Episode notes
In this episode of AUM, host Ryan Henderson sits down with Todd Ahlsten, Chief Investment Officer of Parnassus Investments. Todd shares his journey from a 22-year-old intern to leading a firm managing $46 billion in assets, reflecting on key experiences that shaped his investment philosophy.
The conversation delves into the dynamics of the semiconductor industry, the importance of wide business moats and durable competitive advantages, and the evolving relevance of companies like John Deere and Waste Management.
Todd also offers insights into the impact of AI on various sectors and highlights the critical traits for successful long-term investing.
02:13 Todd's Early Interest in Investing
04:35 Joining Parnassus Investments
05:38 Skills and Evolution in Investing
08:32 Navigating Market Noise
12:40 The ...