At Sohn Hearts & Minds, Azora Capital chief investment officer Ravi Chopra named Nasdaq listed LPL Financial as his top stock pick.
While many fear AI will “terminate” entire industries, Chopra argues human trust in financial advisers is one thing it cannot replace.
Two decades of robo-advice has only captured 2 per cent of consumer assets and 97 per cent of clients with advisers say they’d never swap them for AI, according to Chopra. He notes that advisers have already optimised cash holdings to just 2 per cent of assets, limiting the risk posed by AI.
With earnings forecast to grow 16-fold between 2017 and 2028, trading at just 7 times earnings – half its historical average -Chopra sees a potential re-rating towards 13 times earnings, implying a price target near $US520 per share. versus $300.89 at Thursday’s close.
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According to Singapore-based global strategist with Rabobank Michael Every, countries have spent decades optimising for quarterly or annual GDP numbers without asking what growth is actually for: and that is safety, sovereignty and resilience.
Sohn Hearts & Minds today announced that Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners, will headline the near-sold-out 2026 Investment Leaders Conference in Queenstown, New Zealand, on 6 November.
It seems hard to believe, but just a little over two years ago an investment in frontier artificial-intelligence play Anthropic was considered a contrarian bet. Today the start-up behind the Claude model is on the cusp of a $US2 trillion ($2.7 trillion) stockmarket listing.
In an episode of The Astute Investor, hosted by long-standing Sohn Hearts & Minds Conference supporter LGT Wealth Management, Martin Randall speaks with Isaac Kim and Michael Romano of Lightspeed Venture Partners about the opportunities, risks and investment implications of AI.
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