<p>If you’ve recently had a liquidity event, inherited complexity, or are quietly wondering whether your portfolio is truly built for the next 30 years — this episode is essential listening.</p><p>In this conversation, Ian Macoun, founder of Pinnacle Investment Management, joins David Clark to unpack what actually drives sustained investment excellence — and what quietly destroys it.</p><p>With over $200 billion under management across 19 affiliates, Pinnacle has become one of Australia’s most successful multi-affiliate investment firms. But this episode is not about scale. It’s about structure, incentives, character, and long-term alignment.</p><p>For sophisticated investors managing significant capital, this discussion goes directly to the hard questions:</p><ul><li><p>Why do some fund managers endure for decades while others fade?<br></p></li><li><p>How do you distinguish confidence from dangerous ego?<br></p></li><li><p>Is private credit a structural allocation, or the next bubble?<br></p></li><li><p>How should wealthy operators think differently about portfolio construction?<br></p></li><li><p>What does AI mean for growth investing?<br></p></li><li><p>Where are private markets heading next?</p></li></ul><p>Ian’s philosophy is simple but demanding: excellence is the only standard.</p><p>And that applies to both managers and investors.</p><p><br></p>