Investing In The Fourth Industrial Revolution - Imran Khan - Founder @ Proem Asset Mgmt - #389

Imran Khan is the Founder at Proem Asset Management. In this episode we explore the arc of his remarkable career—from his early days as one of Wall Street’s top-ranked analysts to leading global IPOs and eventually launching his own hedge fund. We discuss: Why gross margins are a critical indicator of fundamental shifts in a business How he met Joe Tsai and helped lead Alibaba’s record-setting IPO The vision Evan Spiegel had that made Snap a generational product His criteria for identifying high-quality public companies and warning signs to avoid How private market hype has skewed investor incentives—and why that might be changing Links: Proem Asset Management - https://www.proemasset.com/ Imran on LinkedIn -   / dotkhan   Imran on X - https://x.com/dottkhan Support our Sponsors: Ramp: https://ramp.com/fort Vesto: https://www.vesto.com/fort BetterPitch: https://bit.ly/42d9L0I Topics: 00:00 - Intro 03:17 - Becoming a great research analyst 06:44 - The difficulty in controlling gross margins 08:25 - How to research companies to invest in 12:53 - Are there similarities today in technology to the 2001 tech bubble? 17:11 - The state of AI investing 20:04 - The America/China AI Race 23:26 - Imran’s experience with Alibaba 26:26 - The state of China’s inevitability 31:11 - Imran’s experience working at Snap 39:09 - Leaving Snap 40:26 - Imran’s Fund structure 43:00 - Being drawn to bias 45:05 - Mercenaries vs. Missionaries 47:07 - The market likes to fool the greatest number of people 50:18 - The pendulum of private and public market investing Chris on Social Media: The Fort Podcast on Twitter/X: https://x.com/theFORTpodcast Instagram:   / thefortpodcast   LinkedIn: https://bit.ly/45gIkFd Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO