Paul Black - WCM Investment Management (First Meeting, EP.05)

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 principles he preaches and offers some tasty food for thought.
Subscribe to the mailing list: capitalallocat...
Access Transcript with Premium Membership: capitalallocat...
Subscribe on Apple Podcast: podcasts.apple...
Follow Ted on Twitter: / tseides
Follow Ted on LinkedIn: / tedseides
Original Publish Date: 08/04/2019

[@TonyaMartin-b7c]

Jones Thomas Harris Kimberly Thompson Joseph