We're in "Tech Wreck 2.0", and some big names won't make it

The Rules of Investing

Livewire Markets

The world is opening, but not to calm and stability. 

Rather, COVID has left a trail of destruction. And I'm not talking about the health implications. The pandemic has left economies and markets rattled by supply chain problems, inflation, and rate hikes. 

Big tech has been hit the hardest as investors flee long-duration stocks. 

However, despite sharing an acronym, the big tech stocks have been split down the middle. Some companies are awash with cash and trading at extremely attractive multiples. Others look like emperors with no clothes.  

This is one of the topics Livewire's David Thornton tackles with Mary Manning from Alphinity Investment Management on this week's episode of The Rules of InvestingMary is a Portfolio Manager for the Alphinity Global Fund and Alphinity Global Sustainable Fund. She's been investing in global markets for over 20 years with stints working for Ellerston Capital, Oaktree Capital and Soros Fund Management.

We also go deep on US-China relations and compare the two starkly different markets, as well as Mary's interesting take on the ESG challenges brought about by Artificial Intelligence. 

Managed Fund
Alphinity Global Equity
Global Shares
Managed Fund
Alphinity Global Sustainable Equity
Global Shares

This episode was recorded on August 18, 2022. 


Equities
FAANGs are diverging between the haves and the have beens

Timestamps

  • 1:00 - Back on the road and takeaways
  • 2:00 - low-end vs high end-consumer
  • 3:30 - Diverging FAANGS
  • 8:20 - Big tech profitability
  • 13:20 - US-China hostilities
  • 16:00 - Operating in China
  • 19:00 - Weaponised trade
  • 25:30 - Investing in China
  • 29:00 - Sustainability and AI
  • 37:00 - 3 favourite questions

Never miss an insight

Enjoy this wire? Hit the ‘like’ button to let us know. Stay up to date with content like this by hitting the ‘follow’ button below and you’ll be notified every time we post a wire.

Not already a Livewire member? Sign up today to get free access to investment ideas and strategies from Australia’s leading investors.   

........
Livewire gives readers access to information and educational content provided by financial services professionals and companies ("Livewire Contributors"). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.

3 topics

3 contributors mentioned

The Rules of Investing is one of Australia's top investing podcasts. We interview the leading investment minds from Australia and overseas to better understand their processes and philosophy. After launching in October 2017, there have been over...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.