Building a firm

30 interviews, newest first.

Spring 2026 Alec Henry & Adrian Meli Eagle Capital Management Interview, p. 5 ↗
Eagle's two CIOs on finding ideas through capital flows, why they're picky about accounting, and how they underwrite a CEO change. Danaher after the spin-offs and SAP get the stock-specific time.
Companies: Danaher, SAP International Accounting Spin-offs Building a firm
Spring 2026 Jeff O'Donohue Starfort Capital Management Interview, p. 18 ↗
A Los Angeles firm founded in 2015 that hunts for ideas in Japan and Korea. Jeff walks through Cuckoo and Tsubakimoto Kogyo and explains why he grades himself on doubling capital every 6 years.
Companies: Cuckoo Holdings, Tsubakimoto Kogyo International Asia Small caps Building a firm
Spring 2026 Kevin Salimian Voxel Capital Partners Interview, p. 55 ↗
A concentrated long-only fund launching in 2026 with AI at the center. Kevin covers position sizing, on-the-ground research and what AI means for software companies.
AI Technology Portfolio construction Building a firm
Fall 2025 Jillian McIntyre 221B Capital Partners Interview, p. 18 ↗
Jillian started 221B in 2024 after years at hedge funds and banks. She covers learning to short, her 5Ms framework, the Carvana call and a long case for Overstock.
Companies: Carvana, Overstock Short selling Technology Building a firm
Fall 2025 David Poppe Giverny Capital Asset Management Interview, p. 43 ↗
David co-founded Giverny Capital Asset Management in 2020. He talks about judging management and three holdings: Progressive, Arista, and Constellation Software after Mark Leonard.
Companies: Progressive, Arista Networks, Constellation Software Quality compounders Judging management Building a firm
Fall 2025 Andrew Rosenblum Bonsai Partners Interview, p. 57 ↗
Andrew went from short selling to studying 100-baggers. He explains his idea of barriers to investment and why he likes Fever-Tree after the Molson Coors deal.
Companies: Fever-Tree Quality compounders Building a firm
Spring 2025 Roger Fan RF Capital Management Interview, p. 19 ↗
Roger came in without the usual Ivy League and Goldman résumé and started RF Capital in 2017. He walks through Zengame, a Hong Kong-listed position, and Sprouts.
Companies: Zengame Technology, Sprouts Farmers Market Small caps International Consumer Building a firm
Spring 2025 Benjamin Beneche & Ramesh Narayanaswamy Tourbillon Investment Partnership Interview, p. 53 ↗
Tourbillon's three pillars (fulcrum assets, symbiotic loops and outlier management) and a long section on Nintendo and the Switch 2.
Companies: Nintendo International Portfolio construction Building a firm
Fall 2024 Kevin Tanner SaratogaRIM Interview, p. 19 ↗
Kevin founded SaratogaRIM in 1995. He covers how he tests for a competitive advantage, valuation and sizing, and how he hires and trains analysts.
Moats Quality compounders Building a firm Career advice
Fall 2024 Elie Mishaan Bryant Street Capital Management Interview, p. 48 ↗
Elie came out of Lehman's M&A program and Corsair, where he covered companies going through change. He walks through Installed Building Products and SPX.
Companies: Installed Building Products, SPX Technologies Special situations Building a firm
Spring 2024 Jennifer Oppold Alpine Peaks Capital Interview, p. 5 ↗
Jennifer started Alpine Peaks in 2017 after a decade at Select Equity. She runs long/short and long-only books and walks through Inter Parfums, HEICO and Trex.
Companies: Inter Parfums, HEICO, Trex Quality compounders Short selling Portfolio construction Building a firm
Spring 2024 Adam Patinkin David Capital Partners Interview, p. 24 ↗
David Capital started in 2011 with $2 million. Adam explains his supply-side approach to shorts, with Brown-Forman as the example, and his value-plus-catalyst longs: Vistry, eDreams and Lifecore.
Companies: Brown-Forman, Vistry, eDreams ODIGEO, Lifecore Biomedical Short selling Special situations International Building a firm
Fall 2023 Ric Dillon, Jenny Hubbard & Brian Hilderbrand VELA Investment Management Interview, p. 21 ↗
The VELA team on their research process, what they look for in analysts, and three holdings: BWXT, Casey's and Kirby.
Companies: BWX Technologies, Casey's General Stores, Kirby Quality compounders Building a firm Career advice
Spring 2023 Matthew Sweeney Laughing Water Capital Interview, p. 36 ↗
Matt started Laughing Water in 2016 to run a concentrated small-cap book. He explains how he answers 'why does this opportunity exist?' and walks through Avid Bioservices, Thryv and Hilton Grand Vacations.
Companies: Avid Bioservices, Thryv, Hilton Grand Vacations Small caps Special situations Building a firm
Fall 2022 Connor Haley Alta Fox Capital Management Interview, p. 20 ↗
Connor started Alta Fox in 2018 to invest in small, overlooked companies. He talks about what he took from Joel Greenblatt, the capital allocation mistakes he sees, engaging with management, and his IDT thesis.
Companies: IDT, XPEL Small caps Activism Judging management Building a firm
Spring 2021 Brian Bares Bares Capital Management Interview, p. 4 ↗
Brian Bares on running a concentrated small-cap book: heavy qualitative research, no screens, and positions that can reach 15%.
Small caps Portfolio construction Building a firm
Winter 2021 Arthur Young Tensile Capital Management Interview, p. 4 ↗
Arthur was a litigator in Miami before he became an investor. He explains how that helps him study problems after they show up, and walks through Avalara, Valvoline's quick-lube business and Dick's Sporting Goods.
Companies: Avalara, Valvoline, Dick's Sporting Goods Special situations Technology Building a firm
Winter 2021 John Huber Saber Capital Management Interview, p. 29 ↗
John runs Saber on the original Buffett Partnership fee structure: no management fee. He goes deep on Etsy, explains how he thinks about Apple, and why he owns NVR.
Companies: Etsy, Apple, NVR Quality compounders Building a firm
Spring 2018 Rishi Renjen ROAM Global Management Interview, p. 1 ↗, continues p. 40
Rishi was about to launch a concentrated long-short fund focused on single-name shorts. He talks about learning from Lee Ainslie and Larry Robbins and why he teaches two classes at Columbia.
Short selling Building a firm Career advice
Winter 2018 C.T. Fitzpatrick Vulcan Value Partners Interview, p. 1 ↗, continues p. 27
C.T. moved from strict value investing to what he calls a sustainable margin of safety. He keeps an MVP list of great businesses and waits for the price.
Quality compounders Building a firm
Fall 2017 Jeremy Weisstub & Damian Creber Aryeh Capital Interview, p. 1 ↗, continues p. 27
The two founders of Aryeh in Toronto on investing through cycles, deciding when to dig deeper or move on, and why they dug deep into ServiceMaster.
Companies: ServiceMaster Special situations Building a firm
Winter 2017 Simeon Wallis ValorBridge Partners Interview, p. 1 ↗, continues p. 23
ValorBridge redeploys cash from its main operating company, ApolloMD, into public and private investments. Simeon explains how that flexibility works.
Companies: ApolloMD Private equity Building a firm
Fall 2016 Chris Weldon Stamina Capital Interview, p. 1 ↗, continues p. 35
Chris on launching Stamina, moving from analyst to portfolio manager, and owning compounders and businesses in a quality transition for a long time.
Quality compounders Building a firm
Spring 2016 Alex Magaro Meritage Group Interview, p. 1 ↗, continues p. 14
How Meritage got started, TransDigm as the business that looked worse than it was, and why beer distribution was worth giving up some liquidity.
Companies: TransDigm Quality compounders Private equity Building a firm
Winter 2016 Jon Salinas Plymouth Lane Capital Interview, p. 1 ↗, continues p. 39
Jon on the mentors and approaches that led him to start Plymouth Lane, and two ideas: DHX Media and Sequential Brands.
Companies: DHX Media, Sequential Brands Group Small caps Building a firm
Fall 2015 Hugh Wrigley, James Ferguson & Andrew Burns Global Endowment Management Interview, p. 1 ↗, continues p. 38
The GEM team on pay in the investment business, the value of being able to invest in small corners, and the risks of moving from analysis to management.
Building a firm Career advice
Fall 2014 Guy Gottfried Rational Investment Group Interview, p. 1 ↗, continues p. 14
Guy learned under Bruce Berkowitz at Fairholme before starting Rational in 2009. He talks about partnering with strong management and keeping his discipline.
Judging management Building a firm
Spring 2014 Philippe Jabre Jabre Capital Partners Interview, p. 1 ↗, continues p. 4
Philippe started in convertible arbitrage in the 1980s. He explains how convertibles have changed, the move into equities, and what it takes to start a fund today.
International Building a firm
Winter 2014 Lee Ainslie Maverick Capital Interview, p. 1 ↗, continues p. 18
Lee on founding Maverick in 1993, hiring analysts and organizing sector teams, and a candid account of a 1995 merger investment that taught him management matters more than strategy.
Building a firm Judging management Career advice
Fall 2010 Danilo Santiago & Claudio Skilnik Rational Asset Management Interview, p. 2 ↗, continues p. 24
Two CBS alumni engineers from São Paulo run a long-short fund on a fixed universe of 85 companies that mirror the US economy.
Portfolio construction Building a firm