AI is forcing investors to rethink one of the most time-tested
strategies in the market—and it could have major implications for
how you build your portfolio. On this episode of In the Money
with Amber Kanwar, Dan Rohinton, Portfolio Manager at iA Global
Asset Management, makes the case that the traditional
buy-and-hold approach is no longer as reliable in a world where
artificial intelligence is accelerating disruption across nearly
every industry.
Rohinton explains why the AI supercycle is simultaneously
creating massive opportunity while eroding the durability of
long-standing business models—from software and consulting to
telecom and consumer staples. He argues that “there are no sacred
cows anymore,” with faster innovation cycles forcing investors to
be more dynamic and shorten their time horizons. At the same
time, he remains broadly bullish on the economic upside of AI,
calling it one of the most profound technological shifts since
the internet, with the potential to unlock productivity and
reshape global growth.
In the Mailbag, Rohinton tackles some of the most debated stocks
in the market today, including Constellation Software (CSU.TO),
WSP Global (WSP.TO), Blackstone (BX), Apple (AAPL), LVMH (MC.PA),
and General Mills (GIS). He explains why many of these companies
can still work tactically in the short term, even as AI
introduces long-term risks to their business models—helping
explain why some stocks are falling despite strong earnings.
In Pro Picks, Rohinton first revisits his past ideas from his
last appearance—Alphabet (GOOGL), Amazon (AMZN), and Microsoft
(MSFT)—and explains why his conviction has evolved as the AI
landscape shifts. While he’s still constructive, he’s more
measured on Alphabet, remains bullish on Amazon as a core AI
infrastructure play, and is doubling down on Microsoft (MSFT) as
his top idea today given its scale and positioning despite
near-term concerns. He also adds Meta Platforms (META),
highlighting its massive AI investment and upside if spending
translates into productivity gains, and Visa (V) as a more
defensive compounder with optionality tied to increasing payment
volumes in an AI-driven economy.
Timestamps
00:00 Trailer
02:30 Show intro
03:30 Political uncertainty is something we need to get used
to
05:30 AI agnostic to what’s going on in geopolitics
07:30 Keep an open mind but Dan universally bullish on AI
10:00 Where do you go for defence? There’s nothing truly
defensive anymore
13:00 What’s happening is the diffusion of tech into every
sector
15:50 Buy and Hold is changing because of AI
19:20 This is a time for extreme thinking
22:20: Hamilton ETFs:
24:30 ITM Mailbag: Constellation Software stock(CSU)
32:30 WSP Global stock(WSP)
37:30 Blackstone stock(BX)
39:45 Apple stock (AAPL)
43:00 LVMH stock (MC)
46:20 General Mills stock (GIS)
49:20 Past & Pro Picks (GOOG, AMZN, MSFT, META, V)
Sponsors
For over 25 years, Raymond James has been helping Canadians
achieve their financial goals. Visit https://raymondjames.ca
today to discover how you can live a life well planned.
Pro Picks is brought to you by ATB Financial. Visit
https://ATB.com/inthemoney for more information
The mailbag is sponsored by Hamilton ETFs. For more information
on the Hamilton Enhanced Mixed Asset Allocation ETF visit:
https://hamiltonetfs.com/etf/mix/
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DISCLAIMERS
The information provided in this podcast is for informational
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are their own and do not necessarily reflect the opinions of any
organization or company. The host and guests may maintain
positions in any securities discussed on the podcast. Always
consult with a qualified financial advisor or professional before
making any investment decisions. In this episode we discuss
Intel, Google, General Mills, Microsoft, Meta, Constellation
Software, Apple & Amazon.
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