The Future of Value Investing

Stefano: I think in terms of AI, maybe certain strategy will be probably interesting to implement but for high frequency trading and liquidity, I think it's actually an advantage. If you are a patient investor and you have a investment thesis that is correct, you basically have willing and heavy sellers that are going to sell you assets that you see as undervalued. So if your time horizon is not like a week or a month or a quarter, but you think that the asset is undervalued for the next, you know, three, five years, then is when you can really take advantage of that.