For sure, in hindsight these things always seem so obvious. For me the most recent drop after earnings was good enough. Business is too strong IMO

@@TheDividendAristocrat I sold LLY at $350 and I sold NVDA before the split. Oh, but I have cash.. I’m an idiot! 😆

Me too. I remember when it hit 90 odd. People were all "rip zuck". And I watched. Then it moonshot

For sure, huge globally

Thank you!

Thanks!

No worries!

VLO will get cut eventually. It was very close to getting cut in March (I talked about it in my newsletter then) but I was making so many other changes and it had been such a good performer that I held on. Basically, VLO doesn't actually fit my strategy. It's a Narrow moat business (although refiners aren't really being built in the US) with pretty much no growth (negative like you say). But it's had a good run in my portfolio and tends to trade in big up and down swings. I would expect me to get out of it (or trim a good amount at least) whenever it's on the upswing again.

FYI I sold out of it today at $166 ($117 cost basis) - will talk about it in my video for tomorrow

Thanks!

I figured SBUX would trade back down, will be interesting to see if it kind of holds at that level or goes lower. I've sold at bottoms (like with SBUX) and I just decide whether or not I still believe in the company or not and if not I don't care. Not every decision will work. My LULU and MSCI holdings are proof of that at least so far 😂

I'm not talking about scale in terms of compute power. I'm talking about scale in terms of amount of users interacting daily with their AI and the depth of knowledge they have about them. Google - yes, because they have KZfaq and they've integrated Gemini into Google search and Docs. However the difference with Google is that they haven't introduced Gemini into KZfaq on the consumer side yet, and while Gemini is integrated into Search - their user data will depend on how many other Google tools they use. Amazon has like maybe 350 million users? So we're talking 10x less than Meta in this context. Again, I'm not talking about servers and compute scale, I'm talking about how many daily interactions by different people into their AI models.

@@mattderron I addressed that directly you are conflating AWS user accounts with their app users.

I’m not talking about AWS at all, I’m talking about the Amazon marketplace users. People who shop on Amazon. I have no idea how many AWS users are using Amazon AI services or Bedrock. But even then Bedrock is an LLM aggregator to my knowledge so it’s impossible for me to know what value / data Amazon would be getting directly from that. The point I was trying to make was that a huge set of diverse users all around the world are interacting with Meta’s AI every day because they turned it on my default for everyone. It’s not their full 3.24B users yet because it’s only in select countries. But I don’t think any other company has that scale of users hitting their model every day. This is not a negative view on Amazon or Google, obviously since I own them both too (in higher allocation than META). I was simply trying to make a point of the scale of actual users hitting their proprietary model every day.

It is (as far I know lol)!

🥇