This Invest Like the Best podcast episode features an interview with Kelly Granat, Co-Chief Investment Officer at Lone Pine Capital. The conversation explores the evolution of investing, focusing on market structure changes, the rise of passive investing and algorithmic trading, and the impact of readily available data on investment strategies. Granat details Lone Pine's internal processes, including its collaborative research model and risk management approach, highlighting the firm's emphasis on deep fundamental research and long-term investment horizons. A key takeaway is Lone Pine's focus on identifying opportunities arising from changes in leadership and technological advancements, exemplified by their investments in companies leveraging AI and undergoing management transitions.