I enjoyed this
"Interactive Brokers - Thomas Peterffy's Speech on Successful Investing at The Trading Show Chicago 2018 Conference"
https://www.interactivebrokers.com/en/index.php?f=5599&vid=18003"In my view success in business is all about management and deployment of the appropriate technology. The field in which the business operates does not matter so much if you make it broad enough.
But right now
I would invest in businesses that could benefit from putting their operations on a technologically strong platform, such as health care, home building, agriculture, personal care or even money management, where with the use of big data many functions will be standardized and automated and with that much greater scale, savings and efficiencies will be achieved. As a result, your company becomes one of the few to survive and prosper in the space.
You want to identify entrepreneurial companies that have
substantial insider ownership, where management has a
long term perspective, interest and commitment. They don't just want to drive the stock price up before they cash out their options and leave. They also aren't likely to be looking for a bigger pay package at another company. They personally identify with and are invested in the goals, continuing growth and success of the firm. They should have longevity at the firm and expertise in the business AND in building the necessary technology.
You also recognize that
for the last several thousand years it is the application of new technological innovations that have been driving our economic advancement and THAT isn't going to change. So you want to make sure that you invest in companies at the forefront of applying all the new technologies that can be utilized in the business."
