In this episode, Justin Anderson, Mawer's Chief Technology Officer, sits down to discuss the evolving "build-in vs. build-out" technology framework. Justin explains how Mawer approaches technology decisions—balancing vendor solutions with in-house customization—and shares practical examples from the firm, including proprietary solutions such as trade&MAWER and M42. The conversation explores how advances in AI and large language models are accelerating the shift toward more tailored, efficient solutions. He also offers insights for investors on what to look for in management teams as organizations adapt to rapid technological change. Key Takeaways: The "build-in vs. build-out" framework focuses on how companies customize technology for their unique needs, beyond simply buying or building from scratch. Advances in AI and large language models are making it easier and more cost-effective to develop in-house solutions. Mawer's internal platforms, such as trade&MAWER and M42, demonstrate the benefits of a build-out approach. Leadership and culture are critical—successful organizations encourage experimentation, embrace new technology, and balance innovation with risk management. Investors should look for companies whose management teams understand technology, address technical debt, and foster a culture of curiosity and adaptability. Host: Andrew Johnson, CFA, Mawer Institutional Portfolio Manager Guest: Justin Anderson, CFA, MSc, Chief Technology Officer This episode is available for download anywhere you get your podcasts. Founded in 1974, Mawer Investment Management Ltd. (pronounced "more") is a privately owned independent investment firm managing assets for institutional and individual investors. Mawer employs over 250 people in Canada, U.S., and Singapore. Visit Mawer at https://www.mawer.com. Follow us on social: LinkedIn - https://www.linkedin.com/company/mawer-investment-management/ Instagram - https://www.instagram.com/mawerinvestmentmanagement/

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related