Finding the Next Great Tech Compounders | John Tinsman

In this episode of Excess Returns, John Tinsman from AOT Invest discusses his investment strategy, particularly focusing on the AOT Growth and Innovation ETF (AOTG). He shares his journey into investing, highlighting the importance of low marginal cost companies, which he refers to as "digital toll booths," exemplified by companies like Visa and Microsoft. Tinsman emphasizes investing in profitable companies with high revenue growth, especially within the technology sector, and the potential of AI to lower software development costs and increase innovation. The conversation explores the historical performance of growth versus value stocks, the significance of cross-sector thematic investing, and the tax benefits of ETFs. Tinsman also shares his views on sector diversification, the impact of AI on large companies, and the importance of focusing on companies that can sustain long-term earnings growth.