Dan Roller, Founder of Maran Capital, discusses investing in buy-and-build compounders in public markets. Topics include long holding periods, value vs. growth debate, SPAC investments, and updating investment theses. He compares building investment knowledge to training for the Ironman and emphasizes the importance of research and choosing companies wisely.

Dan Roller, Founder and CIO of Maran Capital, discusses investing in buy-and-build compounders in public markets. Topics include: formation of Maran Capital, choosing hunting ground and creating structural advantages, researching and choosing companies to invest in, buy-and-build basics and examples, potential risks, value vs. growth debate, investing in SPACs, thesis drift and mental models.