The Second Time I Met the Founding CEO of PAR

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Porter: I tell every employee apart, we work for our shareholders and in the end, it's their capital we're using to pay our salaries. "I always feel uncomfortable knowing less than the other guy," he says of his research process. Porter is a student of history who wants as much data as he can have but also knows what he isn't good at. The CEO has an upstate New York company with a terrible history of capital allocation.

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 @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership