Equity Group Investments Embraces Old-Economy Businesses Amid AI

AI Summary

Equity Group Investments, associated with the late billionaire Sam Zell, has diversified its portfolio by investing in a John Deere dealership and a bluefin tuna fishery. This strategy targets old-economy businesses, which are perceived as less vulnerable to AI disruption, according to EGI's president, Mark Sotir. The 'HALO' strategy, focusing on heavy assets with low obsolescence, is gaining traction due to economic uncertainty and recent tax reforms. These investments are bolstered by renewed bonus depreciation laws allowing for full deductions of qualifying assets in the first year of use, enhancing their attractiveness.