Todd Ahlsten

Todd Ahlsten, Chief Investment Officer and Portfolio Manager of Parnassus Investments, discusses his background, investment process, and market insights. Topics include becoming CIO of Parnassus, qualities of successful investors, Parnassus' operation, 'short shelf-life information,' macroeconomic analysis, and valuation criteria.

Todd Ahlsten, CIO of Parnassus Investments and a semiconductor expert, delves into Intel's tumultuous journey. He discusses how Intel's shift from memory to logic chips under Andy Grove shaped its legacy. The conversation highlights missed opportunities in mobile markets and AI advancements. Ahlsten analyzes the cyclical nature of the semiconductor industry and outlines Intel's struggles and potential paths to recovery. He emphasizes the importance of strategic leadership and evolving consumer demands in navigating Intel's future in a competitive landscape.

Todd Ahlsten, Chief Investment Officer at Parnassus Investments, shares his journey from intern to investment leader managing $46 billion. He dives into the semiconductor industry's dynamics and the significance of durable competitive advantages in investing. Todd highlights John Deere's resilience amid market fluctuations and Waste Management's competitive edge through AI integration. He discusses essential traits for successful management teams and the evolving relevance of investments in light of AI advancements, offering valuable insights for aspiring investors.