[REPLAY] Paul Black and Mike Trigg – How to Build a $100B Money Manager (Capital Allocators, EP.227)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.8 • 806 Ratings
🗓️ 27 October 2025
⏱️ ? minutes
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Summary
In this continued exploration of WCM, we start with the truly unique facts about the firm's rebirth a decade ago and turn to key features of its success, including embracing change, the importance of culture - alongside some characteristics of toxic cultures, hiring practices, telling the truth, integrating new team members, managing turnover, and transitioning leadership to the next generation.
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Transcript
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| 0:00.0 | Hello, I'm Ted Sides, and this is Capital Allocators. |
| 0:10.3 | This show is an open exploration of the people and process behind capital allocation. |
| 0:16.3 | Through conversations with leaders in the money game, |
| 0:19.1 | we learn how these holders of the keys to the |
| 0:21.9 | kingdom allocate their time and their capital. You can join our mailing list and access premium |
| 0:27.9 | content at capital allocators.com. My guests on today's show are Paul Black and Mike Trigg |
| 0:35.9 | from WCM Investment Management. Paul and Mike are both |
| 0:40.1 | past guests on the show who have taken an investment philosophy focused on culture and moat trajectory |
| 0:45.7 | to turn a once struggling boutique into a $100 billion powerhouse. Paul came on the show a few years |
| 0:52.8 | ago when WCM had quietly grown to $25 billion in |
| 0:56.6 | assets, and Mike joined a year ago to dive into their research process. Their colleague Mike |
| 1:02.1 | Tien shared another perspective earlier this year when he described applying WCM's moat trajectory |
| 1:08.2 | discipline to investing in China. In this continued exploration of WCM, moat trajectory discipline to investing in China. |
| 1:17.2 | In this continued exploration of WCM, we start with the truly unique facts about the firm's rebirth a decade ago and turn to key features of its success, including embracing change, |
| 1:23.4 | the importance of culture, alongside some characteristics of toxic cultures, hiring practices, |
| 1:30.0 | telling the truth, integrating new team members, managing turnover, and transitioning leadership |
| 1:36.1 | to the next generation. |
| 1:38.7 | Please enjoy this fascinating conversation about how to build a hundred billion dollar money manager with |
| 1:45.5 | Paul Black and Mike Trigg from WCM. |
| 1:50.4 | Paul, Mike, great to see you guys. |
| 1:52.6 | Great to see you. |
| 1:53.8 | Thanks, Ted. |
... |
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