# Spotting the Downturn Early and Coming Out Ahead w/ Gryphon's David Andrews Page: https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796/spotting-the-downturn-early-and-coming-out-ahead-w-gryphon-s-david-andrews Text version: https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796/spotting-the-downturn-early-and-coming-out-ahead-w-gryphon-s-david-andrews.md Podcast: [Dry Powder: The Private Equity Podcast](https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796) Published: 2026-02-03T09:00:00+00:00 Episode link: https://dry-powder-72f03771.simplecast.com/episodes/spotting-the-downturn-early-and-coming-out-ahead-w-gryphons-david-andrews-_AEV7Irv Audio file: https://cdn.simplecast.com/audio/66df01ff-a0e1-4bc4-b81b-b233a3d0604e/episodes/078ed84a-6daa-469e-80f6-12a04de8325e/audio/47abe68f-6bbd-4aab-91fd-edd4824f3119/default_tc.mp3?aid=rss_feed&feed=rh_8uLBO Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/dry-powder-the-private-equity-podcast-252796/episodes/spotting-the-downturn-early-and-coming-out-ahead-w-gryphon-s-david-andrews Duration seconds: 867 ## Resource We ask the co-CEO of Gryphon Investors how he foresaw one of the harshest cycles in the industry’s history and when he thinks it may finally break. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/dry-powder-the-private-equity-podcast-252796/episodes/spotting-the-downturn-early-and-coming-out-ahead-w-gryphon-s-david-andrews/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796/spotting-the-downturn-early-and-coming-out-ahead-w-gryphon-s-david-andrews.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.