cubsfan

No, it's a great point. The share-based-comp of these hyper-growth software/cloud companies is out of control. Can't justify it, other than it's industry wide and worse for the real high flyers. I'm trying to assemble a few of the really strong cloud services guys into my portfolio. Back in 2012, I held my nose and bought 2000 shares of Service-Now, a company I knew well. Paid $21 at IPO - egregious price. Sold it at around $50 - nosebleed valuation. Now it's $500. Anyway, I picked up PaloAlto a few months ago on a dip. Been waiting for the opportunity to grab Splunk. This licensing/rev rec change is the opportunity for me to do it. Both PANW and SPLK have established their dominance (like NOW) in cloud based security/event management. They have the opportunity to be like CRM and NOW - just dominate in cloud tools and deployment. This whole area is in in infancy. So, yeah, they are pigs, just like the guys at CRM were 15 years ago. It sucks paying up for these hyper growth companies - but I do not expect SPLK's competitive position to deteriorate any time soon. Keep an eye on them. PANW too.

Added on SPLK - $114.00

Greg - that CALPERS press release is classic!

GOOGL @ $2375. oops.

^ You must be kidding or living under a rock.

^ Nah, the real answer is certain groups did not want to know the truth - period. IF the truth conflicted with their narrative - the answer was to stick your head in the sand, not ask questions, and avoid looking for any evidence other than what the lying "experts" were going to tell you. Plain as day. Totally obvious.

^ The Covid lies are being exposed - just like Russia, Russia, Russia. Amazing what suckers people are - to a media with no shame.

^ Yup, I like them too - met both of them at Berkshire meetings. Good guys. But I have tuned them out as well - as previous guys said - if you don't like the focus on macro calls, like oil or crypto, which I don't, then it's just too much guessing.

SPLK, Splunk - $121.25

Well, the obvious answer is that Epstein was a pedophile and Bill shouldn't be anywhere near him. Bad judgement on his part, excellent judgement on Melinda's part. It doesn't really have to be any more complicated than that.

Bought back DISCK $29.37

^ HA HA - that's about it!

^It really makes one wonder how much rot there is in the system No shit. Answer: A lot

The Wells management definitely pulled the wool over Warren's eyes. Having been to so many annual meetings where Buffett just lauded WFC management and their ability to cross sell. No one could sell products like WFC - over and over. Fooled me too, for a long time. They really abused their employees.

^ Now THAT definitely has nothing to do with Berkshire! HA

Well - it is a highly respected board member. Certainly salacious stuff, but for anybody that read the Snowball, it's newsworthy. Buffett is no hypocrite. Like Parsad said - he is human. So is Bill Gates. The good they have both done have greatly dwarfed all this nonsense. Unfortunately for them, they are public figures. I don't expect either of them to be perfect. Sounds like Bill fucked up, which is unfortunate.

Buying TEN @ $13.75 - looks like the right time in the auto cycle for this one. Had a blowout Q1. With pent-up demand & low interest rates - the biggest issue seems to be the leverage.

Thanks for this great idea Wabuffo - and explanation on DISCK vs A/B - sold at the open.

^ Yeah, "Follow the Science" means - "we're still lying to you".

More APTS 9.50

More BOMN - 24.60

Great stuff Castanza - you are one busy guy.

^ I think there are plenty of these suburban areas that have not seen any appreciation for years. Cities like Chicago, St. Louis, Minneapolis, Detroit, etc, etc - you are seeing lots of middle class families moving out of the cities because they are not safe while housing is still plenty affordable.

Fun reading about all the apocalyptic predictions again. People were so so sure of themselves - and vicious about it too - especially if you disagreed with them.

^ Brilliant explanation ! We're lucky to have a guy like Wabuffo as a member.