AI is transformative but adoption speed and specific companies matter. Biggest disruption happening outside tech in healthcare, financials, industrials, materials. Skepticism about generative AI - jury still out on which companies will be negatively affected.

Software companies with proprietary technology, strong customer relationships, competitive advantage can adapt and use AI for expansion. Environment is extremely competitive - race for most efficient technology.

Instead of avoiding, sees opportunity in sectors negatively affected by AI - look for buying opportunities in companies that stand to benefit. Expects several market corrections this year but remains extremely positive toward year-end.

International valuations extremely attractive but geopolitical risks in Ukraine and Europe rebuild will take time. Sees potential in emerging markets as relationship with China normalizes.