Liam Dalton, CIO of Willow Lake Strategic Advisors, joins me for Episode 4 of Mispriced Assets.
We talk about how Liam approaches markets through macro, fundamentals and technicals, why AI has become the dominant force in the current cycle, and where the next leg of the trade could come from.
Most of the conversation centers on the AI infrastructure buildout: the memory shortage, Micron, SK Hynix, Samsung, semiconductor equipment, hyperscaler spending, and the game theory around who finally breaks discipline and builds more capacity. We also get into why the next major opportunity could sit further upstream in the companies supplying the tools required to build that capacity.
Then we turn to the risks: rates, credit, energy, the real economy, politics, and whether one of the largest earnings booms in market history eventually has to be followed by an earnings bust.
Disclaimer
This podcast is provided for informational and educational purposes only. Nothing discussed constitutes accounting, legal, tax, or investment advice, a recommendation regarding any security or investment strategy, or an offer or solicitation to buy or sell any security or financial instrument.
Investing involves risk, including the possible loss of principal. Any securities, companies, industries, trades, or investment strategies discussed are included for illustrative and discussion purposes only and should not be considered recommendations. Past performance is not indicative of future results, and no representation is made that any investment or strategy discussed will be profitable.
The views and opinions expressed are those of the individual speaker and may change at any time without notice. They do not necessarily represent the views of Mispriced Assets, Willow Lake Strategic Advisors, or any affiliated entity unless specifically stated otherwise.
The hosts, guests, their employers, affiliated entities, clients, or related accounts may hold, buy, sell, or otherwise transact in securities or financial instruments discussed in this podcast, before or after publication, and may have economic interests that differ from those of viewers.
Information discussed may come from public sources or other sources believed to be reliable, but its accuracy, completeness, and timeliness are not guaranteed. No warranty or representation is made regarding the information presented. Viewers should conduct their own research and consult their own financial, legal, accounting, or tax advisers before making any investment decision.
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