# #121 - Matt McLennan: Resilient Wealth Creation, Patience, Gold

Page: https://stenobird.com/podcast/insightful-investor-6700249/121-matt-mclennan-resilient-wealth-creation-patience-gold
Text version: https://stenobird.com/podcast/insightful-investor-6700249/121-matt-mclennan-resilient-wealth-creation-patience-gold.md
Podcast: [Insightful Investor](https://stenobird.com/podcast/insightful-investor-6700249)
Published: 2026-05-05T11:00:00+00:00
Episode link: https://insightful-investor.captivate.fm
Audio file: https://episodes.captivate.fm/episode/00bde178-8d3c-4e4a-a298-2a3779763f1f.mp3
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JSON: https://stenobird.com/v1/public/podcasts/insightful-investor-6700249/episodes/121-matt-mclennan-resilient-wealth-creation-patience-gold
Duration seconds: 3542

## Resource

Matt is Head of Global Value and a PM at First Eagle Investments, a firm with $176B in AUM as of year‑end 2025, known for its long history and disciplined approach to capital preservation. We discuss what resilient wealth creation really requires, why patience is a durable competitive advantage, how he thinks about risk beyond benchmarks, and the role gold plays in protecting long‑term capital. - This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training. Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person. While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date. The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, in…

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## Transcript

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