Dmitry Gurski

Yeah. Because of that, even a conversation about what's fair price is useless because markets are irrational. Nothing is rational that there's a two years difference between two events. In one event, this company costs 30 revenues, and in another event, five revenues.

Yeah. Because of that, even a conversation about what's fair price is useless because markets are irrational. Nothing is rational that there's a two years difference between two events. In one event, this company costs 30 revenues, and in another event, five revenues.

Yeah. Because of that, even a conversation about what's fair price is useless because markets are irrational. Nothing is rational that there's a two years difference between two events. In one event, this company costs 30 revenues, and in another event, five revenues.

You may understand crisis, you may understand that rate was 2% higher or 2% lower, but it's not like a reason why company would cost like five or six times higher or lower. It means that it's just a reflection that markets are very irrational and price is irrational as well.

You may understand crisis, you may understand that rate was 2% higher or 2% lower, but it's not like a reason why company would cost like five or six times higher or lower. It means that it's just a reflection that markets are very irrational and price is irrational as well.

You may understand crisis, you may understand that rate was 2% higher or 2% lower, but it's not like a reason why company would cost like five or six times higher or lower. It means that it's just a reflection that markets are very irrational and price is irrational as well.

Again, it's a question when you're making justification of future value of the company based on current market multiples, are you trying to lie to yourself or so and so, because Who knows if markets change dynamic five times in two years.

Again, it's a question when you're making justification of future value of the company based on current market multiples, are you trying to lie to yourself or so and so, because Who knows if markets change dynamic five times in two years.

Again, it's a question when you're making justification of future value of the company based on current market multiples, are you trying to lie to yourself or so and so, because Who knows if markets change dynamic five times in two years.

Maybe today 10. I need to check. Yesterday it was almost 10.

Maybe today 10. I need to check. Yesterday it was almost 10.

Maybe today 10. I need to check. Yesterday it was almost 10.

But that's kind of it. We will have them because this business model is growing. And you may just check numbers of Apple, and you may see that Apple got from consumer subscription in 2017 $5 billion. And it's projected that we'll get maybe $100 billion or so next year. The model is growing. And because the model is growing, then we'll have huge companies.

But that's kind of it. We will have them because this business model is growing. And you may just check numbers of Apple, and you may see that Apple got from consumer subscription in 2017 $5 billion. And it's projected that we'll get maybe $100 billion or so next year. The model is growing. And because the model is growing, then we'll have huge companies.

But that's kind of it. We will have them because this business model is growing. And you may just check numbers of Apple, and you may see that Apple got from consumer subscription in 2017 $5 billion. And it's projected that we'll get maybe $100 billion or so next year. The model is growing. And because the model is growing, then we'll have huge companies.

We have one. Maybe I may share because he joked in Twitter, we have an early stage investor, Nikita Beer. Very nice product.

We have one. Maybe I may share because he joked in Twitter, we have an early stage investor, Nikita Beer. Very nice product.

We have one. Maybe I may share because he joked in Twitter, we have an early stage investor, Nikita Beer. Very nice product.

Yeah, like a small investor, but he invested early. He joked recently that the single role of an investor is that he outrages the entrepreneur, and then the entrepreneur has the full energy to prove to the investor that he's wrong. Of course, it's a joke, but it's partly true. But I would say that a good investor may create a ton of value by proper work in the board.

Yeah, like a small investor, but he invested early. He joked recently that the single role of an investor is that he outrages the entrepreneur, and then the entrepreneur has the full energy to prove to the investor that he's wrong. Of course, it's a joke, but it's partly true. But I would say that a good investor may create a ton of value by proper work in the board.