014\u00a0the ability to say \u201cno\u201d and \u201cI don\u2019t know\u201d.\u00a0\u00a0<\/p>\n","protected":false},"author":1,"featured_media":965,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[],"class_list":["post-966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-letter-from-london"],"yoast_head":"\nIn this AI-driven world, Tod Boehly has spotted the best test for leadership. 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