Granat: Lone Pine regrets selling Visa and MasterCard shortly after their IPOs
Kelly Granat · Kelly Granat - Investing At Lone Pine · Invest Like The Best · Mar 12, 2025 · at 39:24
Kelly Granat, Co-CIO of Lone Pine Capital, reflects on owning Visa and MasterCard at their IPOs and holding businesses with exceptional compounding models.
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“I mean, we owned both those companies at their IPOs and had meaningful positions and, you know, with the benefit of hindsight, never should have sold.”
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