James Miller - AI tools we can all use to become better investors | Summer Series

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Jan 5, 2025

James Miller, cofounder of Firetrail and Portfolio Manager of the S3 Global Opportunities Fund, shares his unconventional journey into funds management. He dives into how to use AI tools to refine investment strategies and assess company management teams effectively. James discusses the nuances between Australian small caps and global large caps, emphasizing the critical link between earnings and market expectations. He also reflects on diversity in investment teams and shares insights on emerging sectors like the growing market for GLP-1 medications.

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ADVICE

Refining Investment Process

Focus on picking stocks and mitigating controllable risks.
Embrace new AI tools, but prioritize long-term investing and fundamental analysis.

INSIGHT

AI's Role in Investing

AI is most useful in the initial screening and research process, leveraging unstructured data like transcripts.
It helps identify stocks for deeper fundamental research, but human analysis remains crucial for direct engagement.

ADVICE

Finding Opportunities in Market Volatility

Look for structural opportunities, like AI and insurance, during market fluctuations.
Consider cyclical opportunities in downtrodden industries like manufacturing and agriculture.

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James Miller is a cofounder of Firetrail and Portfolio Manager of the S3 Global Opportunities Fund

Throughout this Summer Series, we're speaking to 12 accomplished investors and financial advisors to unpack their journeys in finance and the lessons they've learned along the way.

In today's conversation with James, we're unpacking:

James' unconventional path into funds management
How James researches investment opportunities and develops expertise in new markets
The AI tools we can all use to become better investors
The similarities and differences when investing in different parts of the market - Australian small caps to global large caps
Firetrail's investment philosophy
How to assess management teams and think about incentives

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Viola Private Wealth manages over $2.5 billion for high-net-worth investors ($750k+). Their expert team provides tailored strategies to make your financial decisions clear, empowering, and aligned with your long-term goals.

To speak to the team at Viola Private Wealth, complete the contact form on their website.

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