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Nick Griffin at Munro Partners has tipped TradeDesk as the next big thing in media, at the Sohn Hearts & Minds Conference in Sydney on Friday.
The company trades advertising and programming inventory and is set to be a major winner in the streaming wars that are now gripping the media industry.
Griffin said the major driver is the digitisation of broadcast media that is shifting audiences and business models to streaming services.
Giants such as Disney are in the process of junking their previous model of supplying movies and TV shows to media companies, to creating its own streaming service offered direct to consumers from this month.
Once that same process happens in broadcast television - such that Channel Nine is streamed rather than broadcast - advertisers would be able to target ads to viewers in the same way they are already done on Facebook and Google or viewing newspaper websites.
“Programmatic advertising means that the ad I see will be different to the ad you see, even for the same program,” Griffin said.
TradeDesk, founded by Jeff Green, will enable the trading of those ads and eyeballs to the traditional media as they fightback against Google and Facebook, which have been the most successful in addressing the market to date.
Unlike the previous era, no single media company could own the industry, but TradeDesk could.
Mr Griffin said the company would benefit from a double growth dynamic with the programmatic advertising market growing at 5-10 per cent and TradeDesk growing its share of the market from 10 per cent to 20 per cent.
This article was originally posted on The Australian here.
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In this instalment of our legends of Wall Street interviews, a contrarian view. President of the US$6 trillion fund Blackrock, Rob Kapito is optimistic about the future.
Concerns about Chinese influence in politics and universities may be at fever pitch, but the reality is that some of Australia’s retirement savings will help fuel a predicted $US600 billion ($885 billion) inflow into mainland stocks over the next decade.
The search for the next CSL and excessive valuations in local tech stocks have seen investors pouring into biotech, but elevated prices may be putting capital at risk.
Howard Marks is the Co-Chairman of Oaktree Capital and Warren Buffet considers his memos to clients essential reading. He spoke to Elysse from the Hearts and Minds Conference, ahead of the RBA Governor's speech
Friday’s Sohn Hearts & Minds conference is barely in the rear view mirror, but already Hobart’s Federation Concert Hall is almost entirely booked solid for next year’s event, taking place on November 13 for the first time on the Apple Isle. At $3500 a ticket, that shows how popular the thing’s become.
In this instalment of our legends of Wall Street interviews, Elysse speaks with legendary investor Ray Dalio of Bridgewater Associates.
As Bridgewater Associates founder Ray Dalio told the Sohn Hearts & Minds conference on Friday, there are only two big horses in the world economy — the US and China.
Two of the world's most respected and influential investors have expressed confidence in the durability of China's economy, boosting hopes Australia's largest trading partner will underpin global growth and asset prices for years to come.
Oaktree Capital Management co-founder Howard Marks presents a cool evaluation of modern monetary theory or MMT: he declines to ridicule it but acknowledges he struggles to under- stand how it doesn’t cause devastating currency responses.
Developed economies are not heading for another debt reckoning or recession, but are in a risky environment where governments are likely to print money to fund their spending, warns Ray Dalio, the founder of $180bn giant hedge fund Bridgewater Associates.
The majority of investors who attend the Sohn Hearts & Minds conferences in Australia are there to learn about the dozen or so stock tips from leading fund managers as well as make very large donations to a range of medical research institutes.
The world’s top investors say ‘‘free money’’ policies have reached their limits and they fear central banks and governments could resort to printing money to finance spending, triggering currency instability across the developed world.
Increased government spending on infrastructure would help underwrite strong demand for mining stocks, according to Regal Funds Management’s Phil King who tipped ASX-listed Nickel Mines at the Sohn Hearts & Minds conference on Friday.
Hedge fund legend Ray Dalio says we are entering "a risky environment" in which investors will need to find a safe store of value as major economies draw closer to printing money to finance government spending.
Phil King of Regal Funds Management has tipped ASX-listed nickel company Nickel Mines in the Sohn Hearts & Minds conference in Sydney today.
Veteran investor Howard Marks says the abandonment of the WeWork float, the poor performance of US IPOs in 2019 and the punishment of bad news in US debt markets are all early signs that discipline is starting to return to financial markets, and investors may no longer be rewarded for holding the riskiest assets.
Tribeca Investments fund manager Jun Bei Liu has recommended A2 milk for its potential expansion in the China market at the Sohn Hearts & Minds Conference in Sydney on Friday.
Nick Griffin at Munro Partners has tipped TradeDesk as the next big thing in media, at the Sohn Hearts & Minds Conference in Sydney on Friday.
When Nick Griffin was preparing to take the stage at the Sohn Hearts and Minds conference last year, he was tempted to go for a relatively unknown but vitally important player in the tech process.
Cathie Wood's controversial calls on Tesla have made her a target. But she's not backing down, and she's got a message about broker research.
A new professorial chair of medical research in Sydney is to be endowed to the tune of $20 million, in an unconventional move by its wealthy board.
Philip King might seem an unlikely ally for Reserve Bank governor Philip Lowe.
Montaka's CIO says he would never release a damaging report on one of the companies his fund is shorting, but warns executives raise suspicion if they refuse to meet with hedge funds.
Buy now pay later providers like Afterpay and Klarna are risky businesses operating in a "fuzzy legal area", and are likely to be regulated in coming years or be swamped by larger companies, says US fintech investor Beeneet Kothari.
Beeneet Kothari, the New York hedge fund manager who pitched the best-performing stock recommendation in 2018 — has warned investors of the risks faced by one of Australia’s favourite tech stocks, Afterpay Touch.
The top-performing fund manager from last year's Conference has criticised the buy now, pay later sector as operating in a "fuzzy" regulatory zone and engaging in a game of trying to be acquired before a regulatory crackdown.
Tribeca Investment Partners’ Jun Bei Liu provided one of the star performers for last year’s Conference with China-based education group New Oriental Education and Technology, which has gained 81 per cent in the last year.
TDM's Hamish Corlett reckons the reversal of fortunes for the once high-flying WeWork may be a reality check for fast-growing private companies with complex ownership structures, and the torrent of money that has propelled valuations ever higher.
Stock-picker with Airlie Funds Management Emma Fisher says the infrastructure boom is an economic fizzer with scant evidence that many companies are benefiting from the publicly funded projects.
Rob Kapito, the head of the world's largest money manager BlackRock, says there is more than $US50 trillion in cash sitting idle in portfolios around the world due to a lack of investment opportunities and weak returns.
Rob Kapito, co-founder of $10 trillion investment giant BlackRock, says a global shortage of investable assets will help the sharemarket grind higher over the long term as dips in equity and bond markets are quickly met by investors hungry for returns.
The biggest problem in today’s investment markets is the shortage of assets with too much cash sitting on the sidelines wanting to invest, according to BlackRock co-founder and president Rob Kapito.
Legendary bond market investor Howard Marks has seen a lot of things during his glittering career in financial markets, but a trade war between the world's two largest economic superpowers is not one of them.
Oaktree Capital’s Howard Marks has warned that it is time to take a defensive approach to investing, opting for bonds over stocks, investing in the US rather than emerging markets and choosing larger, more stable companies to invest in over smaller growth stocks.
Oaktree Capital Group co-founder Howard Marks says the Federal Reserve was wrong to cut rates last month. Why? Because more monetary stimulus will just boost asset prices further, making the rich richer without benefiting savers.
Hedge fund legend Ray Dalio fears further interest rate cuts by the Reserve Bank of Australia could further inflate the "mini bubble" in property, and that it will all end in tears.
“I have to be a realist. I am paid to be accurate, not to be a pessimist or an optimist,” says Ray Dalio as he explains why the world today is very similar to the Depression years in the 1930s.
Ray Dalio knows more about Australia than most macro hedge funds that have been betting the lucky country's fortunes will change.
When the founder and co-chairman of the world’s largest hedge fund likens the global environment to that of the 1930s and sees the current tensions between the US and China as something wider, more permanent and more threatening than a trade conflict it is disconcerting.
