Steve Johnson: What the market is missing about the AI boom

AI may be transformational, but does that make AI stocks good investments?

Forager Funds Management’s Steve Johnson explains why he’s steering clear of the AI trade, where he’s finding value in Australian small caps, and why he still prefers stocks over property for building long-term wealth.

Chapters:
01:48 Steve Johnson on AI
04:28 AI Investing and Bubble Risk
10:33 What Could End the AI Trade
12:35 Forager’s Costly Mistakes
17:12 Software and Small Cap Opportunities
30:06 Motorcycle Holdings and Australia
38:15 Shares Versus Property
41:30 Credit and Australian House Prices
45:05 Advice for Long-Term Investors

Stocks & ETFs mentioned: EML Payments (ASX: EML), Fiserv (NYSE: FI), Xero (ASX: XRO), MYOB (formerly ASX: MYO; delisted), Catapult Sports (ASX: CAT), Wix.com (NASDAQ: WIX), Motorcycle Holdings (ASX: MTO), Eagers Automotive (ASX: APE), BYD (HKEX: 01211), Honda Motor (TSE: 7267), Meta Platforms (NASDAQ: META)

———

Want to get involved in the podcast? Record a voice note (tinyurl.com/4uw5f58j) or send us a message (tinyurl.com/2hyfsrw7)

And come and join the conversation in the Equity Mates Facebook Discussion Group (facebook.com/groups/equitymates).

———

Want more Equity Mates? Across books, podcasts, video + email, however you want to learn about investing – we’ve got you covered (linktr.ee/equitymates).
Keep up with the news moving markets with our daily newsletter (tinyurl.com/2saau2ky) and podcast (Apple (tinyurl.com/yxm3mm2c) | Spotify (tinyurl.com/299dedpd))
We’re particularly excited to share our latest show: Basis Points
Listen to the podcast (Apple (tinyurl.com/2zmumf7v) | Spotify (tinyurl.com/mr4x8tae))
Watch on YouTube (tinyurl.com/yc596wem)
Read the monthly email (basispoints.beehiiv.com)

———

Looking for some of our favourite research tools?
Download our free Basics of ETF handbook (tinyurl.com/7k2z7ebx)
Or our free 4-step stock checklist (tinyurl.com/4zjkm3pt)
Find company information on TIKR (tikr.com/?ref=equitymates)
Research reports from Good Research (goodresearch.com.au/ref/equitymates)
Track your portfolio with Sharesight (sharesight.com/au/equitymates)

———

This podcast is intended for education and entertainment purposes only. Any advice is general advice and has not taken into account your personal financial circumstances. Before acting on general advice, you should consider if it is relevant to your needs. If unsure, speak to a financial professional. The host of this podcast and their guests may have positions in the companies mentioned. Equity Mates Media is part of the Betashares Group but maintains editorial independence and operates under Australian Financial Services licence 540697.
Hosted on Acast. See acast.com/privacy for more information.