David Clark chats to one of Australia’s most respected, and quietly one of its most exceptional, investors, Paul Moore, Founder and Chief Investment Officer of PM Capital.
For more than four decades, Paul has built a reputation for exceptional long-term performance, deep fundamental research, and a rare ability to remain steadfastly contrarian when markets become euphoric or fearful. His flagship Global Companies Fund has delivered a remarkable compounding track record, most recently over 26% per annum for investors over the last five years, achieved without owning the Magnificent Seven, a feat almost unheard of in today’s market environment.
Paul shares:
* The DNA of a great investor: why temperament, patience, and an ability to stand alone matter more than ever.
* Lessons from 40 years in markets, from running a US equity fund as a 20-something to navigating booms, busts, and every style cycle in between.
* Why value is the only thing that matters, and why so many investors misunderstand what “value” truly means.
* The psychology of contrarianism and how to maintain conviction when the world is telling you you’re wrong.
* Sector and stock opportunities he sees right now, including European banks, global industrials, drug companies, and high-quality franchises trading at meaningful discounts.
* His candid take on AI, FOMO, global imbalances, geopolitics, inflation, and why he believes investors need to temper return expectations in the decade ahead.
* Why he partnered with Regal, how it extends his investing life, and why he intends to keep managing money “until the day I die.”
Paul’s blend of humility, blunt realism, and deep conviction makes him one of the truly distinctive voices in global equity investing.
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David Clark chats to one of Australia’s most respected, and quietly one of its most exceptional, investors, Paul Moore, Founder and Chief Investment Officer of PM Capital.
For more than four decades, Paul has built a reputation for exceptional long-term performance, deep fundamental research, and a rare ability to remain steadfastly contrarian when markets become euphoric or fearful. His flagship Global Companies Fund has delivered a remarkable compounding track record, most recently over 26% per annum for investors over the last five years, achieved without owning the Magnificent Seven, a feat almost unheard of in today’s market environment.
Paul shares:
* The DNA of a great investor: why temperament, patience, and an ability to stand alone matter more than ever.
* Lessons from 40 years in markets, from running a US equity fund as a 20-something to navigating booms, busts, and every style cycle in between.
* Why value is the only thing that matters, and why so many investors misunderstand what “value” truly means.
* The psychology of contrarianism and how to maintain conviction when the world is telling you you’re wrong.
* Sector and stock opportunities he sees right now, including European banks, global industrials, drug companies, and high-quality franchises trading at meaningful discounts.
* His candid take on AI, FOMO, global imbalances, geopolitics, inflation, and why he believes investors need to temper return expectations in the decade ahead.
* Why he partnered with Regal, how it extends his investing life, and why he intends to keep managing money “until the day I die.”
Paul’s blend of humility, blunt realism, and deep conviction makes him one of the truly distinctive voices in global equity investing.
Ep 199: Marc Lasry - Private Equity’s Play in the World of Sport
Inside the Rope with David Clark
47 minutes 34 seconds
5 months ago
Ep 199: Marc Lasry - Private Equity’s Play in the World of Sport
In this episode of Inside the Rope, David Clark sits down with legendary investor Marc Lasry, co-founder and CEO of Avenue Capital and former owner of the Milwaukee Bucks. Lasry unpacks the explosive growth of private equity in the global sports industry—where financial returns meet passionate fandom.
From his journey as a Moroccan-born immigrant to building a $25 billion investment firm, Lasry offers a firsthand look at why sports franchises are no longer just vanity assets for billionaires, but a scalable, investable asset class ripe with opportunity. He shares how Avenue Capital approaches sports as a structured, revenue-generating investment with tangible upside through ticketing, sponsorship, and media rights. We explore his early bets on underappreciated assets like pickleball and women’s sport, and how digitisation, fantasy, and fan engagement are reshaping the commercial landscape.
This conversation is essential listening for investors seeking uncorrelated returns, exposure to global entertainment, and insights from one of the foremost minds in distressed debt and opportunistic investing.
Inside the Rope with David Clark
David Clark chats to one of Australia’s most respected, and quietly one of its most exceptional, investors, Paul Moore, Founder and Chief Investment Officer of PM Capital.
For more than four decades, Paul has built a reputation for exceptional long-term performance, deep fundamental research, and a rare ability to remain steadfastly contrarian when markets become euphoric or fearful. His flagship Global Companies Fund has delivered a remarkable compounding track record, most recently over 26% per annum for investors over the last five years, achieved without owning the Magnificent Seven, a feat almost unheard of in today’s market environment.
Paul shares:
* The DNA of a great investor: why temperament, patience, and an ability to stand alone matter more than ever.
* Lessons from 40 years in markets, from running a US equity fund as a 20-something to navigating booms, busts, and every style cycle in between.
* Why value is the only thing that matters, and why so many investors misunderstand what “value” truly means.
* The psychology of contrarianism and how to maintain conviction when the world is telling you you’re wrong.
* Sector and stock opportunities he sees right now, including European banks, global industrials, drug companies, and high-quality franchises trading at meaningful discounts.
* His candid take on AI, FOMO, global imbalances, geopolitics, inflation, and why he believes investors need to temper return expectations in the decade ahead.
* Why he partnered with Regal, how it extends his investing life, and why he intends to keep managing money “until the day I die.”
Paul’s blend of humility, blunt realism, and deep conviction makes him one of the truly distinctive voices in global equity investing.
