How to resist the magnetism of the magnificent seven 🎧

Buoyed by the ongoing excitement around artificial intelligence, the so-called “magnificent seven” (Apple, Amazon, Google, Meta, Microsoft, NVIDIA and Tesla) have been able to count themselves among this year's biggest winners. And it is easy to understand why: They are great businesses at the forefront of the latest tech developments, and they are expected to deliver exceptional growth. That said, history reminds us that it is exceptionally hard to exceed high expectations over the long term - particularly when they are already baked into a company's share price.

In conversation with Tamryn Lamb, Allan Gray portfolio manager Tim Acker and Graeme Forster, portfolio manager at our offshore partner, Orbis, explain why we share the belief that good, undervalued businesses with fewer hurdles to overcome remain the best bet for long-term investors. They also delve into some of their favourite global investment ideas.

🎧 Listen to the podcast here at the Allan Gray website.

You can also listen to the podcast on Apple Podcasts, Spotify, Google Podcasts and many other popular podcasting platforms.

Our Integrated Wealthcare approach is based on your personal priorities and aspirations. This process is designed to give you a clear course of action for pursuing your goals that span various time horizons and life stages to empower you to do extraordinary things with your wealth, both now and in the future.

I look forward to talking with you again soon.

Yours in health,

Shane Thom, CFP^® GTP(SA)™
Managing Partner // Key Individual // Integrated Wealthcare Advisor // Personal Portfolio Manager (PPM)