My conversation with Alex Sacerdote, founder of Whale Rock Capital Management.

Alex runs more than $17B and has been one of the best performing tech investors for years, though he keeps a low public profile.

As you'll hear, he is singular in how he thinks about investing through technology cycles.

For over 25 years, he has built his entire investment framework around a single idea, the S-curve.

We discuss: - The AI L-Curve - When to buy into an S-curve and when to sell out - The de-commoditization of data center hardware - Why he went net short software - His two models for tech adoption - Finding alpha

Enjoy!

Timestamps 0:00 Intro 9:55 AI's L-Curve 19:31 Whale Rock's S-Curve Playbook 26:14 Spotting Inflection Points 32:02 Finding AI Winners 40:04 AI vs Software 48:13 The Hardware Renaissance 58:04 Why Investors Miss AI 1:05:18 Whale Rock's Research Machine