Investors don’t have to look too far into the past to find stocks that were the cause of major structural disruptions. A recent example is, of course, Apple, a competitor in the three-way race to the top of the smartphone market late last decade. But the key to a finding a great investment is being able to pick the winner and avoid the losers without the benefit of hindsight.

Munro Partners Chief Investment Officer Nick Griffin explains to Livewire Markets the investment process that he and his team employ to minimise their exposure to losers and to allow winners to keep running.