Stephen Mandel (AP) – Education
About Stephen Mandel
Stephen Mandel, founder of Lone Pine Capital, discussed investing and philanthropy during a December 2020 virtual event. He described the low interest rate environment as creating "a lot of economic distortion" that benefits those with capital to deployhol. Mandel also said that "the level of innovation and progress coming from new technology" is unprecedented, while noting that some asset valuations have reached levels he "would have never expected." He remarked that "the bubble usually ends when the Federal Reserve takes the punch bowl away" and that "many businesses that are unloved are unloved for a reason." In 2019, Mandel ran as leader of the Alberta Party in the provincial election, finishing third in his riding of Edmonton-McClung. After the election, he congratulated premier-elect Jason Kenney and said the party should be "very proud" of increasing its vote share from just over 2% to over 10%. During the campaign, Mandel stated that the Alberta Party's vision involved investing in education "from pre-kindergarten throughout our lives" and expanding post-secondary opportunities. Earlier, as Edmonton's mayor, Mandel announced in 2013 he would not seek a fourth term, citing three remaining priorities: a women's council program, housing for younger generations, and support for youth aging out of provincial care. He said he would "work hard until the last day" and described his council as "visionaries" who cared "deeply about changing the face of the city."