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.
00:00 - Intro
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
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