NICE(US:NICE) Seeking Alpha·2025-09-23 12:33Core Insights - The article emphasizes the importance of identifying companies that are well-positioned to benefit from long-term secular trends, particularly in the software industry [2]. Group 1: Investment Strategy - The investment approach is thematic and conviction-driven, focusing on long-term thinking and structural industry changes [2]. - The strategy involves concentrating the portfolio into a select few high-conviction positions to allow for deep analysis of fundamentals, management quality, competitive dynamics, and industry tailwinds [2]. Group 2: Market Perspective - The belief is that the market is generally good at pricing numbers on paper but struggles to identify long-term trends and the magnitude of fundamental shifts [2]. - Companies aligned with significant secular trends have the potential to generate outsized and durable returns [2].