ОТНОСТНО ТОЗИ ЕПИЗОД
Five years ago, owning the right handful of global technology stocks could transform a portfolio. The challenge today is deciding whether the next five years will reward investors for sticking with those winners or looking somewhere else entirely. That was the question put to Antipodes Partners Portfolio Manager Vihari Ross and Ophir Asset Management Co-Founder and Senior Portfolio Manager Andrew Mitchell at Livewire Live.
Both believe opportunities remain within AI. But neither thinks the answer is simply buying the companies dominating today's headlines.
Ross is finding value further down the semiconductor supply chain, in businesses wrongly assumed to be AI casualties and in old-economy companies benefiting from powerful capital expenditure cycles. Mitchell, meanwhile, is looking for small and mid-cap companies where earnings, market share or structural advantages matter more than the prevailing narrative.
When asked to nominate the companies investors could wish they owned five years from now, they produced very different answers: a semiconductor giant, a US senior-living operator, and a little-known software company followed by just one analyst.
Time Codes
- 00:13 – Why look beyond Australia for growth?
- 02:20 – The advantages of investing globally
- 03:54 – Why global small caps offer a bigger opportunity set
- 06:11 – Revisiting Vihari’s Alphabet call
- 07:52 – The big questions occupying Ophir
- 09:21 – Where Antipodes sees value today
- 11:06 – Navigating market concentration and the AI trade
- 14:44 – Finding overlooked AI beneficiaries
- 19:23 – Opportunities beyond the AI boom
- 20:51 – Weir: Playing the mining capex cycle
- 22:23 – Ophir’s best performer: Silicon Motion
- 23:47 – Antipodes’ best performers
- 25:38 – Antipodes’ latest buys: Weir and Booking
- 27:20 – Ophir’s latest buy: APi Group
- 29:17 – Vihari’s stocks to own for the next five years
- 31:27 – Andrew’s five-year pick: Red Violet
- 32:46 – Why higher yields haven’t crushed US valuations
- 35:52 – Closing remarks
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