The best deals aren't those unsellable teal crocodile loafers at the designer outlet on Black Friday that everybody is tempted to buy once or twice.

It's those scarce few great assets that come on sale very seldomly that you've got to jump at when you see.

I'm Ted Sides and this is Capital Allocators.

My guest on today's show is Adrian Melly, the co-chief investment officer of Eagle Capital

Management, a 36-year-old firm that manages $34 billion using a style agnostic, long-only strategy.

Adrian joined Eagle in 2008 from the hedge fund world and has helped build a team almost entirely

comprised of analysts with similar DNA. Our conversation covers Adrian's early passion for finding value, path to investing, and transition from the hedge fund world to Long Only at Eagle.

We discussed Adrian's rationale for moving towards Long Only, building a team of similar-minded analysts, finding a right to win, seeing around corners to identify outliers and research

non-consensus ideas, and constructing a portfolio.

Along the way, we discuss overcoming the challenges of active management, the growing

inefficiencies in the public markets, and exciting current and potentially future opportunities.

Before we get to Ted's interview, it's football season, which in my house also means it's

indoctrination season. Because let's face it, young minds are malleable. And when you've got

kids, you've got a once-in-a-lifetime chance to wire them the right way with your favorite football teams.

Just ask my four-year-old.

Go dogs.

Sick him.

Woo-woof.

Now that's an easy one.

The Georgia Bulldogs are a college football powerhouse.

Three national championships in recent years, tons of glory, who wouldn't want to be a dog's fame?

But on Sundays,

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