The speaker mentioned Palantir (up 17x at some point) and Spotify (up 6x) as successful investments during the 2022 tech crash. He states each position returned his entire portfolio's value.
According to the speaker, a "world-class company" possesses pricing power, a cost advantage, and a demonstrable ability to deliver increasing value to customers per dollar spent. These companies are also able to adapt and thrive even during periods of economic uncertainty or market downturns.
The speaker sees the AI revolution as a significant factor driving growth in certain companies, particularly those that can use AI to increase efficiency (reducing costs and unlocking new revenue streams) and those that utilize data to create unique AI models. He believes this technological advancement is largely independent of broader macroeconomic factors.
The speaker's current plan is to maintain his existing investments and remain fully invested. He may reallocate to other positions if he discovers more compelling opportunities, but his primary strategy is to hold and do nothing.
This video discusses the speaker's investment strategy during market crashes, focusing on identifying and investing in world-class companies with strong growth potential, regardless of broader economic uncertainty. He uses the recent market downturn as an example, highlighting his success in identifying companies like Palantir and Spotify, whose stock prices significantly increased despite market volatility.