No. of Recommendations: 7
Specialty insurers, insurance brokers, data brokers, software, exchanges: a year ago, moaty compounders with enviable returns on capital (many at lofty valuations), now all doomed buggy-whip makers, because LLMs / agentic whatever. You could look at travel agents/platforms as well, but I haven't. Full disclosure: I have an anti-"AI" bias. It seems every time I start a new task, I now have to minimize a pushy prompt from whatever piece of software I'm using, desperately trying to convince me that an LLM can do the work.
all numbers ttm
ADBE -38%
ADP -30.25%
AJG -41.35%
AON -15.72%
BRO -51.03%
CHG.DE -25%
CSGP -56%
CSU.TO -44.4%
EFX -35.42%
FI -73% (!)
FICO -32.55%
FIS -49.01%
HRB -36%
ICE -22.8 %
INTU -59.27%
LSEG.L -22.6%(in $USD)
KNSL -38.78%
MRSH -33.02%
SPGI -19.5%
TOI.V -43.62%
WTW -20%
Positions in some of the above, and a raft of limit orders
