Clay and investor Adam Seessel discuss recent Big Tech developments and Adam's insights since his 2022 book, Where the Money Is. Adam started his investing career at Sanford C. Bernstein, Baron Capital, and Davis Selected Advisors before founding his own firm, Gravity Capital Management. Since the mid-2000s, he has consistently outperformed the S&P 500 and has contributed to Barron’s and Fortune. IN THIS EPISODE YOU’LL LEARN: 0:00:00 - Intro 0:01:18 - Pivotal moments in Adam’s investment career 0:07:40 - The creation of Value 3.0 0:10:20 - What percent of the market’s gains comes from tech 0:13:30 - How to use the intrinsic value construct to make investment decisions 0:19:13 - Berkshire missing the tech wave 0:27:56 - Adam’s updated view on Alphabet 0:31:28 - The DOJ Ruling 0:38:33 - Adam’s updated view on Amazon 0:43:42 - Microsoft & Apple 0:46:30 - Nvidia 0:49:46 - What’s your AI strategy? 0:53:37 - Progressive Insurance 0:00:00 - Outro 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 📊 Add the Fundrise Flagship Fund to your portfolio in just minutes and with as little as $10. http://fundrise.com/wsb 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - Valuing Tech Stocks w/ Adam Seessel: https://youtu.be/Uzy1chIKAWk - Value Investing in the Digital Age w/ Adam Seesse: https://youtu.be/0YOUtL9ixFk - Value Investing in the Digital Age: Learn the BMP Method! w/ Adam Seessel: https://youtu.be/6wEbM-bvHWM - Investing in Tech Stocks - Adobe, Airbnb, Fanduel, & Redfin w/ Adam Seessel: https://youtu.be/bVXfoRkEFzI - A Guide to Technology, Truth, and Building the Future w/ Eric Jorgenson: https://youtu.be/xEiEMdcwq1o 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/big-tech-stocks-adam-seessel/ 📖 BOOK MENTIONED: - Where the Money Is by Adam Seessel: https://amzn.to/49S4j98 Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙 On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/ 📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.