Zoom recording - Wednesday morning
Added 2023-06-14 13:14:36 +0000 UTCHey everyone, here is the recording of the Zoom call this morning:
Passcode: q=Rm#Hy1
Comments
Good recap
Generico Fakero
2023-06-17 05:11:17 +0000 UTCTo answer Chris’s question, because it wasn’t really understood… In two years time, if your estimates don’t change and the company really did earn what you predicted it would earn, then… The operational part of the company would increase by 12% compounded for 2 years, BUT the company’s cash would remain as is. The expectation is that the company would earn 12% on their cash, but likely won’t. However, if it’s Warren Buffett’s company, then he might use the cash and buy other companies, in which case the cash might go up by 12% too. But in Palantir’s case, the cash will earn 5% because they put it in treasuries. However the cash is really there in the company and therefore is worth exactly its value today. If you forward project the cash to increase by 5% and discount it back by 12%, then the cash will be worth next to nothing; which is probably correct if you are holding the company long term.
Spikey Mikey
2023-06-16 10:21:23 +0000 UTC
