Gavin Baker - The Cyclone Under the Surface - [Invest Like the Best, EP. 260]

In this episode of Invest Like the Best, Patrick O'Shaughnessy interviews Gavin Baker, managing partner and CIO of Atreides Management, about the recent market volatility, especially in growth equities. They discuss the impact of inflation, the Fed's response, and the disconnect between private and public market valuations. Gavin shares his insights on the semiconductor, software, and internet sectors, highlighting the importance of free cash flow and the potential for a shift in consumer spending. They also touch on the metaverse, Microsoft's acquisition of Activision, and the evolving landscape of venture capital, emphasizing the need for investors to be rational and adaptable in a rapidly changing market.