William Blair & Company

So getting into the show, we're looking back to episodes 285 through 288.

First up is what is really driving the pest market? This episode featured Tim Mulrooney of William Blair.

He was on the show talking about the current state and future prospects of the pest control industry.

And if you're confused about what a case-shaped economy is, we'll discuss it here.

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William Blair & Company LLC.

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working, you know, investment.

So I have a very close friend who is an investment banker at William Blair.

I'm not going to say his name because he's probably going to say some bullshit like, you're going to get me in trouble if you say my name.

He knows who he is.

This is part of the bundle of services that are offered.

Morgan Stanley and Goldman Sachs do have quality people, but They also charge for it, both in terms of direct fees and in terms of leaving more money on the table than, for instance, William Blair would typically offer.

I want to touch on long-term performance because you've looked at how companies perform on IPO day versus the longer term.

And you actually showed that IPOs issued during the hottest markets tend to have weaker long-term returns.

The average is a collapse.

I would not be comfortable saying that the market price is efficient.

But for the bigger companies going public with quality underwriters like William Blair, Goldman Sachs, etc., I think overall that the market gets it right.

That doesn't mean that sometimes, such as in 2021, there was too much enthusiasm for growth companies.

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For more content from William Blair Investment Management, visit us at im.williamblair.com.

This content is for informational and educational purposes only and is not intended as investment advice or a recommendation to buy or sell any security or to adopt any investment strategy.

Investment advice and recommendations can be provided only after careful consideration of investors' objectives, guidelines, and restrictions.

The views and opinions expressed are those of the speakers as of the date of this recording, are subject to change without notice as economic and market conditions dictate, and may not reflect the views and opinions of other investment teams within William Blair Investment Management.

Factual information has been obtained from sources we believe to be reliable, but its accuracy, completeness, or interpretation cannot be guaranteed.

Any discussion of particular topics is not meant to be comprehensive and may be subject to change.

Any investment or strategy mentioned herein may not be suitable for every investor.