Anthropic, Stripe and OpenAI are some of the world's most sought-after private companies. Maggie Fanari explains to host Merryn Somerset Webb how her team invests in them and similar firms before they reach public markets. Fanari is chief executive of J. Rothschild Capital Management, which manages the £4.5 billion ($6 billion) RIT Capital Partners trust. She shares why she believes the next wave of artificial intelligence could create a $60 trillion opportunity, why private markets are becoming increasingly important and where she sees the biggest investment opportunities over the next decade. 00:00 Maggie Fanari on Merryn Talks Money 04:06 SpaceX holdings and thesis 06:33 AI portfolio picks 07:52 Fanari’s thoughts on long-term winners 14:21 Other companies in the portfolio 18:43 Top equity picks 22:54 Gold allocation 27:52 Energy and Japan Sign up for the Merryn Talks Money newsletter: https://www.bloomberg.com/account/newsletters/merryn-talks-money Sign up for the Money Distilled newsletter https://www.bloomberg.com/account/newsletters/money-distilled Watch Bloomberg Vodcasts: https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Visit us: https://www.bloomberg.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg For coverage on news, markets and more: http://www.bloomberg.com/video