# Henry Ellenbogen - Man Versus Machine - [Invest Like the Best, EP.452]

Page: https://stenobird.com/podcast/invest-like-the-best/henry-ellenbogen-man-versus-machine-invest-like-the-best-ep-452
Text version: https://stenobird.com/podcast/invest-like-the-best/henry-ellenbogen-man-versus-machine-invest-like-the-best-ep-452.md
Podcast: [Invest Like the Best with Patrick O'Shaughnessy](https://stenobird.com/podcast/invest-like-the-best)
Published: 2025-12-16T09:00:00+00:00
Episode link: https://joincolossus.com/episode/man-versus-machine
Audio file: https://traffic.megaphone.fm/CLS7071600099.mp3?updated=1767945547
Processing state: failed
JSON: https://stenobird.com/v1/public/podcasts/invest-like-the-best/episodes/henry-ellenbogen-man-versus-machine-invest-like-the-best-ep-452
Duration seconds: 6478

## Resource

My guest today is Henry Ellenbogen, founder and Managing Partner of Durable Capital Partners. Henry built his reputation at T. Rowe Price, where he led the New Horizons Fund and turned it into one of the best-performing small-cap growth portfolios in the country. In 2019, he left to start Durable. His philosophy is grounded in a simple belief that great investing is about understanding people and change. Henry has spent his career studying the rare 1% of companies that drive nearly all long-term returns . Durable’s edge comes from being able to tell the difference between a company that is failing and one that is transforming. Henry often talks about “Act II” teams – founders who take the lessons from their first company and apply them to a new frontier. Durable itself is his Act II. In our latest Colossus profile, Managing Editor Dom Cooke traces Henry’s story and specifically how he became one of the most influential investors of the 21st century, having learned from founders like Jeff Bezos and John Malone in the early part of his career. I always hear the same thing from founders who’ve met Henry: “he understood my business faster than anyone”. The thing that sticks with me from our conversation and Dom’s profile is just how much he loves investing. For the full show notes, transcript, and links to mentioned content, check out the episode page ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠ ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ramp⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ramp.com/invest to sign up for free and get a $250 welcome bonus. ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ridgeline⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/invest-like-the-best/episodes/henry-ellenbogen-man-versus-machine-invest-like-the-best-ep-452/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/invest-like-the-best/henry-ellenbogen-man-versus-machine-invest-like-the-best-ep-452.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.