{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Ignite & Scale - The Cambria Private Capital Podcast with Mike Allen","title":"Stuart Widdowson - The Public Market Private Equity Mindset","html":"","width":"100%","height":180,"duration":1439,"description":"Guest: Stuart Widdowson – Co-Founder & Fund Manager, Odyssean Capital🔍 Episode OverviewIn this episode, Mike Allen welcomes Stuart Widdowson, one of the UK’s most respected small and mid-cap fund managers and co-founder of Odyssean Capital. With over two decades investing across public and private markets, Stuart shares deep insights on valuations, market inefficiencies, and why applying a private equity mindset to listed companies is one of the most compelling strategies in today’s market.Mike reflects on a 20-year professional relationship with Stuart, from sell-side meetings to deep strategic discussions — and now, the evolution of Odyssean Capital’s highly engaged approach to unlocking value in underappreciated UK businesses.💡 Key Insights & Takeaways• Private Equity Discipline in Public Markets Odyssean applies a focused, hands-on, long-term approach – more akin to buyout investing than conventional portfolio management.• The UK Small-Cap Discount Stuart believes many UK smaller companies trade at 30%+ below intrinsic value, with potential for significant re-rating as capital returns to the market.• Static vs Dynamic Valuation It’s not enough to buy cheap – the true opportunity lies in owning businesses capable of compounding value over five to ten years.• Public vs Private – Valuation Inversion Unusually, private markets now pay premiums over public equities. Stuart views this as a temporary anomaly and a major opportunity for quoted investors.• Looking Ahead – The Next Decade of Opportunity Engaged ownership, operational improvement, and overlooked UK quoted niche global leaders that could define the next cycle for UK equities.🗣 Memorable Quote“The irony today is that private equity managers are paying premiums for businesses that listed investors are ignoring in plain sight.” — Stuart Widdowson📚 Resources Mentioned• Odyssean Investment Trust (OIT)• UK Small & Mid-Cap research on valuation gaps• Public vs Private return dispersion studies🔁 Connect &...","thumbnail_url":"https://img.transistorcdn.com/bS5q2m9uGUpvUHSzJ_mM__v1xrgK6WxoZeam7CZMzMc/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ5MTYzLzE3MDY1/MTkzNDktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}