Niklas (Heavy Moat Investments)

Niklas from Heavy Moat Investments, an investor renowned for his concentration on quality businesses and moat analysis, discusses several intriguing themes. He reflects on the lessons of 2025 and the concept of 'Liberation Day' as a pivotal moment. The conversation dives into the impact of AI on software and the competitive barriers of vertical-market software providers. Niklas shares insights on portfolio reshuffling, emphasizing a rigorous approach to investment. They make bold predictions for 2026, hinting at skepticism surrounding AI and the fate of quality stocks.