In this podcast, Simon Robertson discusses growing wealth in New Zealand, business relationships, and the impact of AI. He shares insights on finance, IPOs, global investment trends, RocketLab's growth, and writing for Business Desk. The conversation also delves into AI technology, perceptions versus reality, and the future of philanthropy in New Zealand.
Starting early in finance and wise investing can lead to significant growth through compounding over time.
New Zealand's wealth management landscape is transitioning towards international investments and the use of AI to reshape strategies.
AI has the potential to revolutionize research, stock prediction, and decision-making in finance, emphasizing the need to embrace these tools for faster analysis and accurate decisions.
Deep dives
Simon Robertson's Journey in Finance
Simon Robertson, a guest on a podcast, discusses his impressive career in finance, spanning from roles in UBS and Goldman Sachs in Hong Kong and New York to leading investments for wealth management companies in New Zealand. He emphasizes the importance of starting early in finance, investing wisely, and the power of compounding over time. Robertson shares a story about the value of imagination and personal connections in understanding and predicting stock market movements.
The Evolution of Wealth Management in New Zealand
Robertson delves into the wealth management scene in New Zealand, highlighting the transition from a focus on local stocks to more international investments and a shift towards using ETFs and alternative investments. He acknowledges the role of technology in reshaping investment strategies, particularly through AI and large language models. Robertson emphasizes the importance of early involvement in finance for everyone to benefit from compounding and growth opportunities.
Insights on AI and Its Impact on Finance
Robertson provides insights on the transformative role of AI in the financial sector, highlighting its potential to revolutionize research, stock prediction, and decision-making processes. He discusses the rapid advancements in AI capabilities, noting its ability to generate realistic content and facilitate investment decisions. Robertson stresses the importance of embracing AI tools for faster, more accurate analysis and decision-making in finance.
Encouraging Imagination and Personal Connections in Finance
Robertson encourages finance enthusiasts to leverage imagination and personal connections when delving into the world of investments. He shares a story about a wife's successful stock picks based on personal experiences and connections, outperforming professionals. Robertson emphasizes the value of personal insights and relationships in understanding investment opportunities beyond traditional analytical approaches.
Philanthropy and Connecting in the Financial World
Robertson highlights the philanthropic nature of New Zealanders and the importance of giving back to the community. He underlines the significance of building connections and sharing experiences in the financial realm, fostering collaboration and knowledge exchange. Robertson reflects on the generosity and willingness to help within the finance industry, promoting a culture of giving, sharing, and building meaningful relationships.
Simon Robertson has had a huge career in finance. In New York, for Goldman Sachs, he led up international and pan-Asian equities, before coming back to New Zealand to lead a large project for Rank Group, the private company of Graeme Hart, aka NZ's most successful businessperson. Simon is now a columnist for BusinessDesk, sharing his views on how New Zealand can grow its wealth and what is on the horizon for the world of business with the changes coming in from AI.
