technology

“Hedge funds tend to traffic in technology where there's a lot of winners and losers and consumer names where they can walk into the stores and understand them, and you see that in the data.”

“The length of time to complete searches has not shortened. Because it is a people business, it is, it's based on personal relationships, meeting people in person, building trust, establishing credibility, both with the search firm and the candidate, and then t…”

“Because whereas a few years ago, the hardest part of building a technology company was actually building the technology. Now, for most of these companies, it's just getting to market. The technology, in many ways, is just a commodity. And so in underwriting wh…”

“There's going to be a rollover in technology at some point in time. And there was earlier in my career, you know, in 2000, and that that's likely to happen, at least in the valuation of companies and the access of capital to companies, which will cause some of…”

“Wherever You have a lack of infrastructure in anything, a new technology can come in, overpower everything. It's when you have a very powerful old infrastructure, it takes technology a longer period of time to overwhelm the old infrastructure”

“We don't think that skill is widely available in equity markets today. Technology means that it's being arbitraged away very quickly”

“Where technological advance comes into play has more to do with the efficiency of information and risk than in making investment decisions. And the reason for that is fairly simple, which is that As you get a few layers away from the underlying asset, you have…”

“I think if you don't understand what's going on in technology in this world, you're at a big disadvantage, even if you're just a macro investor and just doing macro.”

“One of the things I think I learned was that it's really, really hard to be a value investor in technology”

“And one of the things that's happened over the years is that turnarounds have become more difficult because technology and the disruption from technology and the velocity of the change in that is so great that if you fall behind, it's very, very hard to catch …”

“In technology, you have network effects. In consumer goods, you have brand virality. And in healthcare, especially in pharmaceuticals, through history, you notice there are negative feedback loops, right? You have big, major counterparties, namely managed care…”

“Technology can change the world and still be overvalued.”

“It's no longer about tech versus the rest of the world. Old economy names are now going to differentiate themselves based on how they apply tech.”