Wellington Management

“NinjaOne, the developer of an IT operations platform, raised $400 million in Series C extensions...at a $12.3 billion valuation.”

“Morgan had a crisis of confidence. He's not sure that he's going to be able to operate and be successful in this new go-go era... His direction to Bogle is, I want you to do whatever it takes to fix this firm.”

“Management companies of investment firms have phenomenal operating leverage... Unfortunately, that works in both directions. So if your assets under management ever start to shrink, that goes away very quickly.”