Mark Mahaney

So, Ed, I like the way you set it up. I'll tell you what I'm trying to do is be greedy. I want to find a situation where I can find a stock that gives me premium earnings growth, you know, 20% to 20% to 30% earnings growth. That's hard to find. I want to find that and a multiple that can go higher, that can re-rate. I call that kind of a double-barreled approach to making money.

You make the most money when the multiple goes up and the earnings growth is premium. Both and, yeah.

You make the most money when the multiple goes up and the earnings growth is premium. Both and, yeah.

You make the most money when the multiple goes up and the earnings growth is premium. Both and, yeah.

love it and actually i think uber is there now i just my comment was referring to most of the other companies you know netflix at 35 times earnings i just don't think it re-rates much higher than that i mean maybe it goes to 37 or something like that but there's not a there's not a huge swing up in the multiple uh same thing with spotify 35 40 times earnings i like the businesses but they're gonna the stocks will go 20 higher because their earnings growth is 20 higher but i give you uber

love it and actually i think uber is there now i just my comment was referring to most of the other companies you know netflix at 35 times earnings i just don't think it re-rates much higher than that i mean maybe it goes to 37 or something like that but there's not a there's not a huge swing up in the multiple uh same thing with spotify 35 40 times earnings i like the businesses but they're gonna the stocks will go 20 higher because their earnings growth is 20 higher but i give you uber

love it and actually i think uber is there now i just my comment was referring to most of the other companies you know netflix at 35 times earnings i just don't think it re-rates much higher than that i mean maybe it goes to 37 or something like that but there's not a there's not a huge swing up in the multiple uh same thing with spotify 35 40 times earnings i like the businesses but they're gonna the stocks will go 20 higher because their earnings growth is 20 higher but i give you uber

where I think the earnings growth could be 20 to 30%. And I think the multiple could go up you know, multiple turns from here. Like it's trading at 15 times cashflow. This thing could go to 20, 25 times cashflow. You compound those and that's a lot of stock upside. So that's what I really love to see. And that's why I love these dislocated high quality companies.

where I think the earnings growth could be 20 to 30%. And I think the multiple could go up you know, multiple turns from here. Like it's trading at 15 times cashflow. This thing could go to 20, 25 times cashflow. You compound those and that's a lot of stock upside. So that's what I really love to see. And that's why I love these dislocated high quality companies.

where I think the earnings growth could be 20 to 30%. And I think the multiple could go up you know, multiple turns from here. Like it's trading at 15 times cashflow. This thing could go to 20, 25 times cashflow. You compound those and that's a lot of stock upside. So that's what I really love to see. And that's why I love these dislocated high quality companies.

High quality companies give you premium earnings growth, but they all sell off at some point or another. Just be patient. And when they sell off, then you can get the earnings growth. Plus you can get a little bit of multiple re-rating and boom, that's your, you know, big upside. Hey, I made plenty of stock mistakes, but that's what I look for. And that's my approach to picking stocks.

High quality companies give you premium earnings growth, but they all sell off at some point or another. Just be patient. And when they sell off, then you can get the earnings growth. Plus you can get a little bit of multiple re-rating and boom, that's your, you know, big upside. Hey, I made plenty of stock mistakes, but that's what I look for. And that's my approach to picking stocks.

High quality companies give you premium earnings growth, but they all sell off at some point or another. Just be patient. And when they sell off, then you can get the earnings growth. Plus you can get a little bit of multiple re-rating and boom, that's your, you know, big upside. Hey, I made plenty of stock mistakes, but that's what I look for. And that's my approach to picking stocks.

tell us about netflix and specifically what is going so right at netflix what is the market so excited about that to your point they don't seem to be that excited about when we look at all these other internet companies well spotify netflix both share something this year uh which is you know in a in an environment where there are rising recessionary risks like what's recession there's nothing recessionary proof but what's recession resilient

tell us about netflix and specifically what is going so right at netflix what is the market so excited about that to your point they don't seem to be that excited about when we look at all these other internet companies well spotify netflix both share something this year uh which is you know in a in an environment where there are rising recessionary risks like what's recession there's nothing recessionary proof but what's recession resilient

tell us about netflix and specifically what is going so right at netflix what is the market so excited about that to your point they don't seem to be that excited about when we look at all these other internet companies well spotify netflix both share something this year uh which is you know in a in an environment where there are rising recessionary risks like what's recession there's nothing recessionary proof but what's recession resilient

What's recessionary resilient? And arguably Spotify and Netflix are. Spotify, $7.99 for a month's worth of access to the biggest content entertainment collection out there on the planet. That sounds like a great deal to me. And I think it sounds like a great deal to most everybody. And the business has been pressured. It's been tested through economic cycles. So

What's recessionary resilient? And arguably Spotify and Netflix are. Spotify, $7.99 for a month's worth of access to the biggest content entertainment collection out there on the planet. That sounds like a great deal to me. And I think it sounds like a great deal to most everybody. And the business has been pressured. It's been tested through economic cycles. So

What's recessionary resilient? And arguably Spotify and Netflix are. Spotify, $7.99 for a month's worth of access to the biggest content entertainment collection out there on the planet. That sounds like a great deal to me. And I think it sounds like a great deal to most everybody. And the business has been pressured. It's been tested through economic cycles. So

I just think that they're recessionary resistant. And then there's something else that's happening. Industry's gone through consolidation. 2018 and 19 were everybody was entering into the streaming wars. And then we peaked when Disney's fired its CEO for running up streaming losses too high. And ever since then, we've had nothing but consolidation.