Artificial intelligence has become a large question mark over the future of many companies. It hit a public market that was rebuilt over 20 years to trade without an opinion or patience. The collision is mispricing the small group of companies that will matter most, more often and more sharply than at any time in my career. This is a map of what happened to the machinery of prices, and of the fundamental investing discipline that works within it.

Dakota Live podcast episode featuring Brandon Ladoff and Denmark Capital’s approach to building a challenger firm from the ground up.

There have been several recent earnings calls where management has attempted to cut through the noise and clarify why they believe their respective software companies are well positioned for an agentic future. Workday’s was the cleanest we’ve seen in framing the current software debate and boiling it down to what matters most.

In this next phase of a technological breakthrough, the great innovation we see starts to bring great questions. The market asks, just how big is this? And what is the pacing and magnitude of further improvements from here?

We believe common definitions of specialists in public markets are missing critical components and are in need of an update.

A look into Denmark’s ethos and building a challenger firm.

Why we believe enduring innovation matters and the connection to meeting customers and employees where they want to be and winning outcomes.

When we first started investing professionally, we never thought there could be so much room to evolve our investment process.

The definition of sustainability is, “Able to be maintained at a certain rate or level.” When we were first asked years ago if our portfolio companies were “sustainable,” we said, “Yes!” Then, we received feedback from clients and realized, “We’re gonna need a bigger boat!”

Businesses are collections of people. How can we understand a business without a view on its key people, company culture, and the company’s overall ability to attract and retain industry talent?