Jurgis

Was asked before here: https://www.cornerofberkshireandfairfax.ca/forum/general-discussion/opportunity-zone-investing-and-funds/msg384798/#msg384798

Same for me. I think the other guys are just using crappy value investor CCs. ::)

This guy SPACs! 8)

So you think that PSH trading at .70 of NAV indicates that everyone thinks Ackman is smart again? Hmm, OK. ::) Did I say anything about valuation? No. My comment was more about the general tone of the comments I have seen recently vs the criticism that was omnipresent several years ago. Peeps appear to be overweighting the most recent developments instead of thinking more holistically about Ackman's entire career. Agree with Greg that Ackman isn't a moron, but it's hard for me to be a fan of someone who has blown up two hedge funds. My point is that you are overclaiming that "everyone thinks Ackman is smart again". And the valuation shows that you are overclaiming. If everyone thought that Ackman is smart, PSH would not trade at 0.7 NAV.

So you think that PSH trading at .70 of NAV indicates that everyone thinks Ackman is smart again? Hmm, OK. ::)

Don't tell this to Donnie Frump. On the second thought, do.

It's still “The Happiest Place on Earth.”

I looked at this yesterday, since Barron's had a tiny paragraph on it. It looks like there has been no growth, so I stopped looking. @Sanjeev: Please move this thread to Investment Ideas?

That 1 share will provide many beers. Cheers! You are under estimating how much Jurgis drinks QFT

Sold 1 share from my beer-sized position today. /yawn

Just FYI, publicly editable spreadsheet looks like it's been corrupted. At least some values are grossly incorrect. This should have been expected but FYI if someone is still using it.

Sounds interesting I might start by going through the report Just FYI M* is changing the analyst on DBX. The old report is still available, but they dropped some parts like value estimate (that may be irrelevant for you anyway).

I rarely listen to podcasts. Unfortunately, podcasts (audio) and video (Youtube/etc.) are huge time hogs. I think I still have browser tabs open from 3+ years ago with podcasts/videos that I have not viewed/listened. Compared to reading a transcript/article/whatever, even at 2x speed audio/video is huge time hog. Before anyone suggests: I don't listen while driving. I don't take public transport. I don't listen while exercising, cooking, taking shower, having sex, sleeping, etc. ::)

Sorry @Sanjeev, but ad-blockers exist. ::) And thanks @Sanjeev that we are not subjected to the "remove your ad-blocker or else" threats. 8)

IIUC the current fee is really not monetization, but rather a barrier to keep random Interdudes out. Proposed subscription is likely monetization. I agree that it might not attract that many people. Unless people see it as a support-Sanjeev payment and pay it even though the benefits are not big. Let me back-of-the-napkin calculate revenues for CoBF. It says max online in 2019 was 1950. Looking at guests/members ratio, it's about 5:1. So 1950 / 5 = 390 members. Let's guess 10x total members: 3900 (maybe that's undercounting). Well, if you get $200 per year per 3900 users, that's $780K per year. That's pretty respectable actually, since you likely spend less than 1 person/year for upkeep. The problem is that I'd guess 1/10 of the 3900 users will actually subscribe (and even if I undercounted casual users, they are unlikely to subscribe, so the total might be close). So that's $78K. Actually not bad. Might pay for upkeep, though clearly not something one can live on (in Canada). At these numbers likely subscription yields more revenues than any ad-based strategy. So unfortunately, likely subscription is the way to go. Even though personally I'm not fond of subscription sites (and likely won't subscribe).

Congrats alwaysdrawing for suggesting this and investing into it. Current valuation though. :o As with most high-growth software names.

Copying some material from General thread for people to continue discussion on DBX: ---------------- I have looked at DBX and BOX some time ago. Here I have bigger issues with competition. If you are business and you go to cloud, you get disk storage and backup storage together with cloud. I.e. just get AWS/GCP/Azure/whatever cloud storage. Why would anyone use/pay for DBX/BOX? If you are not business, then there's still Google/Amazon/Microsoft drives in the cloud that are competitively priced and likely more integrated with your other stuff (e.g. Gmail/Amazon photos/etc.). So I really don't see a defendable niche. There were people defending BOX here on CoBF couple years ago. And presumably there were businesses paying for storage there. So maybe I am totally wrong. --------------- There is M* report on DBX with similar arguments. ---------------

Copying some material from General section thread for anyone to continue EB discussion: ---------------- Regarding EB, I kinda liked that people were using them for meetings (pre-Covid). Not sure how much that is monetized/etc. Not sure if there is really moat. IMO the platform is buildable and other companies could sideline this. E.g. Meetup or even FB/GOOGL/Groupon (are they still alive)/LYV. OTOH, it's possible that they could build critical mass and have some moat. I'm neutral right now. --------------- I'd say: charging organizers fee for (non-free?) event listings, charging percentage per ticket, ads on the site, paid promotions of events. But I don't know the mix of the above.

Usual urban legend/conspiracy theory fare. ::) We have a fair :P share of these on CoBF too.

Be the poll! I'm fine with whatever poll decides. If people are interested, we can always talk more about EB and DBX here on respective threads.

I'd say: charging organizers fee for (non-free?) event listings, charging percentage per ticket, ads on the site, paid promotions of events. But I don't know the mix of the above.

Thanks. Could not find the first two. Not sure about the second two. Maybe gonna try Forever Nuts. I kinda liked Buddha's Blend https://www.davidstea.com/us_en/tea/buddha-s-blend/10348US01VAR0017249.html and Organic Japanese Sencha https://www.davidstea.com/us_en/tea/organic-japanese-sencha/10057US01VAR0012968.html from the teabag set my wife bought. Might buy these. Just have way too much green tea right now. ::)

I agree with you spartansaver. Recognizing great manager is tough. My examples make it look easy with 20/20 vision. But who knew that Ballmer will screw up while Satya will do great? (Yeah, I know the Monday morning quarterback Ballmer haters "knew".) Who knew that Rometty will fail while Satya will do great? And was Zuckerberg a great manager or just good one? How about Eric Schmidt? IIRC Novell failed under his leadership. I was definitely not impressed when Google made him CEO. Did he become a great manager or just good-enough one not to screw a great company? And how about Dara? Is he gonna make Uber great again? (Not even talking about Ron Johnson and JC Penney...). Is Larry Ellison great for building Oracle into juggernaut or is he a fail for recent Oracle mediocrity?

OK, I'm ready for hate. 8) I went and read M* report on DBX. I know that people here on CoBF have low opinion about M* reports. Well, so here's couple things: 1. M* report says pretty much what I said above. With more data/numbers/etc. 2. IMO M* report is better than a lot of postings on CoBF. Definitely better than my postings. So there. 8) (Yeah, M* covers limited universe - there's no M* report on EB, for example - so there's def niche for people posting on CoBF. And for some stocks CoBFers may know more than M* analysts.) Anyway, I'm still interested in what OP will write. 8)

I have looked into DBX and I have owned EB. I am somewhat interested in both. Regarding EB, I kinda liked that people were using them for meetings (pre-Covid). Not sure how much that is monetized/etc. Not sure if there is really moat. IMO the platform is buildable and other companies could sideline this. E.g. Meetup or even FB/GOOGL/Groupon (are they still alive)/LYV. OTOH, it's possible that they could build critical mass and have some moat. I'm neutral right now. I have looked at DBX and BOX some time ago. Here I have bigger issues with competition. If you are business and you go to cloud, you get disk storage and backup storage together with cloud. I.e. just get AWS/GCP/Azure/whatever cloud storage. Why would anyone use/pay for DBX/BOX? If you are not business, then there's still Google/Amazon/Microsoft drives in the cloud that are competitively priced and likely more integrated with your other stuff (e.g. Gmail/Amazon photos/etc.). So I really don't see a defendable niche. There were people defending BOX here on CoBF couple years ago. And presumably there were businesses paying for storage there. So maybe I am totally wrong. Anyway, I'd be interested in what you write on either/both. Not interested in the other two. 8)