Foord Asset Management

You can own hundreds of shares and still have most of your portfolio depending on one story going exactly according to plan. At the end of September, the ten largest companies made up around 40% of the S&P 500. Many are increasingly linked to the same story of AI expansion, while the associated capital spending is beginning to extend concentration risk beyond equities. Concentration does not mean the market is about to fall. It does mean investors should understand what’s driving their returns and whether holdings that appear to be diverse, are economically dependent on the same outcome. In our latest episode, Linda Eedes examines why genuine diversification is not simply about owning more securities. Listen to the full episode via your preferred platform: Spotify: https://lnkd.in/gr6FX26M Apple Podcasts: https://lnkd.in/gybQcFDN Iono FM: https://lnkd.in/gPDKj4H4

AI was supposed to be coming for our jobs. So where is the jobs shock? Predictions about artificial intelligence replacing workers have dominated headlines in recent years. Yet many of the occupations thought to be most vulnerable are still growing, while businesses increasingly focus on helping employees use AI more effectively rather than replacing them. In this episode, Linda Eedes explores what AI’s evolving impact on employment can teach us about forecasting the future and making investment decisions. The lesson is not that AI won’t be disruptive, but rather that the future rarely unfolds exactly as expected. As investors, we believe resilience comes from maintaining valuation discipline, diversifying across multiple outcomes and remaining open to opportunities where consensus may be wrong. Listen to the full episode via your preferred platform: Spotify: https://lnkd.in/g3qHcYJW Apple Podcasts: https://lnkd.in/gKbP-YYd Iono FM: https://lnkd.in/gyN6VHHc

Markets can be unforgiving when we equate our conviction with certainty. A young hedge fund manager, known as the "Nostradamus of AI", learned this the hard way. Leopold Aschenbrenner saw his fund lose 67% as concentrated positions and leverage amplified losses during July’s sharp AI-stock sell-off. This episode offers a timely reminder that successful investing is not just about being right about the future. It’s about building portfolios that can survive the journey. Diversification, sensible valuations and avoiding leverage may seem less exciting when markets are soaring, but they can make all the difference when conditions change. Join the conversation as Linda Eedes, CFA, explores the lessons from July’s volatility and explains why resilience remains one of the most important ingredients for long-term investment success. Listen to the full episode via your preferred platform: Spotify: https://bit.ly/4x1ckn4 Apple Podcasts: https://apple.co/4zfjg19 Iono FM: https://bit.ly/4zkvN3K

Inflation is proving stickier than expected. Interest rate expectations continue to shift. Markets remain optimistic but uncertainty is never far away. So how should investors position their portfolios when the future is impossible to predict? In our latest podcast, What matters more than getting market forecasts right?, Brian Arcese, CFA speaks to Dalphin H. about Foord’s approach to navigating uncertainty through long-term portfolio construction, inflation, interest rates to valuation risk, asset allocation and capital preservation. Listen on your preferred platform Spotify: https://bit.ly/4zsJ1vk Apple Podcasts: https://apple.co/4g8YgRh Iono FM: https://bit.ly/4qeqtdW

Artificial intelligence remains one of the most powerful forces shaping markets today, driving unprecedented investment in semiconductors, cloud infrastructure and digital innovation. In our latest podcast, AI: Opportunity with Caution, Brian Arcese, CFA speaks to Jing Cong Xue about emerging risks and opportunities as the AI investment cycle matures. From soaring AI-related valuations and record capital spending to questions around profitability, productivity and long-term returns, JC explores the factors investors should be watching closely. Listen to the podcast on your preferred platform. Spotify: https://lnkd.in/ezsuFDPM Apple Podcasts: https://lnkd.in/djyJtVSH Iono FM: https://iono.fm/e/1697325

The biggest investment risk may not be overpaying for AI, but underestimating inflation. Investors continue to pour capital into companies seen as the biggest beneficiaries of the AI boom. But history shows that even powerful technological shifts can produce weak returns and capital losses when enthusiasm outpaces fundamentals. At the same time, forces that helped keep inflation low for decades, including globalisation, efficient supply chains and geopolitical stability, are beginning to unwind. In the latest Markets in a Nutshell podcast, Linda Eedes explores why inflation still matters, why valuation discipline remains essential during market enthusiasm, and how investors can think about preserving purchasing power. Listen to the full episode on your preferred platform. Spotify: https://lnkd.in/gisx5Mb8 Apple Podcasts: https://lnkd.in/gnQ3vAU6 Iono FM: https://lnkd.in/gJcwkXga