The single most important concept in markets today

The following article appeared on Livewire on August 6, 2020.

In the wake of the Global Financial Crisis, the world shifted away from the Yellow Pages. Now, they’re merely used as seat boosters. Joe Magyer, CIO at Lakehouse Capital, says this wasn’t a one-off event. Whilst COVID-19 has brought its fair share of panic, disaster and confusion, it’s been instrumental in speeding up the digital revolution. According to Joe, the digital revolution is the most important concept in investing today.

In this short video, he shares why he is willing to pay a premium for e-commerce companies that have swiftly adapted to conditions, and reveals one stock that is gobbling up market share of this growing market.

Disclosure: Joe Magyer and the Lakehouse Global Growth Fund own shares of PayPal and Amazon.