MacDonald: Investor Skill Cannot Overcome Cyclical and Secular Industry Declines
Lane MacDonald · Lane MacDonald – Teamwork, Alignment, and Investing at the Highest Levels at SCS (EP.483) · Jan 26, 2026 · at 18:19
Lane MacDonald, CIO of SCS Financial, discusses key investment lessons from his 13 years working as a private equity general partner across multiple sectors.
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“When an industry that is facing a cyclical and secular decline, which was happening in the late 2000, no matter how good an investor you are, it doesn't matter. I learned about You got to be picking the right sector, technology, healthcare, the importance of leaning into those sectors.”
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