Invest Like The Best

it was a mistake with Apple because in the first five or six years of Apple um it was awesome...and then we sold in 2012 when it got to sort of 50% of the US had a smartphone...they maintained their leadership position it had a couple years of underperformance and then the multip

— Invest Like The Best, at 23:06

When we bought Amazon for AWS, we were getting it for free...we pitched Amazon for AWS at 2013 at the Robin Hood investors conference and we said the bulls have no idea what they're sitting on. Amazon's won the war but before it even started

— Invest Like The Best, at 34:32

ASML has critical intellectual property. You can't make a chip without their lithography.

— Invest Like The Best, at 30:53

if you're a company like Salesforce, you've got 40 billion in sales and now you might have 500 of ARR 700 of AR of AI. So you've got this huge base...CRM is going headless or they're making a headless version and that's sort of the bare case too that you get relegated to just bei

— Invest Like The Best, at 41:56

When we were buying Nvidia in 2023, we were paying four times earnings.

— Invest Like The Best, at 19:20

When we bought Tesla in 2019 for the car scurb, we were paying five times earnings...with the electric vehicle S-curve, you have to pay attention too because...it did hit a big wall at 10 or 15%. Usually the S-curves go kind of all the way. Um, but in this case, for a variety of

— Invest Like The Best, at 19:20

I have been optimistic that this fundamental shortage of wafers which really today is controlled by Taiwan Semi will prevent one [a bubble]... if we don't get a bubble, like we need to throw a party for them because they will have single-handedly prevented a bubble.

— Invest Like The Best