Podcast: Value Investing with Legends—Compounding with Polen Capital

Listen to Large Company Growth portfolio managers Dan Davidowitz and Jeff Mueller’s discussion with Columbia Business School.

Columbia Business School’s Value Investing with Legends Podcast features some of the world’s greatest investors, their views on the investment management industry, how they developed their investment process and how they see the field changing over time.

In this episode, Focus Growth Portfolio Manager Dan Davidowitz and Global Growth Portfolio Manager Jeff Mueller share their back stories, investment insights, and why they believe Polen Capital’s investment philosophy is built to withstand the test of time.

Get to Know Portfolio Managers Dan Davidowitz and Jeff Mueller and their Path to Polen Capital (6:13)

  • What Dan’s first buy-side job taught him about value investing (7:54)
  • Why frustration led Dan to learn more about the modern approach to value investing (9:00)
  • Polen’s compounder approach to value investing (9:42)
  • The importance of being with an organization whose approach aligns with your investment philosophy (11:07)
  • How the events of September 11, 2001 re-routed Jeff’s career (12:15)
  • Why Jeff set himself the goal of attending Columbia University (13:02)
  • Jeff’s philosophy on wealth generation and investment (14:24)

Gain Insights into the Polen Capital Investment Philosophy (21:00)

  • What does value mean today (21:00)
  • The key elements to consider when analyzing compounders (24:32)
  • Why Polen doesn’t seek new investment opportunities based on economic trends (29:53)
  • Polen’s approach to quality analysis of potential investments (34:57)
  • Investing within a small pool of potential companies (40:22)
  • The never-ending quest for knowledge (42:51)
  • What moat attacks reveal about barriers to entry (44:53)

Learn Why and How Polen Capital Seeks to Build Resilient Portfolios (50:07)

  • Polen’s perspective on building resilient portfolios (50:07)
  • How the Polen Focus Growth portfolio has been adjusted in light of the coronavirus crisis (54:57)
  • The importance of Polen’s guardrails (57:44)
  • The changes to the Polen Global Growth portfolio in the current crisis (59:25)
  • Dan and Jeff’s outlook for the future of value investing (1:02:08)

Discover more about the
Polen Focus Growth and Polen Global Growth strategies.