On today's episode we sat down with Brinton Johns & Jon Bathgate to discuss - complexity investing and power laws in emergent systems - resilience and optionality in long-term value creation - & the semiconductor industry. A very special Acquired special. acquired.fm/episodes/compl…

“All risk models are based on normal distributions — but in fact, the world doesn’t work that way.” Acquired Podcast interviews Brinton Johns & @jbathgat, who built NZS Capital after connecting through a mutual love of #ComplexSystems science and SFI's #CSSS: acquired.fm/episodes/compl…

Patrick OShaughnessy NZS Capital Thanks, Patrick. brad slingerlend and I did write about this extensively almost a decade ago now in a paper called Complexity Investing. And NZS Capital continues to write about adaptability. nzscapital.com/news/complexity

Complex systems meet investing - a writeup from Simon Evan-Cook in Citywire Wealth Manager featuring NZS Capital citywire.co.uk/new-model-advi…

Q4 2021 Investment Update from NZS Capital nzscapital.com/quarterly-lett…

"When stocks are going up, you want to have humility. When stocks are going down, you want to have confidence in your process." LPs, check your feed. We just dropped a new interview (recorded *yesterday*) with Jon Bathgate + brad slingerlend from NZS Capital. acquired.fm/episodes/nzs-c…

Semiconductors fuel the modern world Semiconductors are designed using Cadence software We explore Cadence’s entire history, business and role in this critical industry Matt Reustle hosts Brinton Johns & Jon Bathgate from NZS Capital to break it down: joincolossus.com/episodes/93241…

Podcasts with NZS Capital investors can all be found here. Recently added Jon Bathgate & brad slingerlend on the Acquired podcast and Jon and Brinton Johns on Business Breakdowns. nzscapital.com/media/recent-i…

Doing a Space in ~30 mins with some folks from Intel that are much smarter than me on semis!

NZS Capital Q1 2022 letter nzscapital.com/quarterly-lett…

"Not making predictions can be an uncomfortable behavior for many investors," writes brad slingerlend, investor at NZS Capital. "But resisting the urge to foretell future events is increasingly necessary." wealthmanagement.com/equities/zen-a…

NZS Capital's Q2 2022 market update nzscapital.com/quarterly-lett…

Great overview of complexity and Santa Fe Institute, and why you should not try to predict the future from Niall Ferguson I would write a much more optimistic conclusion: adaptability and non-zero-sum outcomes win in complex systems; we humans are very good at both. bloomberg.com/opinion/articl…

The NZS Capital investment team joined Ben Gilbert and David Rosenthal and the Acquired Podcast audience to talk Complexity Investing: youtube.com/watch?v=zc6BJ-…

Enjoyed talking to Ian King for this excellent Bloomberg article about ASML's rise and their unique position amidst the geopolitical tensions in semiconductor land.

Trane Technologies? This company embodies the irresistible allure of industrial pureplays Thank you to Brett Larson and NZS Capital for bringing this one to Business Breakdowns ▫️ $50bn market cap (TT) yet rarely discussed ▫️ 100+ year history of between independence and

NZS Capital Business Breakdowns Link to the episode and transcript: joincolossus.com/episodes/62691…

Interviews with NZS investors including recent posts from Brett Larson on Trane from Business Breakdowns and Jon Bathgate discussing the chip industry can be found here: nzscapital.com/media/recent-i…

How to Have Meetings that Don't Suck...A new paper from Brinton Johns Learn why we ♥️ to have meetings at NZS! There are some simple suggestions everyone can implement along with some uncomfortable concepts that might require a culture shift at your org. nzscapital.com/news/meetings

We have a favorite episode😉 acquired.fm/episodes/compl…