Algy's Investment Podcast

William de Gale, Co-Founder of BlueBox Asset Management, boasts over 20 years of tech investing experience. He reveals that semiconductors dominate their portfolio and shares insights on mispriced cloud software opportunities in the AI age. De Gale highlights the standout leadership of CEOs like Satya Nadella and emphasizes that since 2007, technology has driven nearly all S&P 500 earnings growth. He also recommends Adobe as a top stock pick for the next 12 months, arguing it's undervalued despite market skepticism.

William de Gale, Co-founder of BlueBox Asset Management, brings over 20 years of tech investing experience. He shares insights on why the AI boom isn't a bubble just yet and how chip manufacturers dominate his portfolio. Discover the key differences between Google and ChatGPT, his contrarian views on Adobe's potential, and why companies providing AI infrastructure like TSMC and ASML are set to outperform. He also reveals his surprising top stock pick for 2026—details that could reshape your investment strategy!

In this episode, I sit down with Freddie Lait, founder of Latitude Investment Management, who went from studying mathematics at Oxford to working at Goldman Sachs and Rothschild, before taking the ultimate leap - selling his house to start his own fund management business in 2016.Today, Freddie manages a £1 billion portfolio with a disciplined, long-term investment philosophy that has generated exceptional returns. In this conversation, we dive deep into:Key Topics Covered:Why Freddie sold his house to start his fund (and the financial risk involved)The investment philosophy behind Latitude's successHow to construct a portfolio for long-term wealth creationWhy earnings growth and dividends matter more than valuation multiplesThe 6.5% free cash flow yield strategy explainedHow 75% of his portfolio is positioned for inflationPortfolio management vs. stock analysis - which matters more?Why patience is the rarest commodity in investingThe 10-year rule for judging fund managersBuilding a team of exceptional analystsManaging a concentrated portfolio of 24 global stocksThe difference between investing before and after COVIDHis 30-year vision for the fundAbout Freddie Lait:Freddie is the founder and CIO of Latitude Investment Management, launched in 2016. With 16 years of fund management experience, including roles at Goldman Sachs Asset Management and Rothschild, Freddie has built a reputation for disciplined, long-term value creation. His fund focuses on global equities with strong earnings growth, solid free cash flow, and inflation-resistant characteristics.00:00 - Introduction to Freddie Lait02:00 - When Did Fund Management Become Your Career?04:51 - What Is Financial Modeling?06:22 - The Scary Decision to Start Your Own Fund10:01 - Investment Philosophy Behind Latitude Investment Management13:45 - Why Patience Is a Rare Commodity in Investing18:30 - Finding High-Quality Companies with Strong Returns23:15 - The Importance of Free Cash Flow in Stock Selection28:40 - Portfolio Construction: Concentration vs. Diversification33:20 - Managing Risk in a 24-Stock Portfolio38:50 - Sector Preferences and What to Avoid42:30 - Understanding Free Cash Flow Yield (6.5% Strategy)47:15 - Inflation Protection: 75% of Portfolio Positively Linked52:40 - Technology Adoption and Portfolio Transformation56:20 - Google and the Magnificent Seven Discussion1:01:30 - The 80/20 Rule in Portfolio Management1:04:45 - Building and Leading an Investment Team1:09:20 - Personal Weaknesses: Being Too Logical1:12:50 - The 10,000 Hour Rule and 16 Years of Experience1:16:40 - What Time Period Should Fund Managers Be Judged Over?1:21:30 - Current Fund Size: £1 Billion and Growing1:24:15 - Managing Cash Inflows Operationally1:26:45 - Final Thoughts and Closing RemarksSubscribe for more conversations with successful investors, entrepreneurs, and product leaders!#investing #fundmanagement #portfoliomanagement #stocks #finance #stockmarket #wealth #wealthbuilding

Glen Finegan, founder of Skerryvore Asset Management, dives into the intricacies of emerging markets. He explores what defines these markets and highlights the biggest opportunities in India, Taiwan, and Mexico driven by domestic consumption. Glen emphasizes assessing governance and trust in management to navigate risks and shares insights on why many state-owned enterprises falter. He discusses currency challenges, pricing power, and the importance of long-term investment horizons to achieve consistent returns while avoiding common pitfalls.

Alastair Irvine has been the Investment Director on the Jupiter Merlin Team for over a decade. He is highly respected by professional investors for his clear-cut insights and no-nonsense take on global events. He’ll be a regular guest on Algy’s Investment Podcast. In this episode, he breaks down:1. The current state of the UK economy2. Has the UK Prime Minister lost control of his party?3. The war in Ukraine4. Why has the U.S. bombed Iranian nuclear development sites5. Trade wars and the role of the U.S. dollar⏱️ Timestamps:00:00 Intro01:11 The Skill of Managing Risk03:25 Rachel Reeves Budget Challenge10:24 Starmer's Benefits Reform Bill11:49 What Drives Economic Growth?13:12 The Office for Budget Responsibility Forecasts14:55 Will the IMF Bail Out the UK?18:30 The Effect of Wealth Taxes22:02 Are UK Equities Cheap?23:58 Who Else Could Govern the UK?27:07 Nuclear Energy in the UK30:06 Trump in Ukraine32:34 Trump's Impact on Global Stability 37:05 The Bombing of Iran39:16 Where is the World Most Dangerous Today?43:19 What are Global Bond Markets Indicating Today?47:13 Is Trump Trying to Weaken the US Dollar?49:43 Where are the Jupiter Merlin Team Investing?

Algy's guest this episode is Avinash Vazirani, Investment Manager, Investment Manager of the Indian Equities Strategy at Jupiter Asset Management. Before joining Jupiter, Avinash was Managing Partner of Peninsular Capital Partners LLP, which he founded in 2005. Prior to this, he was CIO (South Asia and Africa) of BNP Paribas Asset Management. He was also CEO of GEM Dolphin Investment Managers from 1994 until its sale in 1997. He began his investment career in 1994.

Kiril Sokoloff, Chairman and founder of 13D Research, dives into the resurgence of nuclear energy and its implications for uranium investments. He discusses the shifting attitudes towards nuclear power and how global policies are reshaping the energy landscape. Sokoloff also highlights Europe's hurdles in achieving net-zero emissions and the potential return to a gold standard amid growing economic challenges. With insights into investment strategies and the interconnectedness of global markets, he offers a thought-provoking look at future opportunities in mining.

Edward Bonham Carter, a veteran with nearly 30 years at Jupiter Asset Management and former CEO, shares his insights on the art of fund management. He discusses the delicate balance of intuition and analysis in investing and the pressing need to inspire more women in finance. Edward humorously reflects on the volatility of the markets and the importance of resilience. He also dives into the diminishing relevance of UK equities, the revolutionary impact of AI, and how current political dynamics shift investment strategies.

Algy's guest in this episode is Ken Costa, who served as the Chairman of Lazard from 2007 to 2011.

Peter Lawery, Co-Founder of the award-winning Jupiter Merlin portfolios, shares his wealth of knowledge as a veteran investor. He dives into the alarming $36 trillion U.S. debt crisis and its implications for both America and the UK. Lawery discusses Trump's controversial economic strategies, including tariffs and resource acquisition deals. He sheds light on the future of energy with nuclear power and the safety of UK pensions. Finally, a lively debate on whether gold or Bitcoin holds more value in today's turbulent market.