Finding companies that can sustain persistent growth over long periods of time can lead to exceptional returns. Those of us who have witnessed the returns of the great technology companies of the past decade have seen that firsthand. But identifying those companies in advance can be incredibly difficult.
In this episode, we talk with Deepwater’s Gene Munster and Doug Clinton about how they seek to find the great growth companies of the future. We discuss the characteristics of firms that achieve persistent growth and how they seek to find them. We also take a tour of the current major areas of innovation they are looking at including artificial intelligence, robotics, autonomous vehicles, fintech and the metaverse and discuss the opportunities they see in each of them.
- 03:24 – What has changed the most in technology investing in the past 25 years
- 07:04 – The importance of persistent growth
- 09:17 – Can quantitative criteria help to identify persistent growth companies
- 13:28 – The role of valuation in growth investing
- 16:13 – How do higher interest rates and inflation impact tech investing?
- 19:49 – The current opportunities in Artificial Intelligence
- 24:45 – The opportunities in robotics
- 29:25 – The higher standard for autonomous vehicles
- 30:42 – The opportunities in Fintech
- 33:09 – International fintech opportunities
- 35:03 – Opportunities in the metaverse
- 38:57 – Comparing the 2000 tech bear market to today
- 41:49 – The journey to find conviction in investing
- 43:40 – The role of expectations in growth investing
- 52:52 – The role of quantitative analysis in their process
- 54:25 – The one lesson Gene and Doug would teach the average investor