BEDROCK Podcast E25 - Founder Tan Cong in conversation with Columbia University alumnus LIONS ACADEMY, discussing AI and global investment.

https://www.youtube.com/watch?v=wYzQX-HIW50

On March 12, 2026, founder Tan Cong and his old friend, the two founders of LIONS ACADEMY, had a systematic conversation.

The conversation began with a very simple question:

—Why did you choose to focus on a global compound growth investing strategy?

And what is the underlying understanding of investing and yourself?

We also discussed several more specific but crucial topics related to the semiconductor and AI industries:

• How semiconductor companies can transition from "cyclical stocks" to "structural compounding"

• Why is the structure of the storage sector improving, while seemingly stable business models like SaaS are beginning to show uncertainty?

• And a recurring question:

Past Compounders may not be Future Compounders.

Finally, let's return to a larger question:

How will AI reshape the way and boundaries of fundamental investing?

The following are the segmented contents; you can skip to the relevant sections if interested:

00:15 Guest Introduction and Background of the Dialogue

02:09 Why Global Invest?

04:03 Why Focus on the Compounding Growth Strategy?

09:18 Matching Investment Style with Yourself: Mindset, Abilities, and Boundaries

13:30 Choosing a Single Strategy: Actively Giving Up Opportunities

16:31 The Semiconductor Industry Paradigm Shift: From Cyclical to Compounding

21:05 Opportunities, Pitfalls, and Evolution of Sub-sectors Brought by Industry Changes

31:28 The Impact of AI: Reassessing the SaaS Business Model

35:33 The Biggest Challenge in Investing in Compounders: The Paradigm Shift

41:04 How AI Enters the Investment Research Process

47:19 The Boundaries of AI Empowerment: Efficiency vs. Insight

55:43 The Future Form of Investment Research Teams: One Person is a Team

58:24 Changes in Learning Methods: Is Traditional "Hard Work" Still Necessary? 01:02:56 "Aesthetics" in Investing: Can It Be Deconstructed?

01:07:06 Conclusion: AI is a tremendous opportunity of our time; the future is unpredictable. Stay Humble, Keep Learning.

LIONS ACADEMY：

Founded by alumni of Columbia Business School, it focuses on Chinese and American stock investments and possesses a strong background in both industry and investment practice.