For the past few weeks, we have been discussing distinct elements of the investment process, and now we get to sit down with two friends and industry veterans to talk about it all. Many of you know both Jeff Cardon and Steve Salopek, both happen to come from the small-cap world and are long-time investors, portfolio managers, and leaders in the industry. They are both now retired, and with some time and space away from the industry, they have some interesting insights. Our conversation covers a whole lot, with great stories interwoven. We move from investment decision-making to structuring money management firms to teams, compensation and culture. What are we waiting for? Here’s Part 1 of our conversation... let's jump in.