Dear Valued Investors,
I’d like to invite you to a livestream on Wednesday, May 27th, at 18:30 CET, where we’ll take a closer look at a developing theme we’ve recently started positioning around within the portfolio.
The discussion will focus on how AI is beginning to reshape parts of the software landscape, where the market may be oversimplifying the risks, and where selective opportunities may be emerging beneath the surface.
𝑾𝒉𝒆𝒏: Wednesday, May 27th, at 18:30 CET
𝑾𝒉𝒆𝒓𝒆: www.youtube.com/live/V33ni2n9UYc?si=aLP5GkXrUL44oyzI
𝑾𝒉𝒂𝒕 𝑾𝒆’𝒍𝒍 𝑪𝒐𝒗𝒆𝒓:
𝑨𝑰, 𝑺𝒐𝒇𝒕𝒘𝒂𝒓𝒆, 𝒂𝒏𝒅 𝒕𝒉𝒆 𝑺𝒉𝒊𝒇𝒕 𝑩𝒆𝒏𝒆𝒂𝒕𝒉 𝒕𝒉𝒆 𝑺𝒖𝒓𝒇𝒂𝒄𝒆
We’ll discuss how AI may impact different parts of the software ecosystem differently. While some business models could face pressure as automation improves, other areas may actually become more important as enterprises require more governance, workflow control, security, and trusted infrastructure around AI systems.
𝑾𝒉𝒆𝒓𝒆 𝑽𝒂𝒍𝒖𝒆 𝑴𝒂𝒚 𝑩𝒆 𝑴𝒊𝒈𝒓𝒂𝒕𝒊𝒏𝒈
Rather than focusing purely on headline AI winners, we’ll walk through the parts of the software stack where demand may strengthen as AI adoption expands. This includes areas tied to enterprise workflows, data governance, software infrastructure, and operational control layers.
𝑷𝒐𝒔𝒊𝒕𝒊𝒐𝒏𝒊𝒏𝒈 𝒊𝒏 𝒂 𝑹𝒂𝒑𝒊𝒅𝒍𝒚 𝑪𝒉𝒂𝒏𝒈𝒊𝒏𝒈 𝑬𝒏𝒗𝒊𝒓𝒐𝒏𝒎𝒆𝒏𝒕
We’ll also discuss how we think about positioning in an environment where narratives are moving quickly, valuations are shifting, and markets may not yet fully agree on where long-term value will ultimately accrue.
This session is about trying to understand where durable economics, enterprise dependency, and long-term competitive advantages may still exist as the software landscape evolves.
During the session, I’ll also walk through how these themes are beginning to translate into portfolio positioning and risk management within our framework.
Thank you for your continued trust and engagement.
Warm regards,
Robert... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
Hi Rob, thanks for the upcoming update. I always value your insights and thoughts. I would love if you could speak on the new positions Brown & Brown, Rightmove, fair Isaac.
You will probably touch on Duolingo due to the AI theme because you upped the position quite a bit.
How do you think about... Show More
Hi Rob, could you talk about your decision on closing out Subsea7 before the merger? Was ist because of fundamental reasons or portfolio positioning?... Show More
Sorry, bit late with the questions, but here they come:
Thoughts on Wolters Kluwer ($WKL.AS), or at all about this sector (like $WLY (John Wiley & Sons Inc), $TRI (Thomson Reuters Corporation)...)?
Seems like a place, that you might be interested in with this new software direction. My main take is... Show More
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