Art Of Boring

In this episode, Portfolio Manager Colin Wong shares strategic insights on disruptive technologies and recent adjustments in the U.S. equity portfolio. Colin discusses how his team navigates market exuberance, consensus risks, and economic ebbs and flows with a focus on resilient returns. Through compelling examples, Colin provides actionable insights on benefitting from innovation without betting the farm on a single theme. Key points from this episode: The three main sources of stock market return are earnings per share growth, multiple expansion, and dividends. Similar to the Internet in the late 90s/early 2000s, artificial intelligence (AI) has the potential to transform almost every industry and sector. However, some companies are currently only using AI for various smaller tasks, such as answering simple customer queries, while others have fully embedded AI into their products. The U.S. equity team invests in companies with profitable existing businesses that are also investing in the future, namely A