Ben Horowitz

It's now at $15.

If they put up two more quarters in a row, it'd probably be at $30.

It's just like that kind of thing.

It's just time.

And education, I guess.

Yeah, well, and you learn, Paul, so the way Wall Street works is, and

Warren Buffett always says, you know, in the short term, it's a voting machine.

In the long term, it's a weighing machine.

Well, why is that?

Well, the reason is it's a narrative.

They buy the narrative.

They don't buy the facts.

They buy the narrative.

So the story, if the story is this is a victim of the saspocalypse, barring any new results from that,

that's going to be a winning story because it's like such a good story.

And by the way, all the portfolio managers who own SaaS companies got fired.

So like nobody wants to jump into that, you know, kind of thing if you got the new job.

And so that story is going to hold for a while.

But eventually when the quarters come in, the weighing machine will go, well, maybe that narrative wasn't right for that company because why are they making so much damn money if they're a victim of, you know, if Anthropix can one-shot them?

Like, that doesn't make any sense.