3-20-2025 In this interview, Gary Black covers how megatrends like social media, mobility, healthcare advancements and more are reshaping industries. These trends form the foundation of The Future Fund’s investment strategies, guiding decisions on both the long and short sides of the market.
TRANSCRIPT
Megatrends. That whole concept certainly appealed to me personally to get involved. I'm on the Advisory Board, as you know, and Peter Lynch in '82 who ran the Magellan Fund famously said, "know what you own and why you own it." I hope investors will start to come back to really understanding and having a thesis as to why they can make money, hence the megatrends. And if you really go back and study history, I think you'll find that one of the best ways to understand what you're investing in and make money is to deal with companies that are very profitable and are going to dominate their industries.
Megatrends, to me, are big secular trends. They don't really change over time. There's things that you'd say they're kind of common sense. And so I think about the megatrends. It's 24 7 information entertainment. It's social media replacing traditional media. It's e-commerce, replacing bricks and mortar, mobility - so people, they do everything on their phone, they're not doing things on their desktop. It's AI and Automation, FinTech. So digital banking and financials is important. People are getting older. So as people get older, they buy more drugs, they buy more healthcare. Data privacy and security is another big mega trend. And then climate sustainability is probably the last big megatrend. I played that with EVs and there are other ways to play it like solar energy. So, those are our big megatrends that we use and they form the backbone of our portfolios, both on the long and short side.
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Opinions expressed are attributable to the speakers and are as of the date of this interview in February 2025. The Future Fund LLC is an SEC-registered investment advisor and advisor to The Future Fund ETFs.
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