Thread by @RamBhupatiraju

I love the combination of
✔️Picks & Shovel plays in the Digital Transformation, led by innovative leaders
✔️The best Co's in this space delivering important solutions while leveraging the best of SaaS Business models.
✔️LT view, buying early, buying slowly, stomach for Volatility

1⃣The ability to offer innovative/critical/useful solutions to Customers by leveraging the latest technologies

2⃣Developing an effective recurring revenue and high Gross Margin business

3⃣Landing/retaining/expanding Customers

4⃣Efficient S&M/R&D for sustainable growth

Co.'s that can do these effectively and consistently will reward shareholders over the long-term.

Yes, the valuations are stretched due to Macro factors and all SaaS trading as a basket (w/o differentiating for quality/durability/growth) is not ideal.

Whether or not you buy at these levels is a subjective and personal matter.

✔️How interested and competent are you in this space?

✔️Are you short-term (trading) oriented or long-term (business, intrinsic value) oriented?

✔️Are you going to be impacted by the daily news, stock price swings and other's opinions?

✔️Are you diversified enough to take some calculated risks in growth portfolio?

✔️Can you monitor the Business performance effectively to determine when to buy/add/hold/reduce/sell over time?

These are the questions every investor needs to answer for themselves instead of endlessly arguing online about the short-term Valuations

Long $DOCU $CRWD $NOW $OKTA $MDB $VEEV $ZS $DDOG $NET $PLTR $SNOW $TWLO $PAYC $WDAY $WIX $ZM

(Yes, I know. I should just buy an ETF)

/END