Harry Stebbings

They are definitely in the burn the boats because you're stuck in Persia, because you've got to figure this out.

They are definitely in the burn the boats because you're stuck in Persia, because you've got to figure this out.

Agreed.

Agreed.

But if you step back on that, the two of you, what Ev outlined was your pros and cons of a business.

But if you step back on that, the two of you, what Ev outlined was your pros and cons of a business.

And he didn't mention the stock price once.

And he didn't mention the stock price once.

He basically said, these are good things to have, these are bad things to have.

He basically said, these are good things to have, these are bad things to have.

And then what happens is the stock market is basically taking all that and saying, okay, you've got six good things and only two bad things.

And then what happens is the stock market is basically taking all that and saying, okay, you've got six good things and only two bad things.

I'm going to give you 10 times.

I'm going to give you 10 times.

And Wix, you've got two good things and six bad things.

And Wix, you've got two good things and six bad things.

I'm going to give you one times.

I'm going to give you one times.

And what it means is at one times versus 10 times, at a shitty enough price, you can be a value investor.

And what it means is at one times versus 10 times, at a shitty enough price, you can be a value investor.