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

<p>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.</p> <p>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.</p> <p>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.</p> <p>Paul embodies the principals he preaches and offers some tasty food for thought.</p> <p><strong><u>Learn More</u></strong><br /> Read the <a href= "http://capitalallocatorspodcast.com/premium">Transcript</a><br /> Subscribe to the <a href= "http://capitalallocatorspodcast.com/contact">Capital Allocators Blog or Monthly Mailing List</a><br /> Don't Subscribe, but <a href= "http://capitalallocatorspodcast.com/contact">Let Us Know Who You Are</a><br /> Write a review on <a href= "https://itunes.apple.com/us/podcast/capital-allocators-with-ted-seides/id1223764016">iTunes</a><br /> Follow Ted on twitter at <a href= "http://twitter.com/tseides">@tseides</a><br /> Review past episodes of the <a href= "http://capitalallocatorspodcast.com/podcast">Podcast</a><br /> <br /> <br /></p>