Scott Wu - Building Cognition - [Invest Like the Best, EP.402]

Bullish:

• $AIAGENTS - AI agents are expected to have widespread applications across industries, with software engineering being one of the first and most impactful areas.

  • “I think agents in general are gonna really work everywhere. Code is one of the first for a lot of reasons”

    Scott·51:31
• $NETFX - Network effects will remain valuable in the AI-driven future, with data and personalization becoming even more powerful.

  • “Network effects, I think, will always be golden. I think data and personalization is gonna be even more powerful.”

    Scott·37:20
• $AI - Solving larger AI problems may be easier and more impactful than tackling smaller issues, suggesting potential for significant advancements in AI technology.

  • “Sometimes it's easier to solve a bigger problem than it is to solve smaller problem”

    Scott·53:43

Bearish:

• $LEGACY - AI-driven implementation and migration could significantly reduce switching costs in software, potentially disrupting incumbent companies relying on lock-in effects.

  • “If Devon is just able to do all that implementation and migration and those costs go to 0, obviously, it's gonna be a lot more about having the better product.”

    Scott·37:20