This podcast features Adam Seessel, author of "Where the Money Is," discussing his evolution as a value investor over two decades. He initially employed a traditional value approach but adapted to "Value 3.0" in the mid-2010s, focusing on high-quality businesses with future growth potential, particularly in technology. The discussion covers his updated views on Alphabet and Amazon, strategies for capitalizing on the AI wave without overpaying, and the reasons behind Progressive Insurance's success. Ultimately, the podcast emphasizes the importance of adapting investment strategies to changing market realities and identifying businesses with strong, long-term growth prospects. For example, Seessel highlights how 60% of US market value creation in the last 20 years came from tech, illustrating the shift in economic value generation.