Indeed! Maybe a sign that as he did with his tech mistake, he figures the strength of INTU MOAT and business model outways any M&A concerns? I didn't find any specific data on his Intuit puchase, so difficult to know his reasoning...
Great content. I like all his points and his stocks too for the most part. I do think that the future is going to be wildly different from what we have had the last 40 years, however. It could be much more frustrating and trying in my opinion. Not being bearish for the sake of being contrarian either. I think that more than not the markets are here to surprise and fool us. Nevertheless, staying focused and not bailing out of equities is essential. Adding to stocks with our cash at opportune times is also necessary. I am looking forward to the future and prepared for whatever...I hope. Thanks
I agree. I also think, if Dev does nothing from here, his current holdings will not produce the same results has in the past 10 years. Quality is priced in in the market. We'll need to be patient as you say. Have a great week-end!
Great content 👏🏼👏🏼
thank you!
This is the first time I've read your content, and I'm impressed. I really like the thorough breakdowns.
I'll keep reading.
All the best!
You made my day! Do not hesitate to share what I can improve!
You mentioned he doesnt like M&A, but he holds INTU with enormous Goodwill.
Indeed! Maybe a sign that as he did with his tech mistake, he figures the strength of INTU MOAT and business model outways any M&A concerns? I didn't find any specific data on his Intuit puchase, so difficult to know his reasoning...
Great content. I like all his points and his stocks too for the most part. I do think that the future is going to be wildly different from what we have had the last 40 years, however. It could be much more frustrating and trying in my opinion. Not being bearish for the sake of being contrarian either. I think that more than not the markets are here to surprise and fool us. Nevertheless, staying focused and not bailing out of equities is essential. Adding to stocks with our cash at opportune times is also necessary. I am looking forward to the future and prepared for whatever...I hope. Thanks
I agree. I also think, if Dev does nothing from here, his current holdings will not produce the same results has in the past 10 years. Quality is priced in in the market. We'll need to be patient as you say. Have a great week-end!
He emphasizes it’s not about a precise value, it’s about a valuation range.
Comment:
Here's the range:
P/E (GARP PEG=1) ≤ P/E (Intrinsic) ≤ P/E (RARP PEROIC=1)
Intrinsic Value is subjected to the Financial Performance Result.
Target Price and Fair Value are subjected to the individual thought.
Fair Value & Target Price ≠ Intrinsic Value.
GARP = Growth at reasonable price
RARP = ROIC at reasonable price
thx a lot!