Good video to entice anyone who hasn't already read the Book.👇
Main points in the Video.
1)Focus on the Co's that still have a long runway for growth, but make sure that they are currently on the right path.
2)Look for Co's that can continue to grow for years to come and where there's still room for higher valuation - The Twin engines.
3)Having an Owner-Operator or Mgmt that have the right incentives for long-term Business growth and shareholder interests is great.
4)Avoid emotional errors by putting your Stocks in the Coffee can (but still monitor the Business performance).
5)Ignore the Macro analysis.
For investors with the right mindset, this is one of those rare books that shows your potential on what can happen when one puts down their head, does the required work, knows what to focus on while ignoring the rest, and let time/compounding do the hard work for them.
END. 🙏
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Between the high inflation (& resulting Fed action expectations), Russia-Ukraine escalation and the general negative sentiment towards growth Cos in the last few months - this is probably one of the worst weeks to be reporting results.
E-Commerce Cos have their own issues to deal with (tough Comps against COVID qtrs, Supply chain & Labor/wage issues..). Let's see what they delivered and guide.
When things are going great in Markets and everyone's happy, I usually like to read more of Ben Graham, Seth Klarman and Howard Marks, to focus more on intrinsic value, downside risk and market psychology & cycles etc.
$ROKU Didn't get a chance to get into much details yet (maybe this weekend).
Below highlighted were just some concerns from the income statement based on the 1st look. Any Roku experts here that can answer any of these Qs.
Keeping aside the qtr to qtr beats & misses and stock price reactions, with so much CTV tailwind I'm more interested in
-Evolving Competition in Smart TV and how their partnerships are going.
-General trend of Active Accounts, engagement & ARPU trends (post COVID)
-Platform Revs, growth and Margins. Ad Partnerships.
-Traction on (& value) from the investments on ROKU channel.
-How they navigate the evolving CTV advertising landscape and competition from Amazon/Google.
Any $RBLX experts here (other than @honam who might not be able to comment)?
Just quickly went over the results. Most metrics look OK, except for recent Bookings trend.
DAUs & Engagement (as of Jan-22) still increasing but Booking decreasing YoY?
Tough COVID comps or something more at play here (or I'm just misreading it)?
I guess explanations will come on the call tmrw.
(Are parents finally winning the battle of not paying for Robux for the 10th time in a month ? I doubt it😀)
Thank you for all the comments. Yes higher DAU growth & lower bookings from Developing Markets could be causing some of this (will have to wait & see from full commentary/call).