70 min listen
Paul Black - WCM Investment Management (First Meeting, EP.05)
FromCapital Allocators – Inside the Institutional Investment Industry
Paul Black - WCM Investment Management (First Meeting, EP.05)
FromCapital Allocators – Inside the Institutional Investment Industry
ratings:
Length:
57 minutes
Released:
Aug 5, 2019
Format:
Podcast episode
Description
My guest on today’s first meeting is Paul Black of WCM Investment Management. This show is a replay of our conversation on Capital Allocators last year, and has been one of the most listened to conversations with a manager on the show. At the time, WCM managed $26 billion and since then they’ve continued to perform and grow. Today, WCM oversees $40 billion and earlier this year announced the sale of a minority stake in their business to Natixis Investment Managers. Paul Black is portfolio manager and Co-CEO of WCM Investment Management, a $26 billion manager of global equities that he joined when it was a $200 million boutique in 1989. His early career included positions at Wells Fargo Bank and Bank of America. Our conversation starts with Paul’s trial-by-fire entry into the business and turns to growth stock investing, including defining a great growth company, searching for widening moats, assessing a culture tied to competitive advantage, creating a positive culture, learning from mistakes, identifying tailwinds, and protecting the downside. Paul embodies the principals he preaches and offers some tasty food for thought. Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast
Released:
Aug 5, 2019
Format:
Podcast episode
Titles in the series (100)
The Bet with Buffett (Capital Allocators, EP.05): Today’s show is a little different from my ongoing series of conversations with Capital Allocators. As you probably know, about 9½ years ago I made a bet with a certain Oracle, in Omaha, that pitted the performance of a group of five hedge fund of fun by Capital Allocators – Inside the Institutional Investment Industry