Mark Cooper on global small cap value, AI and managing small cap long/short at MAC Alpha | S08 E13 – The Acquirers Podcast

Mark Cooper on global small cap value, AI and managing small cap long/short at MAC Alpha | S08 E13 – The Acquirers Podcast — Transcript

Market views

Bullish

INTLSMALLVALUE— International small cap value stocks are at their most attractive levels in 50-100 years and need to triple to reach their 55-year average versus the S&P 500.
UKEQUITIES— UK equities are significantly undervalued and represent the biggest overweight in the portfolio.
INDUSTRIALS— Industrial companies have longer-lived competitive advantages and better earnings visibility than other sectors.

Bearish

RUSSELL2000— The shorting opportunity in U.S. small caps is better than during the dot-com bubble, with many unprofitable companies trading at extreme valuations.
SPY— S&P 500 expected to have flat to negative returns over the next decade with potential for a 50% drawdown.
OPENAI— OpenAI's revenue growth promises are unrealistic and would require unprecedented scaling that faces significant infrastructure and commodity constraints.
AIINFRA— AI infrastructure buildout faces severe constraints from commodity shortages, nuclear power limitations, and construction bottlenecks.

Not investment advice.