Interview recorded - 13/12/2024

On this episode of the WTFinance podcast I had the pleasure of welcoming on Chief Strategist of Citrini Research. They cover Thematic Equity with a top down approach. 

During our conversation we spoke about the thematic equity approach on investing, review of 2024, thoughts on 2025, risk of Nvidia slowdown, return of Arkk, anti-trends, selling too early and more. I hope you enjoy!

0:00 - Introduction
1:37 - Citrini investment strategy
5:13 - What drives markets?
8:15 - Review of 2024
13:55 - Collection of trends
17:05 - 25 trades for 2025
24:47 - Nvidia slowdown?
30:20 - 2025 Risks?
34:20 - Small cap vs hyperscaler?
36:30 - Looking past Trump speak
39:20 - Return of Arkk
44:55 - Anti-trends
53:37 - Selling too early
59:27 - One message to takeaway?

Over the past century, 40% of shareholder returns have come from 1% of all companies.

Identifying these companies is oftentimes a function of investor’s early discovery of market themes & narratives. Those “megatrends” affecting not just individual companies or sectors but the entire economy.

This is the kind of approach to investing utilized at Citrini Research. They attempt to highlight and demystify themes that will define the market’s distribution of returns for years to come.

By incorporating macroeconomics, second-order thinking, top-down sector analysis and a lateral approach to individual equities and markets in general, they aim to discover early & expand upon these themes for their clients.

It is their most firmly held conviction that narratives drive markets more than any other factor. While their strategy has been defined in many ways by many people, they are solely concerned with one thing: doing what works.

Citrini -

Website - https://www.citriniresearch.com/
X - https://x.com/Citrini7

WTFinance -

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