Investment Uncut: Alison Savas - From Alphabet to AI: how do you actually pick what to invest in?

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If you’re trying to outperform the market, how do you actually decide where to invest? And what about areas like AI where the future is highly uncertain? And there’s risks too – how do you ensure you’re paying a fair price given the risks you’re exposed to? 

To answer these questions, we step into the mind of an equity manager. We’re talking to Alison Savas, Investment Director at Antipodes, to understand the steps they go through when deciding whether to buy, hold or sell a stock like Alphabet.

For our Views from the Boardroom section, Jacob Shah and Peter Abrahams give a preview on a long-running debate they’ve been having: should investors go underweight to the US? Tune in and decide where you stand. 

What’s one thing you would like listeners to take away?

• Firstly, AI is revolutionary, but we know that with any step change in technology, that value shifts. So, we think we’re at that point where value is shifting from the AI enablers to the AI adopters, and that means there’s going to be more winners.
• Secondly, there is this pre-conceived notion on what a value portfolio should look like. But I don’t think it should just be low multiple stocks and playing for that mean reversion trade. Disruption is very real, and I think investors should want their value managers to be thinking about change and looking for attractively priced quality and growth opportunities as well.

Any recommendations?

• Antipodes own podcast Good Value of course! 
• Money Talks by The Economist