Inside Coatue: $70B Hedge Fund’s AI & Retail Strategy

In this episode of the Sorcery podcast, Michael Barton from Coatue, an asset management firm, discusses the evolution of the public market, the impact of retail investors, and the role of AI in driving revenue, particularly in advertising. He shares insights on how Coatue sources investment ideas from the internet and how they evaluate companies, using Applovin as a case study. Barton also touches on the potential disruption of traditional advertising models by AI-driven shopping agents and the importance of staying at the forefront of technological advancements by engaging with industry practitioners. He further explores the implications of AI on job automation, the need for new industries, and the potential for significant growth in the stock market due to AI's impact on company revenues and margins. Finally, he explains Coatue's investment strategies, risk management approach, and the importance of simplifying complex analyses for effective decision-making.