Investing in innovation through founder-led companies – Dan Kelley

Today, we chat with Portfolio Manager Dan Kelley about founder-led companies and where he’s seeing opportunities in areas of AI and innovation. He discusses Founders Class Fund, which focuses on companies whose founders are still deeply involved in its daily operations. Dan highlights the appeal of founder-led companies, including those in the "Mag 7," which are closely tied to secular trends. He also anticipates broader opportunities, particularly in cyclically driven companies that have been cautious until now. He adds despite concerns of an economic slowdown, he identifies opportunities in consumer cyclicals and financials, where many companies are currently undervalued and offer promising long-term growth. Dan explains his excitement for the potential of generative AI, seeing it as a transformative technology with the ability to revolutionize daily life. But he adds, the rapid growth in AI, could cause some instability in the long term. And while the fund is predominantly focused on U.S. companies, it does have some international exposure, including Canada.

Recorded on August 13, 2024.

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