While much has changed in a post Covid-19 world, much has stayed the same. Disruption continues and, if anything, has been accelerated by the crisis. More so than ever, investors are being challenged by the eternal ‘Growth vs Value’ dynamic. The winners of tomorrow won’t be able to ‘cost cut’ their way to success - the extension of Moore’s Law means traditional business models will increasingly be challenged. To win, companies will need to spend for the future and investors will need to take a longer term view to define ‘value’. Put simply, short-term multiples wo...