Capital Allocators – Inside the Institutional Investment Industry [REPLAY] - Mike Trigg – Defying the Fade at WCM (Capital Allocators, EP.162)
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Feb 5, 2024 Mike Trigg, a partner and portfolio manager at WCM, shares insights from his journey in investment management. He recounts the near demise of WCM and its remarkable resurgence, focusing on the firm's innovative approach to analyzing competitive advantages and corporate culture. Trigg emphasizes the complexities of valuing growth companies, advocating for qualitative assessments over traditional models. Listeners also hear personal reflections from Trigg about hobbies that foster mental clarity, along with lessons on wisdom and relationships.
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Unconventional Start
- Mike Trigg's interest in investing began in college during the dot-com boom.
- He got a job writing for The Motley Fool after graduation, then transitioned to Morningstar as an equity analyst.
Morningstar's Moat Framework
- Morningstar's equity research approach emphasized identifying moats based on established sources.
- Their rating system considered moat strength and discount to intrinsic value.
Joining WCM
- Paul Black, impressed by Trigg's newsletter, recruited him to WCM.
- Trigg initially joined WCM believing it was a successful firm with strong potential.
