In this episode of The Rules of Investing, Livewire's Ally Selby learns about some of the companies that meet these criteria, why Rizzo believes AI will be far more transformative than investors currently think, as well as why he believes that investors are likely to do more harm waiting for a correction in some of these tech winners than a correction itself.
Plus, he shares what he is seeing on the ground in the US right now in terms of economic weakness, the stocks he believes are worth paying up for right now, and how he takes advantage of sell-offs when he holds very little cash.
Note: This episode of The Rules of Investing was recorded on Wednesday 14 August 2024.
https://www.livewiremarkets.com/wires/why-ai-will-have-a-bigger-impact-on-the-world-than-the-invention-of-electricity
Timecodes:
- 0:00 - Intro
- 2:10 - Making sense of the volatility in tech stocks
- 3:11 - This is a healthy bull market correction
- 4:44 - The true transformational nature of AI
- 8:11 - Spotting the imposters from the real AI winners
- 11:06 - There are risks but we are starting to see business acceleration from AI
- 13:27 - Should you take advantage of sell-offs in AI companies?
- 15:08 - What Dom is seeing on the ground in the US in terms of economic stability
- 17:08 - How to identify winning tech stocks
- 19:53 - How Dom thinks about risk
- 22:01 - Dom's wishlist of stocks he would own at a cheaper price
- 24:15 - Stocks it is worth paying up for right now
- 26:32 - A deep dive into semiconductor stocks and cycles
- 30:20 - NVIDIA at the point of deceleration and what this means for investors
- 31:16 - How to take advantage of sell-offs with very little cash
- 34:19 - One thing investors are getting wrong about markets
- 34:53 - Biggest lessons Dom has learnt during his career
- 39:06 - One stock Dom would hold if the market closed for 5 years.
