{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The CIO Series","title":"New JANA CIO on investor overconfidence and the AI capex boom","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/f19e1290\"></iframe>","width":"100%","height":180,"duration":2174,"description":"JANA’s new chief investment officer Matt Wacher thinks the biggest behavioural risk faced by investors is one they rarely talk about. Speaking on the Investment Magazine CIO Series, Wacher argued that both he and his peers included are prone to overconfidence and extrapolation, and that the AI capex boom is where that tendency is currently doing its work.\nSpeaking with Lachlan Maddock, Wacher discussed the China tech position he got right for all the wrong reasons, how long an underperforming manager should get before the relationship ends, and why JANA needed a CIO after five years without one. \nIn partnership with T. Rowe Price, the Investment Magazine CIO Series is dedicated to in-depth conversations with the chief investment officers from Australia's leading asset owners.","thumbnail_url":"https://img.transistorcdn.com/7DfE0JWVINmj7cACFXH2_dGr1CSCScswcnOpi1-RWns/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9lNWU1/NzMzMmIyNWQ2OWFl/ZWQyMTRjOTM2YzI1/NzIzNi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}