[REPLAY] Paul Black and Mike Trigg – How to Build a $100B Money Manager (Capital Allocators, EP.227)

In this episode of Capital Allocators, host Ted Seides interviews Paul Black and Mike Trigg from WCM Investment Management, revisiting their firm's journey to becoming a $100 billion powerhouse. They discuss the unconventional strategies employed after a period of underperformance, emphasizing the importance of embracing change, fostering a healthy corporate culture, and prioritizing truth-telling. The conversation explores WCM's unique approach to hiring, integrating new team members, managing turnover, and transitioning leadership, highlighting the significance of vulnerability, continuous improvement, and a commitment to caring for others within the organization. They also share insights on avoiding the pitfalls that lead to the failure of many money management firms, focusing on succession planning and maintaining a culture of trust and collaboration.