William de Gale, is Co-Founder and Lead Portfolio Manager at BlueBox Asset Management, where he manages the BlueBox Global Technology Fund. He brings over 20 years of experience in global technology investing, including more than a decade at BlackRock running its offshore global technology strategy with top-decile performance. William specialises in identifying high-conviction, high-growth technology companies with the potential to deliver strong long-term returns.

In this deep-dive conversation, William reveals:- Why the AI boom ISN'T a bubble (yet) - and the warning signs to watch for- The difference between Google and ChatGPT that most people miss- Why chip manufacturers represent 40% of his portfolio- His contrarian bet: Why Adobe and software platforms will be AI's biggest winners- The "picks and shovels" strategy that consistently outperforms disruptors- Why Nvidia's ecosystem is powerful but not unbeatable- His surprise top stock pick for 2026 (it's not what you think)William explains why companies selling the infrastructure (TSMC, ASML, Lam Research) consistently outperform the headline-grabbing disruptors, and why the market is wrong about AI's impact on software platforms.

Chapters:

00:00 - Intro 02:00 - Military to Finance Journey03:29 - Google vs ChatGPT06:13 - Who Owns OpenAI?07:24 - AI Energy Use08:10 - What Are GPUs?10:05 - AI Data Centers13:19 - AI Investment Scale14:07 - Safety & Guardrails15:17 - Big Spenders in AI18:11 - Artificial General Intelligence19:32 - AI Bubble Risk?22:18 - AI & Human Knowledge23:37 - What's Next After AI?24:13 - Tech Returns: 15% Growth26:02 - TSMC Leadership27:47 - Nvidia Explained28:33 - Nvidia vs Apple Ecosystem31:29 - Picks & Shovels Stocks

Links & Resources:BlueBox Asset ManagementWebsite: https://www.blueboxfunds.com/LinkedIn: https://www.linkedin.com/company/bluebox-asset-management/?originalSubdomain=ukWilliam de GaleLinkedIn: https://www.linkedin.com/in/william-de-gale-fca-cfa-a2692258/?originalSubdomain=ukInvestment Disclaimer: This podcast is for educational and informational purposes only. It is not investment advice. Always do your own research and consult with a qualified financial advisor before making investment decisions.

In this episode of Algy’s Investment Podcast, we sit down with Glen Finegan of Skerryvore Asset Management, a seasoned investor with decades of experience managing global emerging market portfolios. Together, we dive deep into the realities of investing beyond the US and Europe, exploring the risks, opportunities, and governance challenges that define emerging markets today.

We discuss:

1. What defines an emerging market and why they matter for global investors.
2. The biggest opportunities in India, Taiwan, and Mexico — and how domestic consumption drives long-term growth.
3. How to assess risk, governance, and trust in management teams when investing in volatile regions.
4. Why many state-owned enterprises in China, Brazil, and Russia fail investors — and how to avoid these traps.
5. The role of currencies, inflation, and political risk in shaping investment outcomes.
6. Insights into China’s tech market, Taiwan Semiconductor (TSMC), and India’s growing middle class.
7. The importance of absolute return investing vs. chasing benchmarks.
8. Lessons from history — from the Mexican crisis to the Asian crisis and the global financial crisis — and how emerging markets bounced back.
9. Why governance, integrity, and sustainable business models are the true differentiators in long-term success.

Glen also shares Skerryvore’s investment philosophy, built on four key pillars:

1. Strong governance and alignment with minority shareholders.
2.Businesses with durable pricing power and compounding ability.
3.Resilient balance sheets.
4. Companies behaving sustainably for long-term growth.
Whether you’re an institutional investor, a financial professional, or simply curious about the future of global investing, this episode provides a rare inside look into how top investors identify high-quality companies in some of the world’s most complex and fast-growing economies.

Alastair Irvine has been the Investment Director on the Jupiter Merlin Team for over a decade. He is highly respected by professional investors for his clear-cut insights and no-nonsense take on global events. He’ll be a regular guest on Algy’s Investment Podcast.

In this episode, he breaks down:

1. The current state of the UK economy

2. Has the UK Prime Minister lost control of his party?

3. The war in Ukraine

4. Why has the U.S. bombed Iranian nuclear development sites

5. Trade wars and the role of the U.S. dollar

⏱️ Timestamps:

00:00 Intro

01:11 The Skill of Managing Risk

03:25 Rachel Reeves Budget Challenge

10:24 Starmer's Benefits Reform Bill

11:49 What Drives Economic Growth?

13:12 The Office for Budget Responsibility Forecasts

14:55 Will the IMF Bail Out the UK?

18:30 The Effect of Wealth Taxes

22:02 Are UK Equities Cheap?

23:58 Who Else Could Govern the UK?

27:07 Nuclear Energy in the UK

30:06 Trump in Ukraine

32:34 Trump's Impact on Global Stability

37:05 The Bombing of Iran

39:16 Where is the World Most Dangerous Today?

43:19 What are Global Bond Markets Indicating Today?

47:13 Is Trump Trying to Weaken the US Dollar?

49:43 Where are the Jupiter Merlin Team Investing?

Algy's guest this episode is Avinash Vazirani, Investment Manager, Investment Manager of the Indian Equities Strategy at Jupiter Asset Management.

Before joining Jupiter, Avinash was Managing Partner of Peninsular Capital Partners LLP, which he founded in 2005. Prior to this, he was CIO (South Asia and Africa) of BNP Paribas Asset Management. He was also CEO of GEM Dolphin Investment Managers from 1994 until its sale in 1997. He began his investment career in 1994.

Algy's guest in this episode is Kiril Sokoloff, who is Chairman and founder of 13D Research & Strategy.

Algy's guest in this episode is Edward Bonham Carter. Edward spent almost 30 years at Jupiter Asset Management, firstly as a fund manager and then Chief Investment Officer.

He was Chief Executive Officer from 2007-2014, during which time he steered the Company through an MBO in 2007 and its successful IPO in June 2010. Edward then became Vice Chairman from 2014 to 2021, when he stepped down from the Jupiter Board. After a year as Director of Stewardship and Corporate Responsibility, supporting the work of the CIO office and the Governance and Sustainability team, Edward left Jupiter in December 2022.Edward is Senior Independent Director at both Land Securities Group plc and ITV plc; Non-Executive Chairman of Netwealth Investments; and a Trustee of Esmée Fairbairn Foundation where he is also Chair of the Investment Committee.

Algy's guest in this episode is Ken Costa, who served as the Chairman of Lazard from 2007 to 2011.