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With mobile devices, connected homes, connected vehicles, the internet of things, and 5G networks, our demand for data is growing rapidly year-over-year, requiring ever-increasing speed, reliability and security. In this week's Pod, we put two fast-growing content delivery networks, Cloudflare and Fastly, head-to-head to decide which one is the better investment right now. Cloudflare and Fastly are both leading the evolution of edge computing, bringing not only data but processing closer to the end-users. Having computing resources at the edge improves latency and speeds, enabling new applications such as connected autonomous vehicles and cloud gaming. Cloudflare has over 200 points of presence (PoPs) in over 100 countries, putting 99% of the connected population within 100ms of the edge. While Fastly has 60 PoPs in 26 countries with their ultra-high-performance technology. The total addressable market is estimated to reach $117B by 2025, as both companies expand out of their content delivery origins into edge computing and network security. With annual revenues of $300M-$400M, there's a lot of runway for both companies to continue to grow. Both Cloudflare and Fastly have rich valuations, but Cloudflare is currently priced significantly higher. Does Cloudflare’s business performance justify this difference or is Fastly a relative bargain? ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope For useful further reading see: https://softwarestackinvesting.com/fastly-fsly-q1-2020-earnings-results-review/ https://hhhypergrowth.com/flare-ups/

In response to a listener question, this week we discuss investing in Hong Kong and Asia. Albert shares his approach to finding and researching local stocks as a non-native speaker, and highlights some of the key megatrends that driving his Asia investments. We also review a number of Hong Kong and China companies, as Luke begins to plan his own investments in the region. The Hong Kong stock market is one of the most active in the world, with an average daily trading volume over half that of the New York Stock Exchange, providing an active and liquid market with a vibrant IPO scene China is the second-largest economy after the US and continues to grow quickly, and their 5-Year Plans may give clues on future growth areas In some areas, China is ahead of the west with wider adoption of technologies such as electric vehicles, renewable energy and electronic payments Megatrend investing is as applicable in Hong Kong and China as it is anywhere else. Regional trends sometimes become global trends, and it helps to keep an eye on what's happening around the globe Investors have an advantage in their home market as they will often hear of promising local companies before global investors, and may be able to get a head start and invest early ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope References: This week Luke read RESET: How to Restart Your Life and Get F.U. Money by David Sawyer

This week, we take a step back and look at how we manage our own stock portfolios, distilling out the principles that have allowed us to achieve market-beating returns over the long-term. We believe it boils down to three primary skills - your ability to manage your temperament, your ability to manage your portfolio as a whole, and finally your ability to choose good quality companies. Managing yourself Avoid emotional investing and acting on impulse, whether it’s from greed or fear. Have a plan and respond to market conditions accordingly Be humble and realise you can't know everything when it comes to an investment. Collaborate and share your thinking, and be open to challenge. Don’t get too proud of yourself over your winners, or too despondent over your losers - learn and move on Invest in a way that allows you to sleep at night and have peace of mind. The point of investing is to be free of money worries, not to be the cause of them Managing your portfolio The key to balancing risk and reward is how you allocate your portfolio across different asset classes, different sectors and different stocks Diversify your stocks across different sectors, market caps and where possible, geographical revenues, and yet don’t have so many stocks that your portfolio starts to resemble an index A particular investment is not suitable for everyone. Structure your portfolio based on your financial goals and your appetite for risk, not someone else’s Managing your stocks Do your own due diligence! Understand what you’re investing in, and build conviction in the companies that you own. You're investing in companies not trading in tickers Invest in the companies whose mission you love and want to support with your investment $. It’s easier to stay the course when your portfolio is aligned with your values and interests Use a framework to assess companies and businesses objectively, so that you can maximise your chances of identifying the winners of the future ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope References: We really like AdventuresinFI's framework for considering whether you should sell an investment, available at: https://adventuresinfi.substack.com/p/on-discipline-and-process

Superbowl Sunday has some of the most coveted ad spaces in the business, with 30-second slots commanding over $5M each. But what if advertisers could target their spend, and viewers at home could see different adverts depending on their interests? In this week’s episode, Luke & Albert talk about programmatic advertising, and deep dive into a fast-growing player in this space, Magnite. The loss of live sports during the pandemic has accelerated cord-cutting and the move from linear TV to connected TV, which is driving the adoption of programmatic advertising, as ad-supported services complement subscription services It’s not just connected TV that can benefit from programmatic advertising - desktop, mobile, podcasts, and potentially video games, virtual reality and augmented reality could offer ad-supported models for consumers to receive free content in exchange for receiving adverts tailored to their interests Magnite is the world’s largest independent supply-side platform (SSP) for programmatic advertising, which holds auctions for ad space in real-time, allowing publishers to maximise their ad revenue, advertisers to reach their target audience, and consumers to see more relevant ads Publishers and advertisers are increasingly turning to independent platforms to avoid conflicts of interest with the ad platform itself. Walled gardens such as Google and Amazon often have their own products and services to promote Working with the leading demand-side programmatic ad platform, The Trade Desk, Magnite will adopt Unified Id 2.0 to allow targeted ads in exchange for free content, bypassing the need for 3rd-party cookies, and protecting user privacy In 2020, CTV accounted for 29% of TV viewing in the US but only captured 3% of the total TV ad budget. With CTV viewing increasing and linear TV decreasing, this gap is not likely to hold for long, and the recent acquisition of SpotX enhances Magnite’s presence in the connected TV advertising market, especially in live sports and live news ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

This week, Luke and Albert complete their model portfolio for 2021 with the final eight stocks, announcing their picks for the megatrends of biotech, digital transformation, flexible workforce and multichannel marketing. The model portfolio contains the stocks that they will be invested in over the coming year, so it's time to put the chips on the line! Biotechs like Editas are starting to realise the promise of Crispr gene editing, delivering revolutionary new therapies. While simpler cancer screening from Guardant Health may offer early detection and better patient outcomes Many companies are undergoing a digital transformation, and they're increasingly partnering with Crowdstrike to protect themselves against hackers; with Cloudflare to provide increasing quantities of content and data to their users more quickly; and with Twilio to automate their communication with customers as they scale-up Doing business and making deals is just easier with e-signatures from DocuSign, but that’s just the beginning of their contract management capabilities. And freelancers can find potential employers on Fiverr as people seek a more flexible work-life balance and increasingly work from home Digital advertising is set to grow across many channels, from the desktop and mobile to apps and connected TV. Magnite is the world’s largest sell-side platform for buying and selling this digital advertising space The guys also goggle at the madness of the Gamestop drama going down at r/wallstreetbets. ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

In this week’s episode, Luke and Albert reveal the first half of their model portfolio for 2021, covering the megatrends of e-commerce, fintech, medtech and entertainment. They also answer a listener question about one of the best problems to have as an investor - what to do when one of your stocks grows to become an oversized position within your portfolio! ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

In today's podcast, Luke and Albert begin the design of a new model portfolio for 2021, containing the companies that they believe will achieve market-beating returns this year and beyond. In this kick-off episode, they consider the megatrends that are likely to shape the world around us for the years ahead, and decide what proportion of the portfolio they would like to devote to each of them. ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

At Telescope Investing, we believe that the journey to building wealth and financial independence is actually pretty straight-forward. It’s really not much more complicated than finding good quality companies, that are operating in growth areas, and investing in them for a long time. Last July we created a ‘model portfolio’, our best ideas for new investment at that time. In the five months since inception, it’s generated a 40% return. Over the same period, the S&P 500 has returned 16.5%. In the first episode of the new year, we review the model portfolio in-depth, and to try to understand why it’s done so well. We walk through the stocks we included, explain why we chose them, but more importantly we discuss the principles that guided us as we designed the portfolio. The year-end position for the model portfolio is detailed at the Telescope Investing website: https://telescopeinvesting.com/podcast-20-2020-model-portfolio-review/ ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

We all make mistakes, and some mistakes hit your wallet as well as your pride. For the last episode of the year on the Telescope Podcast, Luke and Albert invite you to chuckle at their expense as they talk about some of their biggest financial mistakes, not only in investing but also in life. One of us blew his investment returns on luxuries way too early, ham-stringing long-term growth One of us thought he was a trading genius, buying low and selling high in penny stocks, but managed to realise the error of his ways before losing his shirt One of us saw his investment in Twitter drop, so he had the smart idea of doubling-down, only to see it drop further. Since it worked so well the first time, he doubled down again… One of us missed out on a 12X return on Apple because he wasn’t able to buy the stock one time, and he still hasn’t invested! One of us spent €500K on overseas property without doing any due diligence, lured by the promise of a quick profit (DYODD!) One of us was surrounded by stuff he didn’t need, wondering why he didn't have more money to invest, until he discovered minimalism In this week's episode, we also take a look at a company suggested by one of our listeners, Quantafuel, a company tackling the huge problem of plastic waste in an innovative way. Is this the next growth sector in the fight against climate change and environmental harm? ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

The stock market in 2020 has been one of extremes, with a market crash triggered by a pandemic at the start of the year, followed by one of the fastest market recoveries in history. Many stock markets around the world are seeing all-time highs, most notably in the US. In this week’s episode, Luke and Albert take a look back at a few of the trades they made in 2020 that, for whatever reason, have been the most significant for them. With a market capitalisation approaching $800B, Facebook has become a behemoth, but does have too much influence in our lives? With businesses in gaming, online shopping, e-payments and now digital banking, was Sea a good stock to buy during the market crash? Telemedicine has been one of the big winners of 2020, and Teladoc has been a key beneficiary of this trend, but how much would you invest now? Stock markets are surging, pushing valuations of many companies to all-time highs. Is Chipotle Mexican Grill now too expensive to justify its future growth potential? With many people working and shopping from home, StitchFix has prospered with its online curated clothing business, but is it doing enough to retain its customers? We did a deep dive into Fiverr in one of our earlier podcasts, but did the intel we found on this fast-growing platform connecting employers to freelancers impress us enough to invest ourselves? ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

Luke and Albert use this week’s episode to share some of the resources they use to find new investment trends and opportunities, and track and manage their investments. The following resources are mentioned on the show. Books https://www.goodreads.com/book/show/25465101-a-wealth-of-common-sense https://www.goodreads.com/book/show/41881472-the-psychology-of-money https://www.goodreads.com/book/show/1202.Freakonomics https://www.goodreads.com/book/show/70420.The_Undercover_Economist https://www.goodreads.com/book/show/38820046-21-lessons-for-the-21st-century https://www.goodreads.com/book/show/11468377-thinking-fast-and-slow Websites https://www.fool.com/ https://www.collaborativefund.com/blog/ https://softwarestackinvesting.com/ https://www.morningbrew.com/ https://hypercharts.co/ https://stockrow.com/ https://www.statista.com/ Twitter https://twitter.com/TMFStoffel https://twitter.com/BrianFeroldi https://twitter.com/morganhousel https://twitter.com/TMFJMo Podcasts https://snacks.robinhood.com/ https://slate.com/podcasts/slate-money https://www.npr.org/podcasts/510289/planet-money/ https://linktr.ee/allinpodcast ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

Advances in food technology are allowing us to feed a growing population more efficiently and sustainably, and one innovation that has appeared in recent years is plant-based meat. In this week’s episode, Luke & Albert talk about the tailwinds behind the growth in the plant-based meat industry, and look at two companies leading the movement: Beyond Meat and Green Monday. ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

Last week, we invited listeners to suggest a company that could be a 100-bagger of the future for us to discuss on the podcast. Out of all the suggestions, one stood out with its vision, scope, and growth potential, and that company is Kahoot! On this week's episode, we take a deep-dive into Kahoot!, looking at what they do, how they began, and where the company could go from here - is Kahoot! a potential 100-bagger of the future? We would like to thank one of our listeners, Jens, for this fantastic investment idea. A copy of Chris Mayer's book is on its way to Denmark to thank him for his winning 100-bagger suggestion! ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

If you'd invested $1,000 in Amazon at its IPO in 1997, your shares would now be worth over $2,000,000. Investing in the right companies can result in life-changing returns, but how do you find those companies? In this week’s episode, Luke & Albert take a look at Christopher Mayer’s book, '100 Baggers', and discuss some of the core principles of finding extreme growth companies You can buy Chris' book here: Amazon UK Amazon US We're also doing a book giveaway in the episode, listen to the end to find out how to win. You can email us at feedback@telescopeinvesting.com. ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

News about vaccines for COVID-19 is coming out thick and fast, and we could have the global pandemic in our rearview mirror before too long. In this week’s episode, Luke & Albert talk about how the vaccines could affect markets and follow up with a discussion on the megatrend of biomedicine. Recent advances in genetics such as CRISPR have the potential to deliver amazing new treatments for many incurable conditions, and the guys discuss some of the companies working on these life-changing therapies and consider whether they're worth investment ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

In this week’s episode, Luke & Albert discuss the important topic of investing for your children, and teaching them about money from an early age. They're joined on the podcast by a special guest, Ramesh, to hear how he's building a strong financial foundation for his three boys, taking advantage of tax-efficient savings options that will hopefully avoid them needing to depend on the 'bank of mum and dad' when they fly the nest ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

After Amazon announced another record quarter last week, it's easy to forget that there are other companies helping the world to shop online. In this week’s episode, Luke and Albert take a look at four other e-commerce companies experiencing the tailwinds of online shopping during the coronavirus pandemic, and consider their prospects going forward ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

In this week’s episode, Luke and Albert debate the merits of owning dividend vs growth stocks. With differing viewpoints, they present their cases for and against dividends, and somehow someone brings up the subject of vegan sausage rolls. No Trump mute button was needed during this debate! ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

Fiverr is an online marketplace connecting freelancers with clients, and its stock price has rocketed since the start of the coronavirus pandemic. In this week’s episode, Luke and Albert dive into Fiverr’s business to see if it is worth considering as a good long-term investment ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope

Working from home has been one of the hallmarks of the Coronacomony, but the nature of work was already changing. In this week’s episode, Luke & Albert talk about the drivers and the impacts of an increasingly mobile workforce and share their stock tips for this megatrend ----- If you enjoyed this episode, please consider subscribing to the Telescope Investing website at https://telescopeinvesting.com/subscribe/ Or you can contact the hosts Luke & Albert at https://twitter.com/LukeTelescope https://twitter.com/AlbertTelescope