What’s the Matter With Big Tech?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 7 December 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. equity sell-off extended to a fourth straight trading session today, as the tech-heavy Nasdaq Composite again led to the downside with a 2.18% loss two hours ahead of the close. Meta Platforms is under regulatory scrutiny in the European Union, Apple is contending with supply-chain restructuring, and Tesla faces stiffening competition amid its CEO’s social media dabbling. And job cuts across the broad tech sector suggest we may be witnessing the end of an era. Maggie Lake welcomes Eric Jackson, the founder of EMJ Capital, to talk about what’s happening with big tech – and to distinguish it from growth tech. We also hear from Whitney Baker, the founder of Totem Macro, about the challenges of building more robust supply chains. Watch the full conversation between Whitney Baker and Andreas Steno Larsen here: https://rvtv.io/perform. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was.
0:05.0	I need to get paid quickly, especially when I have five or six plumbing jobs in a day.
0:08.0	When I first used the payment link feature in my Monzo Business account,
0:11.0	I was impressed to how quick and easy it was. At the end of each job,
0:14.0	I'll just create a payment link, send it to the customer, and get paid then and there.
0:17.0	I can also track all of my payments in my get paid tab.
0:20.0	If you're ready for a Monzo Business account, apply today.
0:23.0	Just search Monzo Business, season sees apply.
0:26.0	Only sole traders or limited company directors in the UK can apply.
0:29.0	Is the era of big cap tech over. Hi, everyone. Welcome to the Real Vision Daily Briefing.
0:34.0	Joining me today is Eric Jackson, president and founder of EMJ Capital.
0:39.0	Hi, Eric. Welcome to Real Vision.
0:49.0	Hey Maggie.
0:51.0	So this is your first time on the daily briefing if I'm not mistaken.
0:55.0	So why don't you give us before we jump in? Why don't you give us a little overview of EMJ?
0:59.0	So what's your area of focus?
1:01.0	So it's tech focused. It's a long short fund.
1:06.0	But I tend to focus on multi year compounders.
1:10.0	So I'm trying to find companies that over a three year basis can two or three X.
1:16.0	If you know, if not more.
1:18.0	And so the portfolio tends to be more concentrated.
1:23.0	It tends to have less turnover a lot of, you know, since I'm expecting to hold these companies for longer periods of time.
	...

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