Capital Allocators – Inside the Institutional Investment Industry [REPLAY] - Mike Trigg – Defying the Fade at WCM (Capital Allocators, EP.162)
Sep 6, 2021
In this captivating discussion, Mike Trigg, a partner and portfolio manager at WCM, shares insights from his journey in the investment world. He reflects on WCM’s remarkable growth from a near-collapse to thriving with over $66 billion in assets. Key topics include the analysis of company moats and cultures that drive competitive advantages. Mike emphasizes the importance of resilience in investing, the evolving strategies for growth, and the personal practices that fuel his success, including cooking and self-awareness strategies.
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Joining WCM
- Mike Trigg was contacted by Paul Black after subscribing to his newsletter.
- Trigg joined WCM, drawn by Black's vision and the firm's culture.
WCM's Early Challenges
- Initially, WCM seemed successful, but Trigg soon realized the focus wasn't investor-first.
- The firm's performance suffered, leading to internal tensions and a shift in strategy.
WCM's Decline and Resilience
- WCM's assets plummeted by over 75% during a period of underperformance.
- Despite the challenges, no one left the firm, and they learned from their mistakes.
