Interview with Dan Davidowitz of Polen Capital

Polen Capital's culture: radical candor, autonomy, mastery, purpose

Investing philosophy: competitive advantages, concentrated portfolios (20-25 stocks), position sizing

Large Company Focus Growth Strategy: 132 stocks in 35 years, largest position in Amazon

Risk management: eliminate risky businesses

Analysis of Visa, MasterCard, cyclicals

Team structure: meetings twice weekly, Polen One-Pagers

Learning from mistakes: conservative margin modeling

Investing spectrum: seek double-digit annualized returns

Selling criteria: valuation, trimming stocks

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Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.

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