Podcasts Business Investing Capital Allocators – Inside the Institutional Investment Industry Paul Black - WCM Investment Management (First Meeting, EP.05)

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

Published: Aug. 5, 2019, 9:30 a.m.

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My guest on today\\u2019s first meeting is Paul Black of WCM Investment Management.\\xa0 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.\\xa0 At the time, WCM managed $26 billion and since then they\\u2019ve continued to perform and grow.\\xa0 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.\\xa0 His early career included positions at Wells Fargo Bank and Bank of America.

Our conversation starts with Paul\\u2019s 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.

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