Can You Beat the Market Without ANY Tech Stocks?
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Can You Beat the Market Without ANY Tech Stocks?
Tech dominates the market right now. But with valuations rising, AI companies increasingly interconnected, and disruption spreading through other parts of the economy, avoiding tech isn’t as simple as buying a different ETF.
In this video, I put my professional investing experience to the test and attempt to build a portfolio of high-quality companies that could beat the market — without relying on the biggest tech and AI stocks.
I break down why the S&P 500 and even global ETFs may be far more concentrated in Big Tech than most investors realise, then use my stock-ranking system to search for companies outside the technology sector.
From luxury brands and pest control to stock exchanges, credit ratings, industrial businesses and Ferrari, we look at whether there are still high-quality compounders available at reasonable valuations.
More importantly, we compare the portfolio against the S&P 500 and examine why these companies have recently fallen behind — despite many of their underlying businesses continuing to grow.
The question isn't simply tech or cash.
Is there a third option?
Watch until the end to see whether this no-tech portfolio could actually beat the market.
Chapters
00:00 Can You Beat the Market Without Tech?
00:34 The 3 Risks Facing Investors Right Now
02:24 Why ETFs May Not Protect You From Tech
04:06 How to Build a Diversified Portfolio Without AI and Tech
05:33 GTT: LNG Technology
06:04 Hermès: A Luxury Compounder
08:19 Sectra: A Potential AI Disruption Risk
09:41 Rollins: The Ultimate Defensive Business?
12:15 Adding Moody’s to the Portfolio
14:28 Pidilite and the Emerging Markets Question
15:32 Deutsche Börse: Owning the Data AI Needs
17:41 Old Dominion and CME Group
19:42 Simpson Manufacturing: Boring but Defensible
21:10 Ferrari: Brand Power Outside Tech
22:09 Yum! Brands and Nordson
24:05 Procter & Gamble Joins the Portfolio
24:51 How the Portfolio Performed vs the Market
25:40 Why These Stocks Recently Underperformed
26:38 The Valuation Shift Since 2025
27:54 Are Big Tech Stocks Becoming More Expensive?
28:27 The Case for Boring Stocks
29:24 What’s Actually in My Portfolio?
(For educational purposes only; not investment advice)