Transcript
Introduction
Rick
Our teachers today are Daniel Eisen and Paul Yancich, co-founders of Arcadea Group, a private market long-duration investor building a permanent home for high-quality vertical market software companies. Many years ago, Paul and I were meeting with Steve Mandel, Founder of Lone Pine Capital and someone who the legendary Julian Robertson once called perhaps the greatest analyst of all time.
At any rate, as we were accustomed to doing, we asked Steve for his advice on how we could be better at our work, which back then primarily related to fund investing. He said without flinching that our job as he saw it was not to find the Lone Pines of the world, but rather to find the next generation of Lone Pines, who today would go unnoticed by most investors who are more drawn to establish blue-chip firms and long proven track records.