Growth investing has long been a favored strategy for investors seeking to capitalize on the potential of high-growth companies. It's a path often chosen by those who firmly believe in the power of innovation, the potential of disruptive technologies, and the dynamic nature of markets in constant flux. While growth investing is not without risks, it promises the thrill of discovering the next big thing.

In this episode, Rusty and Robyn talk with Tom Galvin, Lead Portfolio Manager at Columbia Management. Tom has led the strategy since he joined one of the Columbia Threadneedle Investments legacy firms in 2003. With over 20 years of experience as a leading equity strategist and securities analyst, Tom has been named to Institutional Investor's All-America Research Team and The Wall Street Journal’s All-Star Analyst Team.

Known for his expertise in highly concentrated growth investing and deep understanding of the technology and consumer sectors, Tom talks about growth investing, diversification, and the future of active management. He also shares his thoughts on the current market conditions, the impact of higher interest rates on growth companies, and his outlook for the “magnificent seven” stocks.

Key Takeaways

Quotes

[07:01] - "Our growth strategy is not 'the' solution, but we're part of a solution." ~ Tom Galvin

[16:13] - "As analysts or portfolio managers, we are like detectives. Any detective story you have ever seen on TV usually follows the money trail. That's exactly what we're trying to accomplish." ~ Tom Galvin

[18:45] - "The market tends to lead the economy because it's less interested in what happened last year and more interested in what might happen in the future." ~ Tom Galvin

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3052-OPS-11/8/2023