In this brilliant interview with Blue Box Asset Mangement's William de Gale we talk about everything from how to account for growth and financial modeling to his own clever and insightful mental models for tech investing. William deGale is the Lead Portfolio Manger of the Blue Box Global Technology Fund and, as of the end of March 2025, the fund has returned ~17% per annum since inception in 2018.

*~*~*~*~*

Get access to all of Speedwell Research's in-depth Research Reports here.

If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to [email protected]

-*-*-*-*-*-*-*-*-*-*-

Show Notes

(0:00) — Background

(4:55) — Growth Expectations, Nvidia, Buying Optically Expensive Stocks

(17:55) — Modeling and Reverse DCFs

(21:28) — Riding the Tech Sector

(25:19) — Why Tech and “Direct Connection”

(34:43) — Disrupters vs Enablers

(41:51) — GAAP adjustments and Mature Margin Frameworks?

(53:15) — Circle of Competence in High Tech

(57:51) — Champagne Glass Model of Tech Investing

(1:08:13) — Position Sizing

-*-*-*-*-*-*-*-*-*-*-

Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!

Sign up for Speedwell's free newsletter and weekly memos here

*~*~*~*~*

Follow Us:

Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at [email protected] for any questions, comments, or feedback.

-*-*-*-*-*-*-*-*-*-*-

Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/