
Alternative Universe · 2024-03-19 · 27 min
Episode 014: Built on the bedrock of practical wisdom and a long-term perspective, Phronesis Fund believes in forging genuine partnerships rather than chasing fads. This commitment allows them to do more than invest. It's about building a foundation for shared success, thoughtful partnerships, flexible investment strategies, and a financial future as unique and enduring as the client. In this episode of Alternative Universe, Steve is joined by John Candeto, Founder and Managing Partner of Phronesis Fund. John shares his journey from operator to investor and explains how his background in building businesses has shaped his investing approach. He discusses his investment philosophy and the importance of practical wisdom in long-term investing. John also shares his insights on risk management, the power of curiosity and capability, and the power law in investing. Join us as we discuss: [01:42] - How Phronesis Fund got its name. [02:23] - What investment partnership means to John. [05:27] - How Phronesis Fund finds the best partners. [07:44] - The flexibility to invest in public and private companies. [11:20] - How John qualifies potential partners. [13:36] - The economy of time.