Jurgis

I guess we agree on FB and let's leave it at that. Have fun. 8)

You want to put the money where your mouth is? I'm fine to bet real money on my prediction. What is your prediction? Let's focus on Facebook since that's the topic here. Can you make a quantifiable evaluatable prediction on FB AR/VR for whatever time frame you want?

Yes, you can believe Cisco marketing spiel, when even RealWear does not use term "augmented reality". Maybe we should call it "exaggerated reality". This has been achieved in marketing for hundreds of years already. ::) ;D 8) Or we can go with Wikipedia: https://en.wikipedia.org/wiki/Augmented_reality RealWear does not do two out three features, unless you stretch definition of feature 1 to the point of being pretty meaningless. BTW, Pokemon Go is AR based on Wikipedia definition, so the definition is not really that demanding. ::) But that's a topic for another discussion. I'm all for progress and it's great to hear that companies are developing glasses-based devices. I'm gonna stick with my prediction for consumer and entertainment AR/VR. Anyone super bullish on VR can invest in https://www.seedinvest.com/virtuix/series.a.2 and even get the product at discount. Or invest in FB and 13000 employees working on VR (if true). I do. In size. ::) Have fun. 8)

Source? Look up RealWear RealWear is not VR or AR in strict sense. If it's considered AR or VR then any handheld is AR/VR really... Ah, wait, they call them "assisted reality" headsets. Not "augmented reality". But still AR. Clever marketing. 8) And you did not provide the source for 9-figure revenues. But thanks. ::)

Source?

+1. I had a prediction in 2014: "In 2020 VR headsets will have <10% of games/entertainment market." This was a smashing success. If only I could have invested in my prediction. ;) Let me up this prediction now: "In 2025 VR headsets will have <10% of games/entertainment market." At some point I will be wrong though. 8) Re: FB. I don't feel ick about it. It's possible that FB users track older. There are a lot of 50-60-70-80y old relatives on the platform. I'm drawn into to consult: how to create groups, clubs, upload, etc. And they post, they share, they upload, etc. Maybe they will all die off at some point, IDK. I personally use FB infrequently to see what friends/relatives are up to. Definitely not a big draw for me, but I use it. I don't think FB is ad-saturated. I think it's pretty reasonable. I don't use IG at all. I don't use WA at all. In terms of social networks, I started using Twitter recently. As some people noted, there's way more investing info on Twitter than on CoBF. ::) Maybe this means death to Twitter, since I may be way-lagging indicator. ;D :P BTW, IMO Twitter is way more ad-saturated than FB. At least I am shown way more crap that I don't want to see there. Disclosure: I have a large FB position that I have had for a while now. I keep adding once in a while slowly. I have small TWTR position that I have had for a while now. Not adding. I may change my mind at any time.

In another 10 years? ::)

That's my pretty persistent feeling about ANGI. ::)

Morningstar expects mid single digit sales growth and I don't see any reason why it would/should be higher than that based on the history. OK, I'll go with 7% growth. Still not cheap and nothing to get excited about IMO.

The book is written by someone who posts on CoBF - and at least some of you may know him. 8)

The underlying seems to be expensive. 7-10% expected growth, high current valuation based on proforma numbers, so might be even worse in reality. Looking at their "comparables" why not just buy ADSK instead? ::) So your 3) is not attractive IMO. That leaves 1) and 2). Might be worth a swing, but likely I won't. Thanks for idea though.

+1 what 5xEBITDA said. The market is getting somewhat rational in terms that prices dropping below $10 are: - Crappy deals that likely won't pop - Crappy deals that cannot be redeemed anymore - Crappy deals that may not get approved by shareholders - Tentative deals that are crappy or won't get signed - SPACs that don't have a deal and may never have a pop-y deal A diversified collection may return more than cash, but at this time it may take effort and $$$ to diversify and it may not be worth either time or effort or $$$. If one could trust SPCX management, SPCX might be the right no-effort bet. But it's tough to trust that they will invest well. Disclosure: I own a bunch of crap. I may buy/sell/etc.

Depends on the growth rate you assume. If you assume 30% FCF growth for 10 years, then you may get close to 15% annual return. If you assume that FCF is understated because of investments, then this may or may not be reasonable. M* expects 22% growth rate. At that rate, expected return is ~7% annualized. I bought a bunch at $31XX last year. Probably won't buy more due to CEO change. I'm not sure if we are going to get Ballmer or Nadella. ::)

The Robinhood dogs have found other birds to chase I don't think it was all Robinhood or even mostly Robinhood. The number of SPACs has been exploding and that definitely sucks up and dries up the capital than can buy SPACs. I think there has been couple different categories of investors: - Growth/opportunity investors who bought SPACs for potential investment in future/growth companies - Conversion pop investors who bought SPACs for deal pop - Cash Alternative with Upside Optionality investors who are like the conversion pop investors, but a bit more conservative - Probably missing some group Growth stonks are dropping which is taking growth/opp investors out of the picture. With that the conv-pop investors are leaving too. And due to exploding number of SPACs, the cash alternative investors can't really keep prices up. It's all rational. ;) :P 8) ;D

Yes but it's a psychological thing. It "feels better" to own 3 shares @ 300/ea rather than 0.3 shares @ 3,000/ea. KK. 8) I'd guess new CEO may split. Who knoews. ;D

Most "common people" already can buy AMZN through fractional shares purchases at most brokers... ::)

That went fast. $9.96 quotes already. Edit: time to rename the thread: SPACs as Cash Alternative with Downside Optionality ? ;D ::)

TIKR 8)

TIKR: www.tikr.com

Can you recommend a good screener? Or do you just DIY it with a list of SPACs and a google sheet or some other means. https://www.spachero.com/units/ IPOs at https://spacinsider.com/

OK, I am going to get a lot of flak for this, but I prefer investor/manager who is looking at the present and future and not waxes nostalgic about deals he did 50 or 70 years ago and people he worked with at the time. Yeah, it's all nice and grand and maybe even interesting in general. But Berkshire is a business and shareholders letter should be about the current and future state of affairs. OK, maybe Buffett does not want to tip his hand and talk about the future. How about talking about 2020 then? There's a number of things he did or did not do that get zero mention in the letter. ::)

KJP, most of what you said is correct. 8)

This movie has special meaning to me (not because of healthcare). i hope you like it. Just in case it's not said, it's a sequel to a movie called The Decline of the American Empire. (not joking) 8) Yes, we liked it. Started a discussion afterwards. Will watch "The Decline of the American Empire" sometime soon.

IMO Roku UI is quite so-so. But I have not used competitors really. Also "Roku" UI is not really a single UI. Their UI really varies by service. Their Amazon UI is different from Neflix UI different from XXX UI. Some of these are better than others. Most are quirky. E.g. I've somewhat given up on such trivial functionality as rewind, since it's completely broken in at least one of the services and I can't remember in which one. So I've been conditioned as Pavlovian dog not to use it at all even if/when I'd like to rewind a bit. ::) I don't really have a great solution for this. Remote control UI is very limited in what can be done with it. Speech interface might be attractive, but so far apparently it has not been great. To be honest though I have not used speech interface on Roku (I think some models have it available), Amazon Fire TV Cube or Comcast - both of them have it.

"The Legend of Cocaine Island" ( https://www.imdb.com/title/tt8106596/?ref_=rt_li_tt ) - It's about investing. Really. 8) Just started watching "The Barbarian Invasions" ( https://www.imdb.com/title/tt0338135/?ref_=nv_sr_srsg_0 ) - can't go into politics here, but it's about our Canadian friends' healthcare system 8) "The Trial of the Chicago 7" ( https://www.imdb.com/title/tt1070874/?ref_=rt_li_tt ) - peace bros!