# #125 - Paul Desmarais III: Right to Win, Built to Last Page: https://stenobird.com/podcast/insightful-investor-6700249/125-paul-desmarais-iii-right-to-win-built-to-last Text version: https://stenobird.com/podcast/insightful-investor-6700249/125-paul-desmarais-iii-right-to-win-built-to-last.md Podcast: [Insightful Investor](https://stenobird.com/podcast/insightful-investor-6700249) Published: 2026-06-02T11:00:00+00:00 Episode link: https://insightful-investor.captivate.fm Audio file: https://episodes.captivate.fm/episode/23cf0c23-2db1-4888-b44b-a1ae5d39e3f5.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/insightful-investor-6700249/episodes/125-paul-desmarais-iii-right-to-win-built-to-last Duration seconds: 3792 ## Resource Paul is the co-founder, Chairman, and CEO of Sagard, a global alternative asset manager with $45B AUM (as of year-end 2025), and a builder behind platforms like Portage and Diagram spanning fintech investing and venture creation. He unpacks what it really means to earn a “right to win,” how disciplined process and mistake-avoidance hold up under pressure, and how to scale breadth, culture, values, networks, and entrepreneur-first decision-making without diluting judgment across market cycles. - 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 securi… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/insightful-investor-6700249/episodes/125-paul-desmarais-iii-right-to-win-built-to-last/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/insightful-investor-6700249/125-paul-desmarais-iii-right-to-win-built-to-last.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.