competitive-advantage
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Posts posted by competitive-advantage
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2 hours ago, ValueArb said:
I work for decent sized Tech Unicorn and ChatGPT has been banned here. The issue is that to get the most out of it for development you need to feed it your existing codebase and ours is highly proprietary and no one wants to allow our competitors to catch up just because they were able to as ChatGPT for solutions our code solves. They are working on a solution right now, but no idea how long until we can get comfortable with it.
Good idea to be cautious. I've talked with Chat GPT about what other users were using AI for and I got some pretty honest answers. Not specific details, but at least the subjects and it could potentially harm a companies competitiveness.
2 hours ago, ValueArb said:I'm also convinced it will have a valuable place in mental health. Psychology is a soft science whose studies have a lot of reproducibility issues. So the best way to provide therapy is unclear (and regularly changing). But there is reasonable support for the idea that just being able to talk to someone privately about your problems and issues improves perspective and mental outlook, so why not provide a bot at a fraction of the cost of a real therapist?
That will be interesting. Especially if it really helps or it's just like social media where you get some good things, but many bad things as well. I can imagine it would be good if you ask for advice, get good advice and act on it. Otherwise I guess it's not good to rely on AI as a friend instead of training social skills.
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17 hours ago, Spooky said:
Thanks for the feedback! I made a conscious decision to try and keep close to 50% in CSU starting a couple years ago to try and concentrate in my best ideas and it has been working well. My goal is to move to a portfolio described by Hagstrom in the Warren Buffett portfolio (focus investing) or similar to Nick Sleep (just a three stock portfolio, Amazon, Costco, BRK) and Charlie Munger (BRK, Costco, Li Lu).
I know CSU very well since I work there and generally 50% of my bonus needs to be in shares of the company. Also, given the nature of the company (basically no debt, extremely well diversified, excellent balance sheet) I’m comfortable that this can’t go to zero. Given the growth of the company my allocation was actually getting over 50% but I was able to take my bonus in cash this year to allocate to some other ideas (which is why I have more cash than normal). This portfolio is 100% of my net worth but I’m 37 and have no debt.
I like your concentration strategy and I think Constellation Software looks interesting. I don't know so much about the company yet, but what I noticed besides great numbers were: (CSU/Industry)
Quick Ratio MRQ 0.54 1.71 Current Ratio MRQ 0.65 2.17 LT Debt to Equity MRQ 67.35% 20.6 Total Debt to Equity MRQ 133.59% 37.04 https://www.investing.com/equities/constellation-software-inc-ratios
These numbers would worry me. Are you aware of this and can tell more?
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36 minutes ago, formthirteen said:
Thank you for the tip. Reading it now and found interesting things already:
GOOGL
I understand these thoughts, but if you earn more than you advertise for it’s still good for a business. Fewer searches will often mean higher click prices or businesses will use their money on other advertising. I agree that Google search is at huge risk, but they still have opportunities with their ad network. I don’t own any of these, but yeah, I would prefer Microsoft at this moment and I have recently asked Chat GPT questions that I would Google earlier. More information searching though.
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A Tesla investor, cross fitter, and a vegan come into a bar. I know because they told me
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4 hours ago, frommi said:
Whats the moat here?
The competitive edge emerges when the superior AI for task X draws in a majority of clients. As a company acquires more customers, its performance enhances, leaving competitors struggling to keep up.
I employ AI for creating content and discovered Chat GPT to surpass Jasper AI in terms of capability. Furthermore, Chat GPT excels in formulating strategies, programming, and addressing diverse queries.
For businesses, whether the AI replaces 1, 2, or 50 writers, the monthly expense of $1,000 or $5,000 is inconsequential.
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@tnp20 Thanks for your experiences. It's really helpful
The astonishing realization I had is that most questions can be answered by asking ChatGPT. While I don't always agree with its responses, it often provides a solid starting point for further research. I concur with you, @Spekulatius , that ChatGPT can occasionally be accurate, as demonstrated by the teenage example. It's crucial, however, that we offer feedback through upvotes/downvotes and written comments, and even engage directly with ChatGPT.
It was an intriguing experience creating the comedic post above with ChatGPT. Although the AI generated the text, I provided substantial feedback and brainstorming. However, when I mentioned our collaboration in creating comedy, ChatGPT kept insisting that the AI did the heavy lifting and my contribution was minimal. I later realized that, of course, the AI needs feedback as it doesn't yet fully grasp the extent of human collaboration required.
I have been using ChatGPT extensively for a food website I am developing. The AI excels in areas like writing, strategizing, coding, debugging, and speed. It feels like working in a team of 3-4 people instead of just by myself. When in doubt, I can ask ChatGPT and usually receive helpful guidance, similar to what I might get in a department meeting.
As for accessing the latest data, there's a Chrome plugin that allows internet access, but it isn't perfect. Alternatively, you can provide ChatGPT with text from earnings calls, for example, and then ask questions. It will be fascinating when ChatGPT can actually remember things, as currently, I have to repeat information when a new day begins.
I also see potential for AI in mental health support. If someone is struggling and lacks a friend to talk to, they can engage in conversation with AI. While it's not human, it could still provide valuable assistance to many people.
Furthermore, ChatGPT is a game-changer for individuals who are not fluent in English (or other languages) or have dyslexia.
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Great idea
Here's my current allocation:
Cash: 58%
Apple: 27%
Prime Office A/S: 5%
Scandinavian Investment Group A/S: 5%
H+H International A/S: 5%
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Franco-Nevada Corporation (FNV)
Jobindex A/S (JOBNDX.CO)
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We need to differentiate between Educational Buffett, 2023 Buffett, Turnaround Buffett, and Asset-based Buffett.
- Educational Buffett refers to Buffett sharing knowledge with followers who often have less than $1 million in investments.
- 2023 Buffett represents Buffett with significant cash reserves, which limits his investment opportunities due to the sheer size of the investments required.
- Turnaround Buffett focuses on companies in crisis with low prices compared to their true business value.
- Asset-based Buffett looks for businesses like oil companies with a high proportion of assets compared to their price.
Buffett evaluates the best opportunity, and if he had a smaller sum to invest in a single great company for the long term, he would likely do that, unless there were other major opportunities available.
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I did some experiments with Chat GPT the last days and it's actually quite funny
The picture is from deepai.org
Buffett, Munger & Berkshire: The Oddball Trio’s Shenanigans
When investing legends meet slapstick comedy
Introduction
Meet Warren Buffett, Charlie Munger, and their brainchild, Berkshire Hathaway. This oddball trio’s antics have been making headlines for decades. But have you ever wondered what it would be like if they starred in their own sitcom? Well, buckle up, because you’re about to embark on a hilarious journey into the light-hearted side of this powerhouse trio.
Scene 1: The Oracle of Omaha’s Magical 8-Ball
Setting: Warren’s office, where he consults his trusty 8-ball for investment advice.
Warren (shaking the 8-ball): “Oh, mighty 8-ball, should we invest in this new tech startup that claims to have invented a time-traveling app?”
8-ball: “Reply hazy, try again.”
Warren: “Hmm, I guess we’ll just have to use our old-fashioned method of reading annual reports and analyzing balance sheets.”
Charlie (entering the room): “You know, Warren, I always thought the 8-ball was just a prop for photo-ops.”
Warren: “You’re right, Charlie. But it’s still more reliable than Wall Street’s predictions!”
Scene 2: The Dynamic Duo’s Secret Weapon
Setting: Charlie’s secret lab, where he’s been working on a new investment analysis tool.
Charlie: “Warren, I’ve finally done it. I’ve created a tool that can predict the perfect stock pick with 100% accuracy.”
Warren: “Charlie, that’s incredible. How does it work?”
Charlie: “It’s a complex system of algorithms and data analysis that takes in all available financial data and analyzes it based on the principles of value investing. I call it the ‘Mungerator’.”
Warren (laughing): “The Mungerator? I love it. But can we really trust it?”
Charlie: “Absolutely, Warren. The Mungerator even predicted the outcome of the last Super Bowl.”
Warren (chuckling): “Well, I guess we can’t argue with that kind of track record.”
Epilogue
And there you have it, a glimpse into the humorous side of Berkshire Hathaway and its legendary duo, Warren Buffett and Charlie Munger. Even though they are known for their serious approach to investing, it’s good to see they have a sense of humor about themselves and their investments.
Disclaimer
Hold up, folks! Put on your giggle goggles and deflate that serious-o-meter, because this post is the lovechild of a mind-boggling collaboration between our trusty human and the ever-hilarious AI. Our mission? To tickle your funny bones and serve up some light-hearted entertainment!
But remember, relying on this post for investment decisions is like asking a llama to conquer Wall Street. It’s just not gonna end well, capiche?
While we do mention financial gurus like the genius duo Warren Buffett and Charlie Munger, or their brainchild, Berkshire Hathaway, please be aware that the views and opinions expressed in this post are solely for amusement purposes. We ain’t representing any corporations or individuals mentioned.
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I heard Brad Kaellner talk about this on his Youtube channel. He couldn't find anything, so he guessed that Buffett means DJ's annual meeting. I have no idea if it's right
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Fool.com had a number that showed how many percent of the users expected the stock to beat the index. I don’t know if it’s behind paywall now or just gone.
Recently I invested using Grahams Simple Way, but it’s to mechanic for me.
I prefer to find great companies and just wait for them to reach a fair price.
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21 hours ago, Gregmal said:
Looks great. Enjoy
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5 hours ago, ValueArb said:
Apple Silicon has also given them a new competitive advantage, especially in laptops where its combination of performance and low power usage is way ahead of Intel/AMD. But it remains to be seen how long they can keep their lead, last time they went their own way with processors (PowerPC) they couldn't keep up with x86 over time. They still haven't been able to scale Apple Silicon to Mac Pros yet.
Thanks. I have no idea how this will affect sales. When I buy tech products it's not because the device is the fastest. I will do some more research about this development and which factors customers value highest, so I'm aware of that.
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16 hours ago, Luca said:
Buffett liked it even a bit higher. My concern is how much innovation they can pull off to gather more market share but one might not even need that. Just growing in the other markets/emerging markets+buybacks should reward you. Services are also growing. What is your thesis longterm? How do you see apples future?
Thanks for asking
Their focus on the customers will make them sustain and grew their position in the future.
I had iPhones for many years and recently bought a Macbook Air. That made me realize how good the products really are. My photos and passwords are stored in the cloud, so that combined with the user experience there is no chance I’m changing to another brand.There may be stronger competive advantages out there, but within my circle of competence they’re hard to find. I will do my best anyway
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Bought Apple. I made the order in the weekend and did not expect Apple to go down so quickly to $125.45. I feel good about this investment after reading the annual reports of Apple, Samsung, Mediatek, Xiaomi, Vivo and Alphabet.
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Thanks for sharing your stories.
Lack of focus. I did everything from Magic Formula to Grahams Simple Way and macro investing. Now I’m using all my time on annual reports within known areas.
Account 1: -39.17
Account 2: -13.16
Biggest loser: Meta
Biggest winners: Alphabet & Innoviva
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Thanks for the recommendation. I tried to find something similar on Google and found this article:
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Merry X-mas and thanks for all the info
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A.P. Møller - Mærsk B A/S (tax reasons)
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Added some Jobindex A/S (JOBNDX)
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7 hours ago, Aurel said:
interesting valuation.
Are there some infos in english? The investor relation site seems to be in danish only.
I just found this interesting video in english from the founder/CEO (Year 1996-)
Summary: Kaare Danielsen, CEO and founder, gave a very entertaining walk through the Jobindex history – probably the first job aggregator in the world. His three key decisions was first to found the company; then change focus from price to service and lastly exploit the financial crisis. Although “founding the company” may seem too obvious as a key decision, Kaare’s thoughts on the matter was: In 1996 the internet was so new and no one used it, so it was a matter of catching the megatrend before it became obvious to the rest of the market. Then, when he had to compete against much larger companies it paid off to focus on service rather than price. That helped retain clients. See the video for a handful of great takeaways for a client focus strategy. Then during the financial crisis Jobindex chose to start advertising heavily and built a strong brand among both job seekers and employers. When the crisis came all the advertisers chose to only use one platform instead of maybe two or three. They were most likely to choose the platform with the biggest brand because that’s where most potential employees would probably search. A few years later Jobindex were able to buy Stepstone, their main large competitor in the early 2000’s. Now Jobindex is the big player in Denmark – and when asked about competition Kaare is not too worried about head to head competitors, but he admits that being a big company means that you move slower. “It is difficult to be small, but it’s even more difficult to be large,” as he put it.
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6 hours ago, Aurel said:
interesting valuation.
Are there some infos in english? The investor relation site seems to be in danish only.
I have translated the latest financial data for you.
JobindexRegnskab2021 (1) (1).pdf Kvartalsrapport2022K3 (1).pdf
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Starter position in Jobindex A/S
CPH: JOBNDX
GPT 4
in General Discussion
Posted
It's interesting that you mention this. Because one thing is what the AI is capable of. Another thing is how user-friendly it is. It would be possible to imagine one AI being the best at doing hard tasks and another one being more user-friendly. The first AI could get some technical wizards excited, but the user-friendly AI will win the masses. It's happened before
