Sean Stannard-Stockton, President and Chief Investment Officer of Ensemble Capital Management, joined the MOI Global community at Latticework New York 2019, held at the Yale Club in September.
Sean illustrated why Buffett rejected “tech” investing in 1999 and is embracing it now — Buffett has gone so far as to say he wants the Berkshire portfolio to look more like “FAANG” (Facebook, Apple, Amazon, Netflix, Google).
Sean asserted that the phrase “tech investing” or “tech stocks” is misleading. A focus on cash flow production and moats shows why FAANG is aligned with a Buffett-inspired philosophy.
Sean dove into several companies, including Netflix, Landstar, and Mastercard, to highlight how those tech-enabled businesses generate sustainable cash flow streams in ways that “tech stocks” of the past did not.
This private audio recording is a special episode of the Latticework Podcast, available exclusively to MOI Global members below.
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About The Author: MOI Global Editorial Team
The MOI Global Editorial Team, led by John Mihaljevic, CFA, includes community builders, event organizers, writers, editors, research associates, security analysts, and fanatical member support advocates. Our sole purpose is to serve the members of MOI Global as well as we possibly can in order to help them learn, invest intelligently, and build lifelong friendships with like-minded people.
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