TOL - 20th Aug, 2022
We're in "Tech Wreck 2.0", and some big names won't make it
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 Investing. Mary 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
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Managed Fund
Alphinity Global Sustainable Equity
Global Shares
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This episode was recorded on August 18, 2022.
Equities
FAANGs are diverging between the haves and the have beens
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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
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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 150 episodes published - you can access all content on Livewire Markets, Spotify and Apple Podcasts.
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3 topics
2 funds mentioned
3 contributors mentioned
Livewire Markets
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...
Livewire Markets
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...
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