Taking an old school approach to tech investing
By International Adviser, 25 Jul 18
Technology is undoubtedly today’s most discussed investment sector, with the high-profile FAANGs front and centre of most conversations. But it is important to recognise the opportunities within the diverse tech sector run far deeper, says Jacob Mitchell, portfolio manager and chief investment officer of Antipodes Partners.
The Faang (Facebook, Apple, Amazon, Netflix and Google) stocks, as well as the theme of disruption, continues to attract most of the attention.
But the fervour to be on the right side of the change during this disruption age has distorted the valuations of many stocks within the tech space – with valuations of the perceived winners driven to excessive levels, at the expense of many fundamentally sound businesses.
We have witnessed numerous examples of this in recent times and have taken the opportunity to buy into many high-quality businesses trading cheaply relative to any reasonable assessment of medium term prospects.
At Antipodes Partners, our investment approach looks to take advantage of the market’s tendency for irrational extrapolation around change. At the core of our philosophy, we seek in our long investments both attractively priced businesses offering a margin of safety, as well as investment resilience characterised by multiple ways of winning.
Click through the slides above to see three attractive, largely under the radar, tech stocks we believe offer investors multiple ways of winning:
Tags: FAANG | Investment Strategy
