Winning shares for 2022: the companies experts are backing revealed at Sohn

Here are the highlights from today's Sohn Hearts & Minds Investment Conference…

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Another annual Sohn Hearts & Minds Investment Conference has come to pass today. Charlie Munger warned of bubbly valuations reminiscent of the dot-com era, a few ASX-listed shares received a shoutout, and attendees walked away with a lot of ideas to ponder.

While ASX investors only had a few Australian stock picks, the raft of ideas for international opportunities was extensive. Investing experts laid down investment opportunities situated in Hong Kong to London and everywhere in between.

What shares are the experts betting on?

Investors will be busy tonight trawling through annual reports and doing research after being bombarded with investment opportunities today. Although, out of the 13 speakers, only three mentioned ASX-listed shares as their highest conviction pick — and out of those three, one was a tip to short shares.

Shares in Flight Centre Travel Group Ltd (ASX: FLT) finished flat today despite Regal Funds chief investing officer Philip King placing a target on the company's back. At the conference, King made his belief known that the company's shares are overpriced considering the trouble it might have ahead of it still. Namely, the pressure it could face by more competitive online travel offerings.

On the other hand, both Megaport Ltd (ASX: MP1) and Pinnacle Investment Management Group Ltd (ASX: PNI) copped rave reviews by Eleanor Swanson and David Allingham respectively. Notably, Swanson named Megaport as "the most exciting tech adventure of this decade". The shares in both ASX-listed companies finished the day higher.

Beyond these top picks for 2022, the industry experts delivered a long list of companies that local investors might not have heard of before. However, as we found out, these obscure investment opportunities might be more familiar than originally thought.

For instance, Qiao Ma's pick of Techtronic Industries Co. Ltd. (HKG: 0669) is the seller of numerous power tool brands including Milwaukee and Ryobi.

All 13 investment opportunities for 2022 revealed

Every stock pick from the Sohn Hearts & Minds Investment Conference is listed below:

Share pickShare priceMarket CapitalisationSpeaker
Bengo4.com Inc (TYO: 6027)$6,030A$1.68 billionJay Kahn
Techtronic Industries Co Ltd (HKG: 0669)$172.80A$57.51 billionQiao Ma
Avalara Inc (NYSE: AVLR)$132.99A$16.34 billionBabak Poushanchi
Megaport Ltd (ASX: MP1)$20.99A$3.31 billionEleanor Swanson
Spotify Technology (NYSE: SPOT)$228.54A$61.87 billionHamish Corlett
Delivery Hero (ETR: DHER)$107.40A$43.92 billionBeeneet Kothari
GitLab Inc (NASDAQ: GTLB)$91.23A$18.39 billionYen Liow
Flight Centre Travel Group Ltd (ASX: FLT)$17.24A$3.44 billionPhil King
ON Semiconductor Corp (NASDAQ: ON)$62.54A$38.07 billionNick Griffin
Wise PLC (LON: WISE)$738.25A$13.78 billionMarkus Bihler
Beauty Health Co (NASDAQ: SKIN)$23.81A$5.03 billionJoyce Meng
Coinbase Global Inc (NASDAQ: COIN)$284.71A$86.58 billionGavin Baker
Pinnacle Investment Management Group Ltd (ASX: PNI)$15.82A$3.15 billionDavid Allingham
Data as at 4:00pm AEDT

Despite the enthusiasm from these stock pickers, a cloud of scepticism was cast by Berkshire Hathaway's Charlie Munger. The renowned longtime investor put some doubt on current market valuations with his commentary, saying:

Some of the valuations we saw in the dot-com era were higher. But overall I consider this even crazier than the dot.com era.

In addition, Munger handed down his grilling critique of cryptocurrency. Warren Buffett's right-hand man said, "I wish they'd never been invented."

All in all, it was an incredibly eventful day. But now, investors have a bigger bank of potential share ideas for the year ahead.

Motley Fool contributor Mitchell Lawler owns shares of Spotify Technology. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended MEGAPORT FPO and PINNACLE FPO. The Motley Fool Australia owns shares of and has recommended PINNACLE FPO. The Motley Fool Australia has recommended Berkshire Hathaway (B shares), Flight Centre Travel Group Limited, and MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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