Complexity Investing & Semiconductors (with NZS Capital)

Of our 65+ sources for the TSMC episode, one stood above the
rest: a wonderful Knowledge Project episode with Brinton Johns
and Jon Bathgate of NZS Capital laying out the state of the
semiconductor market. When coincidentally we met Brinton a week
later, we knew fate was telling us we had to dig deeper. It turns
out NZS has a lot more to teach Acquired than just about semis!
Here we dive into their fascinating philosophy of "complexity
investing", which was born out of their interactions with the
world-famous Santa Fe Institute (of W. Brian Arthur and
Increasing Returns fame!)... and of course we also throw in some
semiconductor shop-talk for good measure. :)


Sponsors:


WorkOS: https://bit.ly/workos25

Sierra: https://bit.ly/acquiredsierra

Sentry: https://bit.ly/acquiredsentry

Anthropic: https://bit.ly/acquiredclaude25



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Links:

NZS Capital: https://www.nzscapital.com

The Santa Fe Institute: https://www.santafe.edu

NZS's white paper on Complexity Investing:
 https://static1.squarespace.com/static/5ca38f3216b6405d11e3d4b4/t/60131df6a8d27d63432ea5ff/1611865607574/Complexity_2021update-v9pt2.pdf

Brinton & Jon on The Knowledge Project:
https://www.youtube.com/watch?v=r6NUO_bymuA

Twitter: 

Brinton: https://twitter.com/bjohns3

Jon: https://twitter.com/jbathgate

Brad: https://twitter.com/bradsling





 ‍Note: Acquired hosts and guests may hold assets discussed
in this episode. This podcast is not investment advice, and is
intended for informational and entertainment purposes only. You
should do your own research and make your own independent
decisions when considering any financial transactions.