Lou Whiteman

And for the most part, with exceptions, Wall Street pays for growth, right?

So, I think growth does matter.

Rachel mentioned, they're trying to get better in the stores.

Part of that is higher wages.

Part of that is trying to kind of, I joke, but 20% of the world's global warming emissions come from Starbucks drive-thrus, it feels like.

I mean, you get stuck in a Starbucks drive-thru for 30 minutes at times.

Right.

Oh, yeah, yeah, yeah.

No, I mean, you are just stuck there.

So, they do need to invest in all these problems.

But again, just as an investor, I'm looking at margin growth, I'm looking at revenue growth, I'm looking at just the things you look for in a growth investment.

I don't think they're ready to be just a stodgy old bank stock or something.

I don't know what role it plays in a portfolio.

I know what role it plays in my consumer life when I really want coffee.

But that isn't a big enough hurdle.

That isn't the hurdle I'm looking at as an investor.

Charles, I just want to say, I want to push back at the premise here and comparing it to Tesla.

Look, yes, they're beating Tesla.

But they are losing to the S&P 500 over every period I can look at since the IPO.

One of the things that has really plagued Detroit over the years is this obsession with Tesla versus the obsession of just running a good business.