Our conversation with Kent Chan travelled the globe and covered a wide range of topics including Artificial Intelligence (AI), small cap vs. large cap stocks, the opportunity in China, and why Europe remains attractive.
Here are some highlights:
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The gains from AI will not be hoarded by just the giant tech companies. AI may provide fertile ground for small companies to develop solutions across the economy.
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English media accounts in the 1880s show a dubious attitude toward investing in the United States. Then, there were speculative railroad bubbles and a sense that the U.S. was an unreliable environment. This may be an analogy to how we view China today.
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Competition between the U.S. and China may produce enhanced productivity and innovation, similar to how the Cold War generated many tech advances.
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While lacking a thriving tech sector, Europe has many leading companies in the military, environmental, luxury goods, and online betting space.
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In crises, Chan reminds himself of early wisdom he received from a colleague – if this bad thing happens, are you still going to wake up in the morning, have breakfast, go to work, etc.? If so, the bad thing probably will not change much if you take a long-term perspective. In many cases, it may be an opportunity.
Watch the video replay below.
