Revisiting: A Successful Transition to Investing with Steve Young
The Important Part: Investing with Liz ThomasShow Notes
This episode originally aired on Feb 20, 2024.
Steve Young is most well known for his NFL accolades, but since his retirement from the 49ers he’s built another type of empire as Partner, Chairman and Co-founder of private equity firm, HGGC. In this episode, SoFi's Head of Investment Strategy Liz Thomas sits down with Steve to discuss his career transition into business, what it takes to evaluate a new investment, and what alternatives can bring to the game.
For more, read Liz’s column every Thursday at On The Money by SoFi, and follow Liz on Twitter @LizThomasStrat.
Notable mentions in the episode:
(00:41) Intro
(03:30) Transitioning from football into business
(08:19) Succeeding by harnessing vulnerability
(11:29) Steve’s advice for new investors? Be a forever student
(15:08) Private Equity vs. Public Market Investing
(17:05) Investment evaluation starts with the people in charge
(19:48) Staying patient as an investor
(22:20) Don’t just chase the success story
(23:41) How do you know when an investment has failed?
(26:33) The fine art of portfolio construction
(30:05) Where do alternatives fit into the equation?
(32:08) The Hot Minute
(34:28) Liz’s Takeaways
Additional resources:
On The Money: Sign up for SoFi's newsletter for intel, insights, and inspo to help you get your money right.
Investing 101 Center: At SoFi, we believe investing is for everyone — which is why we’ve created a hub with info for beginners and experts alike. Start exploring to get investment education, advice, resources, and more.
Wealth Investing Guide: Information you need to know to make your money work harder for you.
This podcast should be used for informational purposes only and not deemed as a recommendation. Our Automated investing is via SoFi Wealth LLC, and is a registered investment advisor. Our Active investing is via SoFi securities LLC, member FINRA/SIPC. For additional disclosures related to the SoFi Invest® platforms, please visit www. SoFi.com/Legal.
©2025 Social Finance, Inc. All Rights Reserved.
More from The Important Part: Investing with Liz Thomas
The American Dream used to feel within reach. But with rising housing costs and an uncertain job market, younger generations are questioning what financial success looks like and whether the traditional path still makes sense.
How does your relationship with risk affect the way you invest? Emma Grede and investor Rebecca Patterson join Liz Thomas to talk about money, risk-taking, and the experiences that shape the investors we become.
Artificial intelligence is changing cybersecurity on both sides of the fight.
Retirement planning can feel intimidating, whether you’re decades away or getting ready to make the transition. Jean Chatzky wants to make it feel a little more manageable.
Tony Robbins says the old investor playbook is changing.