Nick Train: digital will thrive, but pick well

Investing in digital doesn’t mean sticking solely to traditional tech firms, says fund manager Nick Train.

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Nick Train,co-founder, Lindsell Train; manager, Finsbury Growth & Income Trust
(Image credit: Jonathan Banks / Photobanks Ltd.)

Working out which businesses will survive and thrive in an age of digital disruption is far more important than worrying about whether shares are cheap or not, Nick Train tells Money Observer. Indeed, says the fund manager, the idea of defining stocks as "quality growth" or "cyclical value" is outdated "in the future all companies will be internet companies".

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