Granat: Functional expert CEOs transforming deficient companies create magical investment opportunities
Kelly Granat · Kelly Granat - Investing At Lone Pine · Invest Like The Best · Mar 12, 2025 · at 35:07
Kelly Granat, Co-CIO of Lone Pine Capital, discusses Lone Pine's investment focus on executive leadership changes as a catalyst for company performance.
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“You change people, you change company. And so there are lots of examples of, in our history, of businesses that are good to great businesses that we feel have been under managed, and then somebody comes in who we know from a prior life or a prior existence, or we do a bunch of work on that person if we don't, and get super excited about their ability to transform. And to me, nirvana is when you have a company that is so deficient in a certain functional area, and then you bring in a leader who is an expert in that In that functional area, and it's like, that's magic, and we've seen this a bunch of times, and so those opportunities, I think, are super interesting.”
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