00:00 Speaker A
I want to get your hot take, uh, at the end here. And I remember you were really the first one that told me, uh, about a company called Deepseek, like months before that whole Deepseek sell-off came to light, and many people even knew what the company did. I looked it up and I’m like, okay, I guess, I get what Eric’s talking about. I push it off the side. I mean, I discounted it. What else is on your radar that investors in tech or markets, uh, more broadly need to look out on? Well, where, what is cool and what’s happening?
00:51 Speaker B
I think, I would say that we’ve gotten addicted over these last few years to the Magnificent Seven. And and with triple ETFs for, you know, single names, like, you know, bearish, you know, Tesla ETF, Tesla queue and all this kind of stuff, you know, ETFs. Um, that’s, these have all contributed, you know, so much part of our, you know, the S&P 500, the NASDAQ 100, and so forth. Um, these have exaggerated kind of, you know, these sort of market moves in these, in these big names. And, and so I, I, I just think that, um, they’re great companies. There’s a reason why they’re so large and cash generating and so forth. Um, so, but I don’t think they deserve probably as much a percentage of your own portfolio, uh, as maybe we, you know, you would have thought like a year ago, two years ago when they were just like, you know, shooting the lights out, um, in 2023 and 2024. So, I, I think, I think, uh, a lot of investors want to, should take a step back and sort of, you know, try to discover, um, the, the smaller names within tech. Tech is going to continue to be the place where people are, you know, just drawn like a moth to the flame because of, you know, growth expectations. Uh, but, you know, more cash should be put into some of these smaller names. I think there’s, there is going to be a renaissance of these smaller growth names in the years ahead.