Why do top-tier funds always manage to buy the next Nvidia?

ME AI Message: The founder of the asset management firm Whale Rock, Alex Sacerdote, said that the core of technology investing is to seize the exponential-growth phase of the S-curve—buying when profits are undervalued. He admitted that he once bought Nvidia and Tesla at a 4x price-to-earnings ratio, relying on identifying competitive advantages and undervalued earning potential. The approach is easy to understand, but few truly manage to do it—because most people only focus on next quarter and don’t believe in exponential growth. (Source: Wall Street Insights)
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