With lightning-fast developments in AI on everyone's lips, figuring out where to play in this value chain is no mean feat. Will the hyperscalers achieve return on investment, or is it better to sit as far back in the chain as possible, targeting names like NVIDIA rather than Microsoft or Alphabet?

Is this just a fad, or are we in an "AI epoch" that wil define the next few decades of our lives?

These are examples of the many questions that David Eborall must ask himself on a daily basis in the process of managing the funds at SaltLight Capital. As an entrepreneur-turned-fund-manager, he brings a unique lens to his capital management decisions.

This podcast is part of our efforts to bring you some of South Africa's best and most interesting boutique fund managers. It's a great way to understand more about David's edge and why he believes that AI is still in its infancy in our lives.

Today’s Topics:

• The flexibility inherent in the SaltLight funds and why this is important in global markets as an opportunity maximalist.
• David's edge as an entrepreneur, with deep experience in areas like machine learning and coding. 
• The importance of "doing the work" in the research process and working with a range of potential outcomes (Expected Value Investing).
• The difference between an epoch and a trend, or even a megatrend - and why positioning a portfolio accordingly is so important.
• The paradoxical inconsistencies in global markets and how investors are viewing the different levels in the AI value chain.

Find out more about SaltLight Capital here:

• Recommended: sign up for the excellent investor letters at this link
• SaltLight Capital website
• Reach out to David Eborall on LinkedIn or X

Get in touch:

• The Magic Markets Website
• @MagicMarketsPod, @FinanceGhost, and @MohammedNalla (all on X)
• Pop us a note on LinkedIn

Disclaimer: This podcast is for informational purposes only and does not constitute financial or investment advice. SaltLight Capital Management (Pty) Ltd is an Authorised Financial Services Provider, FSP number 48286. Past performance is not an indication of future performance. Please always speak to your financial advisor when making any investment decisions.