Lawrence Lam: ‘The Types of Companies That Attract Me Are Founder-Led and Profitable’

Hi, and welcome to The Long View . I’m Dan Lefkovitz, strategist for Morningstar Indexes. Our guest this week is Lawrence Lam. Lawrence is managing director and founder of Lumenary Investment Management based in Melbourne, Australia, a firm that specializes in founder-led companies globally. Lawrence is also the author of a new book called The Founder Effect . Lawrence has also been an investment banker, a derivatives consultant, and a financial regulator. He holds degrees from the University of Melbourne and is a lifetime basketball player. Background Bio Lumenary Investment Management The Founder Effect Founder-Led Companies “ Four Signs a Founder-Led Company Isn’t Worth the Hype ,” by Lawrence Lam, afr.com, May 2, 2025. “ Lessons From the Rise and Fall of Founder-Led Companies ,” by Lawrence Lam, firstlinks.com, March 26, 2025. Founder-Led Companies Mentioned “ Yvon Chouinard: The Founder of Patagonia ,” by Charlie King, sustainabilitymag.com, Oct. 4, 2024. FUCHS Fortinet Hermes Uniqlo Reply Flight Centre Case Study Chemist Warehouse Le Specs “ Chemist Warehouse Founder Reveals His Success Secrets ,” by Lawrence Lam, Morningstar.com.au, May 30, 2023. Other “ Social Loafing in Psychology: Definition, Examples & Theory ,” by Riley Hoffman, simplypsychology.org, Sept. 7, 2023. Arista Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.