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Okay. Welcome to first-time founders. I'm Ed Elson. Most of us don't think twice about the things that make our lives run.

High-speed internet, lights that switch on instantly, or even clean water from

the tap. But behind all of that is infrastructure, the invisible backbone of modern life. And while

most people ignore it, my next guest saw an opportunity hiding in plain sight. In 2011, he created an

investment firm focused entirely on infrastructure.

Today, his firm manages a $73 billion portfolio and has never lost money on an investment.

By investing in what others overlooked, he became a billionaire and proved that sometimes

the most seemingly boring bets deliver the most extraordinary returns.

This is my conversation with Michael Dorrell, CEO and co-founder of Stonefield.

Mike Dorrell, thank you for joining me.

Morning again.

Lovely to have you here.

Thank you for having me. It's a pleasure.

I hope you weren't offended by me saying that you bet on boring assets.

That matches my personality. So it's all good.

Okay, good.

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