Munster asks investors to invest in great tech companies despite Biden’s antitrust plan

In conversation with CNBC's Squawk Box, Gene Munster, Founder and Managing Partner of Loup Ventures, discusses if tech trade is under threat or pressure of any kind. This discussion takes place in the backdrop of President Joe Biden’s antitrust plan. President Biden, a couple of days back, signed an order. The new executive order targets to crack down on anti-competitive practices of the big tech companies, labour among other sectors. Despite all this, Gene Munster reiterates the fact that investors must consider investing money in big companies.

What the investors should worry about?

According to Munster, investors should worry about identifying great companies. According to him products without which we cannot live and would be willing to pay a higher price for those products is a great company. He states:

Munster says that investors should not try and understand the supply chain. He says that for companies like Apple Inc (NASDAQ: AAPL) China is an important X factor in supply chain. But investors should not worry about such things and should rather worry about identifying these great companies. He states:

Munsten names Apple and Google as a great comapany

Citing the example of a great company, Munster names Apple Inc and describes Google (NASDAQ: GOOGL) as ‘oxygen of the internet’. He says: