Algy's Investment Podcast William De Gale - Technology Sector
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Oct 2, 2023 Guest William De Gale discusses navigating tech investments, importance of semiconductors, analyzing profitable portfolios in tech sector, and balancing arrogance and humility in fund management for success.
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Defining Technology Companies
- A technology company sells technology, falling into five categories: hardware, software, semiconductors, IT services, or networking equipment.
- Companies like Uber, Tesla, and Google are not technology companies; they buy technology to sell other services.
Technology's Broad Impact
- Technology is key for survival and success in every business sector.
- It's an economic horizontal, impacting all industries, rather than a vertical.
Learning from the Tech Bubble
- William DeGale developed his investment strategy after the tech bubble burst in 2000.
- He realized focusing on revenue growth in tech is misleading; profit growth is key.