Trying to navigate the disruptions of AI, online retail and energy innovations? Look to the Canon v Kodak late '80s showdown for a history lesson, a fund manager has said. Speaking to the Nest Egg podcast team, Peters MacGregor Global Investing's founder Wayne Peters said his experience of helming, and later selling Kodak Express was an example of the power of technology and the importance of sustainable investment decisions. Explaining that he sold the Kodak Express chain in 1989 with the arrival of Canon's first digital camera, he said when he first saw the digital camera, he realised it would not be too good for the Kodak business. "I sold the chain, and interestingly, two years later, Bill Gates came out and said Kodak was toast. "At that stage, Kodak was the second most valuable brand in the world. A very early lesson on how technology can change very quickly and impact values." With this lesson in mind, Wayne also told the Nest Egg team about: 1. Peters MacGregor's three key portfolio themes 2. How he navigates the proven track record versus future dividend opportunity divide 3. And the European bank recovery story Thanks Wayne, for sharing your insights with the Nest Egg podcast team! You can stay up-to-date with what Wayne and Peters MacGregor Global Investing are up to here. Have an investment story to share? Get in touch at editor@nestegg.com.au and you might get featured on the next episode.
