oin us as we demystify tech investing with special guest Eric Flaningam from Generative Value. Learn how to apply value investing principles to find long-term winners in this exciting sector.

(0:00-1:00 ) Introduction of guest Eric, a tech-focused value investor. (

1:00-2:00 ) Why stocks? Eric finds intellectual challenge and future-predicting aspects exciting.

(2:00-3:00 ) Eric's journey: From small-town Indiana to Microsoft to venture capital.

(3:00-4:00 ) Early Buffett influence, learning from the greats, and the importance of managing downside risk. (

4:00-5:00 ) Tech's allure: World-changing potential, intellectual complexity, and historical outperformance.

(5:00-7:00 ) Applying Buffett's circle of competence to tech, focusing on understanding competitive advantages.

(7:00-9:00 ) Overcoming tech intimidation: Start with industry research, read extensively, and focus on buyer decisions.

(9:00-12:00 ) Understanding tech vs. business, the importance of industry primers, and the challenge of competitive landscapes.

(12:00-16:00 ) Semiconductors and cloud as long-term tech bets, the role of disruption, and learning from history.

(16:00-19:00 ) How companies view competition, the importance of solving customer problems, and the risk of disruption.

(19:00-22:00 ) The Innovator's Dilemma: Business model innovation often trumps pure technological disruption.

(22:00-25:00 ) Investing in the face of disruption, the importance of paranoia and humility, and embracing volatility.

(25:00-29:00 ) Finding Eric's "quintessential" stock: Amazon as an example of deep competitive advantages.

(29:00-32:00 ) Why some monopolies fly under the radar: ASML vs. Microsoft and Google.

(32:00-36:00 ) The case for tech investing: High-quality businesses, long-term growth, and opportunities for outperformance.

(36:00-39:00 ) Eric's investment process: Focus on identifying wonderful businesses, then wait for the right price. (

39:00-42:00 ) The long-term advantage: Patience allows capitalizing on market drops and buying great companies on sale.

(42:00-46:00 ) The AI adoption curve: It's early days, be patient, and expect the unexpected.

To learn more from Eric:

Generative Value

X: @EricFlaningam

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