Ben Rogoff is co-head of Polar Capital's Global Technology team.  Having joined the industry just before the technology bubble of the late 1990's and early 2000's, Ben has a wealth of experience navigating different market cycles.  We discuss the environment today, the similarities and differences with the TMT bubble and what it takes to be a successful tech investor.  We also dive into Ben's investment themes, the benefits of being diversified and the importance of not missing out on big winners.

Show notes:
[1:33 ] Ben discusses his early career
[4:12 ] Surviving the bursting of the tech bubble
[5:21 ] Lessons from the tech bubble
[7:44 ] Joining Polar Capital
[9:01 ] Guardrails for tech investing
[12:43 ] There is often no mean reversion in tech
[14:23 ] Companies should behave differently at different stages of maturity
[17:11 ] Reinvestment risk is high in tech
[18:13 ] The importance of not missing out on the big winners
[20:22 ] The benefits of being diversified
[21:20 ] Sell discipline
[23:36 ] False sell signals in the current environment
[25:00 ] Investment themes and why tech as an enabler of new industries
[28:25 ] Is AI a general purpose technology?
[30:45 ] The semiconductor cycle and geopolitical risk
[33:33 ] Similarities and differences with the tech bubble
[36:53 ] Adapting to a different capital market environment
[40:00 ] The scale advantages of Apple, Microsoft, Alphabet et al
[43:42 ] Recording how you feel in the moment and getting to where you want to be as quickly as possible