Complexity Investing & Semiconductors (with NZS Capital)

<p>Of our 65+ sources for the TSMC episode, one stood above the rest: a wonderful Knowledge Project episode with Brinton Johns and Jon Bathgate of NZS Capital laying out the state of the semiconductor market. When coincidentally we met Brinton a week later, we knew fate was telling us we had to dig deeper. It turns out NZS has a lot more to teach Acquired than just about semis! Here we dive into their fascinating philosophy of "complexity investing", which was born out of their interactions with the world-famous Santa Fe Institute (of W. Brian Arthur and Increasing Returns fame!)... and of course we also throw in some semiconductor shop-talk for good measure. :)</p> <p><br /> If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like emergency pods and book club discussions with authors. We can't wait to see you there. <strong>Join here at: <a href= "https://acquired.fm/lp/">https://acquired.fm/lp/</a></strong></p> <p><strong><br /> Sponsors:</strong></p> <ul> <li>Thanks to SoftBank Latin America for being our presenting sponsor for this special episode. If you are an entrepreneur, employee, other investor or simply someone who's interested in learning about the best young companies in LatAm right now, get in touch with them at: <a href= "https://bit.ly/acquiredsoftbanklatam">https://bit.ly/acquiredsoftbanklatam</a> , and tell them that Ben and David sent you! <ul> <li>You can get in touch with their portfolio company Banco Inter and their CEO João Vitor Menin at <a href= "https://www.linkedin.com/in/jo%C3%A3ovitormenin/">https://www.linkedin.com/in/joãovitormenin/</a></li> </ul> </li> <li>Thank you as well to Modern Treasury and to Fundrise. You can learn more about them at: <ul> <li><a href= "https://bit.ly/acquiredmoderntreasury">https://bit.ly/acquiredmoderntreasury</a> (and you can find our reverse interview with them at <a href= "https://www.moderntreasury.com/acquired">https://www.moderntreasury.com/acquired</a>