OM DENNE EPISODE
In this episode of the Planet MicroCap Podcast, I spoke with Shawn Behnam and Gabriel Etessami, Co-Founders of Garden Capital Management, for their first-ever investing podcast appearance.
We break down their S-curve framework for identifying technologies at the early stages of adoption, how they think about position sizing when the outcome is clear but the timing isn't, and why they run a concentrated portfolio in a space where most people default to diversification. We also get into their current conviction on energy infrastructure as an AI tailwind, a deep look at Joby Aviation and the eVTOL (electric vertical takeoff and landing) space, and where they think market consensus is simply wrong right now.
For more information about Garden Capital Management, please visit: https://www.gardencapitalmanagement.com/
Chapters:
00:00 Introduction to Garden Capital and the Podcast
02:06 Backgrounds of Shawn and Gab and their investment philosophies
06:55 The origin of their interest in equity analysis and early-stage tech
15:06 Understanding the S-curve and its significance in investing
21:10 Differentiating real inflection points from false signals
27:48 Managing uncertainty and sizing positions in long-term bets
32:10 Focus on smaller companies and the investment universe
38:09 Emerging themes like energy demand and quantum computing
41:51 Market consensus and identifying mispriced opportunities
49:59 The role of social media and fan engagement in investing
54:51 The importance of management quality and team alignment
01:01:52 Key experiences shaping their investment approach
01:02:53 How to find undervalued companies on the S-curve
01:04:11 Closing thoughts and contact information for Garden Capital
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