Granahan Investment Management

40 years ago this month, was just the beginning of a journey rooted in curiosity, discipline, and an unwavering belief in the power of small & mid-cap companies. That same spirit drives us today. #SmallCapInvesting #SMID #Granahan40Years

Congratulations to our very own Jane White on being named an Influential Woman in Institutional Investing by Pensions & Investments!

Lesson #3 - Invest in Good Businesses, Not Stocks.  As a portfolio manager, a primary objective is to build and maintain portfolios that achieve long-term growth and stability for our clients. A cornerstone of this strategy is investing in secular growth companies that are innovative market leaders rather than merely focusing on individual stocks. These “good businesses” have sustainable competitive advantages, strong management teams, and robust financial health, which are essential for weathering market fluctuations and economic downturns. When we invest in such businesses, we are essentially partnering with companies that have a proven track record of generating consistent growth in revenue/profits, innovating within their industries or creating new ones, and providing value to their customers. This foundational strength translates into more predictable and reliable returns for our clients, reducing the overall risk in their investment portfolios. Furthermore, investing in good businesses rather than chasing stock performance allows us to use our disciplined, repeatable, long-term investment process. Stocks can be subject to volatile market sentiments and speculative trading, leading to short-term price swings that do not necessarily reflect the underlying fundamentals of a company. By focusing on the quality of the businesses themselves, we are less influenced by market noise and more attuned to the structural drivers that create long-term appreciation in their stock prices. This approach aligns with our fiduciary responsibility to our clients, ensuring that their investments are grounded in solid, well-managed enterprises that have the potential to grow and thrive over time. In essence, our commitment to investing in good businesses is a commitment to providing our clients with sustainable, long-term growth opportunities.  #janesinvestorplaybook #smallcaps #smallcapequity #institutionalinvesting (Note: This is a multi-part series where Co-Founder & CEO, Jane White shares her insights and learnings from over 40 years in the investment industry - including lessons from GIM's late founder, Jack Granahan. Please follow or visit our website for more information on Granahan Investment Management (www.granahan.com).

We absolutely love this podcast from LeifBridge & Shard Capital. Granahan Investment Management and Eagle Capital Management, LLC playing in midfield tandem together is absolutely fantastic. Thank you manager Ernst Knacke for the selection! Wishing everyone a happy and enjoyable Euros finals this weekend!

Welcome to our Granahan summer interns! This summer, Simeon, Dennis, and Ryan are joining our associates in Waltham to learn about the industry, our business, how to research and analyze companies, and to contribute their perspectives. We're glad you're here!

Last week, Jane White was invited to speak on a panel at The Center for Women and Business at Bentley University's 19th Annual “Gearing Up” Conference, fostering the growth and education of next generation of leaders in corporate settings. “It is inspiring to be in the room with so many high potential, intelligent women committed to excellence and leadership in their field. It was an honor to be there with everyone.”

Jane's Investor Playbook | Lesson 2: Know Yourself Cultivating awareness around our individual strengths and weaknesses, particularly as it pertains to stock picking, is key. Very early on in my career, Jack asked me to track my successes in order to identify why they were winners and what thought processes I went through to achieve successful results. Jack believed focusing on the positive was crucial to success. ·  What were my predilections? ·  Were they helpful or hindrances to my ability to identify good businesses? Asking yourself questions around why you make certain decisions and being aware of how you react in certain situations is important, both in life and with investments. I kept a journal about my decision making for many years, hoping to glean insight into both my strengths and my weaknesses. Keeping records and referring back over time helped give me confidence when making difficult decisions. While it’s important to focus on the winners, it was identifying my weaknesses that helped to make me a better investor. I would encourage you to surround yourself with people you respect, trust, and can ask for feedback on your biases, both positive and negative - and be open to their constructive criticism. It’s another path towards better stock picking. The study of behavioral economics has cemented the validity of analyzing your tendencies and identifying different techniques to safeguard against personal glitches. In the book “Thinking, Fast and Slow,” Dr. Daniel Kahneman writes about the psychology of judgement and decision making in great detail. I’d recommend you read it and use it to help you identify your unique strengths and weaknesses, in a similar way Jack had me track and better understand my own.  #smallcaps #USequities #smallcapgrowth #janesinvestorplaybook (Note: This is a multi-part series where Co-Founder & CEO, Jane White shares her insights and learnings from over 40 years in the investment industry - including lessons from GIM's late founder, Jack Granahan. Please follow or visit our website for more information on Granahan Investment Management (www.granahan.com).