watsa_is_a_randian_hero Posted March 17, 2021 Share Posted March 17, 2021 also the voting tontine with control centered in the top 3 for the rest of their lives will keep this out of some institutional portfolios and indices. this will keep it out of the investable universe of many. Link to comment Share on other sites More sharing options...
james22 Posted March 17, 2021 Share Posted March 17, 2021 Added. Now a 6% position. I'll take it 10% with additional confirmation. Link to comment Share on other sites More sharing options...
Spekulatius Posted March 17, 2021 Author Share Posted March 17, 2021 Any idea why this wasnt nearly as popular a couple months ago at half the price? It was too expensive for value investors (insert "lowering head in shame" meme here) and to cheap and icky for growth investors. Link to comment Share on other sites More sharing options...
james22 Posted March 17, 2021 Share Posted March 17, 2021 It wasn't ~45% off its high then. Link to comment Share on other sites More sharing options...
Lakesider Posted March 17, 2021 Share Posted March 17, 2021 I dont get it, over 40 times revenue? Link to comment Share on other sites More sharing options...
watsa_is_a_randian_hero Posted March 18, 2021 Share Posted March 18, 2021 I dont get it, over 40 times revenue? Admittedly its not cheap, but the best companies rarely are. Plugging 40%+ growth rate into the Gordon growth model doesn't exactly work either on this one d/[k-g] I was listening to an old Peter Thiel speech on his biggest mistakes. he said not investing in series B at facebook. He had led the series a for $500k at $5mm valuation, and less than a year later the B was implying $98mm (the company was still pre revenue). something he pointed out that I think is true, companies with high momentum will have these quantum leaps in growth are often the most undervalued because people have a hard time justifying their staggering valuation levels. My biggest mistakes in investing came when I as younger trying to view everything from the traditional valuation lens and avoiding tech companies simply because Buffett historically did. Link to comment Share on other sites More sharing options...
Gregmal Posted March 18, 2021 Share Posted March 18, 2021 I dont get it, over 40 times revenue? Admittedly its not cheap, but the best companies rarely are. Plugging 40%+ growth rate into the Gordon growth model doesn't exactly work either on this one d/[k-g] I was listening to an old Peter Thiel speech on his biggest mistakes. he said not investing in series B at facebook. He had led the series a for $500k at $5mm valuation, and less than a year later the B was implying $98mm (the company was still pre revenue). something he pointed out that I think is true, companies with high momentum will have these quantum leaps in growth are often the most undervalued because people have a hard time justifying their staggering valuation levels. My biggest mistakes in investing came when I as younger trying to view everything from the traditional valuation lens and avoiding tech companies simply because Buffett historically did. I'll start off by saying that PLTR has been around for two decades now, so they arent exactly the new kid on the block. Otherwise, you are ahead of the game if you are cognizant of the rest of what you wrote. The best educations are first hand, but you can learn nearly as much by watching and listening to others. Both in terms of what they do well, and what they dont. And yea, Buffett is the GOAT, but he's also not exactly the end all be all. I recall a number of folks here refusing to invest in the market last spring because "Buffett was bearish"....Buffett also said Bitcoin was rat poison at $5,000...its fine to be inspired by others but thinking for oneself is crucial to successful investing. Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 18, 2021 Share Posted March 18, 2021 I dont get it, over 40 times revenue? Admittedly its not cheap, but the best companies rarely are. Plugging 40%+ growth rate into the Gordon growth model doesn't exactly work either on this one d/[k-g] I was listening to an old Peter Thiel speech on his biggest mistakes. he said not investing in series B at facebook. He had led the series a for $500k at $5mm valuation, and less than a year later the B was implying $98mm (the company was still pre revenue). something he pointed out that I think is true, companies with high momentum will have these quantum leaps in growth are often the most undervalued because people have a hard time justifying their staggering valuation levels. My biggest mistakes in investing came when I as younger trying to view everything from the traditional valuation lens and avoiding tech companies simply because Buffett historically did. I'll start off by saying that PLTR has been around for two decades now, so they arent exactly the new kid on the block. Otherwise, you are ahead of the game if you are cognizant of the rest of what you wrote. The best educations are first hand, but you can learn nearly as much by watching and listening to others. Both in terms of what they do well, and what they dont. And yea, Buffett is the GOAT, but he's also not exactly the end all be all. I recall a number of folks here refusing to invest in the market last spring because "Buffett was bearish"....Buffett also said Bitcoin was rat poison at $5,000...its fine to be inspired by others but thinking for oneself is crucial to successful investing. Preach brother! Link to comment Share on other sites More sharing options...
watsa_is_a_randian_hero Posted March 18, 2021 Share Posted March 18, 2021 More sharing options... james22 Posted March 18, 2021 Share Posted March 18, 2021 Value is where you find it. https://www.oaktreecapital.com/docs/default-source/memos/something-of-value.pdf Link to comment Share on other sites More sharing options... Prev 1 2 3 Next Page 3 of 3 Create an account or sign in to comment You need to be a member in order to leave a comment Create an account Sign up for a new account in our community. It's easy! Register a new account Sign in Already have an account? Sign in here. Sign In Now Share More sharing options... Followers 0
james22 Posted March 18, 2021 Share Posted March 18, 2021 Value is where you find it. https://www.oaktreecapital.com/docs/default-source/memos/something-of-value.pdf Link to comment Share on other sites More sharing options...
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