What podcasts say about Todd Wenning
Every statement, with the speaker, the exact quote and the moment it was said.
What Todd Wenning has said on podcasts
27 statements · 11 positive · 14 negative · 2 neutral
- on AI industry structure and moatsNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
AI is putting many large companies’ economic moats under question.
“AI, has brought a lot of moats under question, especially some of these larger ones.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 9:37
- on Companies with wide economic moatsNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Companies with wide moats can become organizationally complacent.
“wide mo companies in particular can get very lazy”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 10:13
Network effects are the moat source most vulnerable to disruption.
“The one that I would worry about the most is network effects.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 14:53
- on Software companies’ switching costsNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Switching costs are a major concern for software companies.
“The other one is switching costs. the major concern with the software companies.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 15:21
- on AI’s effect on software-company terminal valuesNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
AI has challenged software companies’ assumed long-term terminal values.
“AI's really called that into the question.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 17:53
- on AI’s effect on corporate information advantagesNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
AI is eroding companies’ historical information advantages.
“the information advantages that companies had in the past are eroding”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 19:31
AI will democratize capabilities previously controlled by a protected class.
“ai is going to have a democratizing factor it's going to it's going to democratize a lot of what was previously held by a protected class”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 19:39
AI quickly becomes a crutch for students seeking minimal effort.
“AI becomes a very quick crutch for them.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 22:05
- on Students’ cognitive-skill developmentNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Outsourcing problem-solving to AI prevents students from developing those skills.
“if you just completely outsource those muscles you're never going to develop them”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 22:30
- on Interest rates and asset present valuesNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Higher interest rates raise required returns and reduce asset present values.
“as interest rates go up, my opportunity costs go up, which is my required return goes up, which reduces the present value of the asset that I'm looking at”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 25:30
- on Long-duration companiesNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Higher rates heavily pressure companies valued on distant future cash flows.
“companies that rely on their cash flows being there in 10, 15 years to justify their current valuation, when those rates go up, they get hit pretty hard.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 25:42
AI-leading stocks are outperforming amid higher interest rates.
“the stocks that are holding up are these AI leaders”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 26:22
- on Higher interest rates and stock marketsNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Further rate increases will make market conditions more difficult.
“the more interest rates go up, the more difficult that's going to be.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 26:51
Every small-cap company should aspire to establish an economic moat.
“every small cap should be wanting to get to is to a point where it's establishing an economic moat.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 33:47
- on Companies widening economic moatsPositiveOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Companies widening their moats should earn high incremental returns on capital.
“companies that are able to widen their moat establish their moat right begin to widen it should earn high incremental returns on capital”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 34:47
- on High incremental returns on capitalPositiveOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
High incremental returns attract capital and should increase share prices.
“which attracts investor dollars and should drive the price higher.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 34:55
Many companies currently trade at attractive valuations.
“there are a lot of companies out there that are trading. at very attractive valuations.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 40:54
The UK market is currently depressed.
“The UK market in particular is really beaten up.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 42:04
UK stocks include excellent companies trading at attractive prices.
“if you're an investor and you're okay buying UK stocks, there are some really, really great companies there trading for very attractive prices.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 42:51
Strong companies can emerge from downturns stronger by acquiring distressed assets or competitors.
“great companies find a way to not only survive these downswings, but pick up strength on the way down”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 44:32
- on Companies’ AI adoptionPositiveOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Companies should use AI while protecting trade secrets.
“stay nimble, make sure that you are... using ai to the extent that you can without giving away trade secrets”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 45:04
Cybersecurity risk will be a major future issue.
“cybersecurity risk is going to be a major, major issue for the next, for the future.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 46:46
- on Human creativity and ingenuityPositiveOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Human creativity and ingenuity will become increasingly valuable.
“human creativity and human ingenuity is going to be increasingly valuable.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 48:38
Authentic companies will become increasingly valuable.
“companies that are authentic are going to be increasingly valuable”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 48:43
- on Inauthentic storytellingNegativeOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
Stories from inauthentic sources will be less interesting to human audiences.
“They want to hear stories about humans struggling because they are humans themselves. And so if it comes from an inauthentic source, like, that's just not going to be as interesting.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 50:41
- on AI-driven technological changeNeutralOct 18, 2026· Planet MicroCap Podcast | MicroCap Investing Strategies
The pace of AI-driven change will eventually slow.
“the pace of change will slow at some point.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 52:48
Customers will continue to value lower prices and faster delivery.
“Customers will always want lower prices. They'll always want quicker delivery and so on and so forth.”
Open the episode · AI Shortens The Moat with Todd Wenning, President and CIO of KNA Capital ManagementListen at 53:11
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.