Knowing when to sell: How growth investor Michael Frazis manages risk
Summary
Equity Mates hosts Bryce and Ren interview Michael Frazes, CIO of Frazes Capital Partners, about his new Lion Active ETF (ROAR) and the shift to a momentum-based strategy. They discuss the collapse of trader Leopold Ashenbrenner, hyperscaler debt, and the rotation between AI hardware and software stocks. Frazes explains how trend-following helps navigate market volatility and take profits in high-growth sectors like semiconductors and cybersecurity.
Topics discussed
Market volatility and introduction of Lion Active ETF (ROAR)
Market cycles and the rapid reversal of AI sentiment
Leopold Aschenbrenner's rise, fall, and lessons on leverage
Hyperscaler debt, NVIDIA partnerships, and market stability
Nvidia's long-term threats: Custom chips and Chinese models
Apple's strategic success with integrated M-series chips
Software sector outlook: SaaS challenges and infrastructure winners
AI's real-world impact on productivity and employment
Growth investing framework: Explosive growth and customer love
Evolution to quantitative momentum and trend following
Profit taking strategies and valuation challenges
Differentiating from factor ETFs and using AI for coding
Biotech deep dive: Moderna, personalized cancer vaccines, and Australian healthcare
Launch of the ROAR ETF and closing remarks
Listen ad-free on Castria