Jason Friedberg

And to your point, the fear, uncertainty, doubt, you can create if you're a Michael Burry, if you did the big short and you shorted the housing crisis correctly.

Now, that took two years for him to be correct.

So these things are painful to execute on in his defense.

I guess the other short we should take a look at is the Palantir one, because Palantir is, man, it's way out there.

Alex Karp has been doing some great interviews.

He's a national treasure, incredibly entertaining.

They obviously have a great business.

They're on a $3.5 billion run rate, according to their last quarter.

But the valuation is $480 billion.

This puts them at 137 times their sales.

It is extraordinary.

It's way out there.

Datadog and Snowflake,

Microsoft, you know, these are at 13 times their sales.

And I guess Cloudflare is out there at 37 and CrowdStrike at 30.

So this is truly an outlier, Friedberg.

If you were to give Palantir the same price to sales ratio as some of those highly valued ones, probably be a $60, $70 billion company, $29 a share instead of $170.

So...

What do you think of his Palantir short, Friedberg?

And I think no idea looking at like 30 to 45% year over year growth Shema and saying, yeah, it's got a lot of it to fill in that valuation, we just take a lot of growth, maybe the growth accelerates.