The thing that I've got wrong the most is in technology, investors need everything to be perfect. As a value guy, I've always said, it's so cheap. If it's 85 percent right, you'll get 85 percent of the multiple or the value. People want everything perfect. That was our business model owning Ferrari inside a Fiat. It's like we're never going to be able to buy a best-class software business at zero EV"
On today’s Manager Meeting, Savneet Signh interviews Adam Wyden. Savneet is the President and CEO of PAR Technology Corp, a $1.5 billion market cap public technology company, the Chairman of CoVenture, and a past guest on Capital Allocators earlier this year, sharing his unique perspectives as a successful operator and investor. Adam is the founder and Managing Partner of ADW Capital, a $350 million concentrated, small cap, long-biased fund he launched with $0.5 million in 2011. ADW’s largest position is PAR Technology. Their conversation covers the launch of ADW, the evolution of the fund’s strategy from activism to quality, research process, lessons learned, and opportunities going forward. Learn More Follow Ted on Twitter at
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