Why I'm NOT Buying Palantir
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- čas přidán 12. 09. 2024
- Cathie Wood just purchased over 5 million shares of Palantir. I'm not following her into this buy, and I explain why.
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I had to leave the patreon Joe, but i'll be back! Very awesome, educated, place to be :)
Rip to the 30+ minute videos that I listened to when I was driving to work 😭
Pltr could be just a scam.
I have stock in Palantir, I dont know the knucks and crannies, it's confidential goverment contracts. you have to get the Jist of it all. you're conservative, young and extremely smart and wise. I'll listen to what you bring to the table.. great info.
"does google ever come knocking on your door advertising say youtube? "
CZcams everyday: WOULD YOU LIKE TO TRY TWO WEEKS OF FREE CZcams TV!!!!!!!
Thank you! Try buying any goodie home product. You’ll get those advertisements to no end!
Lolololo!!! Very true
...they market on their own platform...so, unfilled add space, they use it... How much expense and effort is there for YT?
True, but N/A ( :
Idk man. I'd rather own a vital government contracted tech company over a Texas Roadhouse restaurant.
Fax
Texas Roadhouse is in the Passive Income account as my investing thesis on that is that it's a growing dividend payer. It wouldn't really fit in the Story Fund.
@@JosephCarlsonAfterHours Choosing a value to trap over growth, to each their own
Faxs 😂😂!
@@JosephCarlsonAfterHours if thats the case why not get Verizon, att or Walgreens at a cheaper share price and better dividend than 30 cents 🤦🏽♂️
PLTR owner here, up to 20%. Also commenting for the youtube algo.
Gotta wait for an all time high for Joseph to buy in.
Say that again :)
Lol exactly dumb investors do this.
Your investment thesis is good, but I do think your argument about PLTR’s TAM is flawed, not counting China/DPRK. The best companies always start with niche markets, captures nearly all of it and expands from there. Facebook started with the Harvard campus, PayPal started with the eBay power-sellers and Tesla started with silly roadsters only multimillionaires could afford. Palantir began their path with the Military/Government, but it doesn’t mean they’ll stay within that niche. They’re at the beginning of their exponential growth curve. Look at just a small subset of private industries benefiting from Palantir’s software: automotive, pharma, aeronautics, petroleum, minerals and honestly my biggest surprise - legal. The fact that Akin Gump (one of the largest law firms in the world) signed a contract really broadened my perspective. If they can capture the top tier players in every industry, it’s just a matter of time until it trickles down to the masses.
Agree, plus starting out with the most ambitious companies in different sectors as customers is a great process for accumulating knowledge and experience and a very good future quality stamp. When it does trickle down it will then be a superefficient and wellrounded product with significantly higher scalability and lower margins as the product will be more mature and require less need for customization. I think the company is going from being a software solution specialist to more of a software vendor of it's own products.
@Berty Squirt I thought the same thing!
The CEO has clarified that they will refuse to do business in China due to political tension. But i think this actually works in favour to them as their business relations with the govt will be strong
Kinda lost me when he was saying that it’s a negative that they have so many fortune 50 companies and governments that’s a massive positive for any business so why he trying to pretend it’s a negative
PLTR's Gotham directly helped catch Osama and you don't see a story? Have you read Zero to One by the cofounder? What world are you living in?
more like PLTR is a cover up so osama and his friends target pltr instead.
I actually say in the video the exact opposite of what you're saying. 2:09 "I look for companies that have a story, which I think Palantir does have a good story..."
My concern is not that Palantir doesn't have a story. It's that the product has a limited total addressable market and a long sales cycle that takes a lot of upfront effort to get clients onboard. It's a 17 year old company with around 200 clients. Salesforce for example has over 150,000 customers for comparison. Like I have said many times - I'm not bearish on Palantir, I think the stock will most likely go up, Cathie is usually right. I'm not disagreeing with anyone for buying the stock I'm just explaining why I don't own it.
If you believe anything about the official OBL death story, you're seriously naïve.
@@JosephCarlsonAfterHours
Yeah, because Palantir started as a company which works almost only with the government, that has nothing to do with limited total addressable market and a long sales cycle.
In fact Palantir has already 9 new deals this year and this aren't little companies.
Btw. they have deals with a law firm, a bank and an energy company, that means every law firm, bank and energy company in the world without china is a potential customer.
And thats just the beginning.
@@neob8366 it is ok for people to disagree. If you want ownership, you don't want to compete with other buyers. I am selling puts and if those contracts expire with no assignment i will use premium to buy shares. That said, this company gave up at least ten cents of eps in stock compensation for employees.
I think a lot of Palantir investors see this as a way to invest directly in Artificial Intelligence and commercial level data harvesting software. The other companies that leas this field are companies with many other components to their business (Amazon, Microsoft, Google). I like Palantir because it feels like a pure play in a sector of the economy that I think will grow rapidly over the next 10-20 years.
Spot on, PLTR is literally my AI play in my portfolio. I hold no other AI companies because I haven't found any others with as much conviction as in PLTR (I do consider TSLA an AI play, but not a pure one). To Joseph's point, it's a complex company. There is nothing simple about AI.
@@r2_rho There are so many great AI players, such as Google, Amazon, Msft, Facebook. These company hired the best AI researchers and engineers in the world. In bigdata and AI world, PLTR is not a big player.
@@qingsongyao4974
Funny thing, Palantir is a partner of Amazon AWS, because Amazon needs Palantir for AI. ;)
Even IBM has signed a new deal with Palantir.
There are rumours about a Facebook Palantir deal as well.
@@neob8366 Amazon doesn't need PLTR for AI, Amazon is partnering with PLTR to make it easy for PLTR to deploy their software on AWS mainly because a lot of PLTR future customers might be AWS users.
@@Machine_Learner
No it's the opposite, AWS customers use in the future Palantir software as third party software.
Bro! You’re the first stock analyst I’ve heard say he doesn’t understand what Palantir does. That’s the EXACT reason I haven’t invested in PLTR yet. And I was also concerned that their addressable market was limited because they rely on government contracts. Auto sub
Every other stock analyst just pretends to understand what pltr does. Am AI expert and I find their pitch highly deceptive
@@Machine_Learner The press would have you believe it's about AI. One can do AI on Palantir's platforms, but it is much less about AI and more about providing large, complex businesses with a platform that allows for continuous process improvements and building integrated solutions for complex business problems. You may have found it deceptive because your focus was on the AI, but that's not the real value of their platforms, or at least their Foundry platform. It's about improving the efficiencies of a business using data, and being able to see data across business silos and gain business insights from that new perspective that are nearly impossible to do in a timely fashion without the platform.
@@analyst42
.
This seems like a worthwhile idea to pursue, but that doesn't prove that it generally applies well to specific situations.
@@red-baitingswine8816 I don't understand your comment. What do you mean by using both "generally" and "specific" in the same sentence regarding the same concern? Pick one or the other and make your argument using it, but don't mix the two as part of your argument; to do so doesn't make sense. How can one generally apply a solution to a specific sutuation? You can take a specific situation and the solution to it and potentially apply the lessons learned therein to a broader set of problems, but that doesn't work in the reverse. Having said that, there are plenty of specific examples that Palantir has provided out there in public. Go find them, read about them, and then see if your (revised) question is still relevant.
@@analyst42
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My statement was meant approximately in the sense of "applies widely (enough) to actual businesses".
.
I suspect there exist businesses that, as you say, do benefit greatly from Palantir.
I really looked forward to this video because I did want to see some negative aspects to investing in this business... You did not outline anything that I was not already aware of, however. I think the idea that this is too complicated of a business 'so therefore I will not invest' is a bit shortsighted. Investing in big business such as Amazon, Google, Etc is not as simple as it may appear on the surface when it comes to understanding. I think also that investing is about the future, and the idea that palantir will not be able to serve a product to smaller businesses in the future.. is just not plausible. Honestly, I think the risk-reward potential here It's massive. great video! Keep them coming.... cheers!
Absolutely agreed. There's a lot to be gained when You're among the first investors who understand what the company is about before "normies" finally catch on thanks to "dumbed down" marketing and mass media.
Google, Amazon, and etc are just too ‘ripe’ already. You know what I mean.
If he doesn't have a clear understanding of how Palantir could succeed, imo he shouldn't invest or recommend. If you understand specifically how Palantir could grow, then you should explain and advocate.
Joseph's point regarding complexity is justified in my opinion. There are alot of good genetic companies but if you don't know anything about the industry, its complicated for you. He's not saying its not a good company, it just doesn't fit into his requirements.
That Cathie or other investors with a good track record bought it can NEVER be the most important reason to buy a stock. At the most it can alert you to an idea for a stock to invest in. Then you should analyze the company which should result in reasons to buy/not to buy a stock.
PLTR FOR THE LONG! 🚀
I can see why this comment got so many likes.... it's so intelligent and on point.
I'm sure many doubters will be happy to load up on PLTR once they see this.
Honestly I believe so.
@@shayjohnson5830 too late for me, I got @ $32. I’m down 46k total, but It’s all good. For the long!
@O Kejverski sure I’m going to continue holding, PLTR it’s going to buy me a home. 😄
@@shayjohnson5830 should be reaching the bottom now from the looks of the chart and there is a catalyst coming, the next event in about 3 weeks don't remember the exact date.
Here are my main reason to start investing in PLTR:
. Peter Thiel - this guy can't be wrong
. Cathie Woods - this lady is on fire
. SaaS - working in the industry for the past 5 years. This is already big and still growing a lot
I’ll just say this. Bitcoin was confusing as heck when it came out.
You the man
One of the biggest pros to Palantir is it is led by Peter Thiel. In his book Zero to One, he talks about his mindset when building a company and explains why some of the cons to investing are not as glaring as you'd originally suspect. For example, he talks about how he likes to go after customers who have money to spend, which explains why he goes after large-cap companies and government contracts. Once this aspect of the business is established, Palantir will evolve. I encourage you to read his book and get in below thirty if you feel it's appropriate.
Its own software can show Palantir the most efficient way to grow. Data analysis is very powerful.
puh-lease
I think it's great that you have an investment strategy/thesis that you adhere to Joseph...it'll serve you well I'm sure
13:40 you wrong about youtube and google in general, they do have a sales team and they do outreach. They don't outreach to you or me, that's kind of obvious, we are not the "client" the client is whoever they selling the ads to, Advertisers. And that applies to the other revenue generates products, like Adsense Network, Google Cloud, Google Apps, etc...
Very true!
Just strange how you feel about pltr but In on a company with a bike and iPad
What's strange about it?
Do you think a company with a bike and a tablet is a difficult model to understand?
That was his point, was it not?
@@antonystringfellow5152 😂 😂 😂 can't talk to stupid ppl sorry
You haven't done your research on PLTR. I like your level-headed approach though, you will miss out on the tendies on this one. Best of luck
This video very much seemed like (or should be re-titled) "Guys, I'm not buying PLTR because I don't get it, please explain it to me."
xD
So explain PLTR to us? You don’t understand it either. You just bought be used of the hype. If you bought below $15 then you are lucky and if you bought over $30 (which is most retail investors) then you are just sheep and got burnt.
@@kingzion3032 180 day chart shows me most shares by volume were bought at $26.15 (Point of control.) Watch the Demo they have on the website, any words you don't understand google them... if you don't get it, you have to do the research yourself. My friend works in a similar industry hence he explained the demo to me and he said this kind of software puts them into a sector of its own almost which is why it's "hard" to understand exactly to a T for new investors. I personally did buy at $28, but averaged down when it went below $21 and now my average is $24.87 with over 2,000 shares. We'll see if it works out or not... I might just trade the ranges to be honest, and once I'm up 5%-10% overall I'll just leave the shares until it hits $40 or so I'll sell some to have trading capital and leave the rest longterm.
@@TheAbrahamHD good breakdown. And you seem to agree with me so happy days. $40/share is possible for sure only problem is retail investor think it will be $40 by next week. It will probably trade between $20 and $40 for over a year
@@kingzion3032 yeah I don't expect it to go as high as most people predict this year, they still have to prove their consistency as far as growth goes through their following earnings. I think the next 3-4 will be the most impactful as far as price action goes... if their growth doesn't slow down from their projections we could see $50-$100 EOY (Again, assuming they beat all earnings) the skepticism lies in the fact that their growth was heavily impacted by covid and the markets don't really think they'll beat ER hence its bottoming at $20-ish imo, strong support lies $18.50s but doubt it'll hit that unless the markets turn even worse (lower lows pointing towards a similar decline we had in September.) Other than that I do think we'll test $40 once the markets start going towards new highs. For now it's just a sit and wait kind of stock unless you know how to day trade.
Hey Joseph. Glad to See someone has a neutral case for PLTR. I own the stock I like it but it’s good to hear all the pros and cons. Keep it up
Cons are weak, PLTR $75 by 2022
That's an intelligent argument.
Pros and Cons are weak, PLTR $2000 by 2022
I have PLTR in my portfolio but prior I hesitated and held from buying for a while so I can relate. Your detailed explanation is respectable, it leads me to understand that you carve your own path.
Hi Joseph. Enjoyed this video. What software do you use to manage your portfolio? Thanks A.
Hello! He is using M1 finance.
The more risky the more money :) I have 100% portfolio in PLTR but I also have a pre-ipo that I'm in!
When are you gonna post "Why I'm buying Palantir"?
When it's overbought and at all time high hell chase it with other novice.
September 2020.. Joseph will make a video on how he's changed his thesis on Palantir .. Palantir would be well above $40 at that time
Check
Palantir will be the microsoft/Adobe of data optimisation specially on the pharmaceutical sector
on your point about sales people. palantir has been selling by word of mouth for 18 years, only very recently investing in a salesforce and even more recently with their partnership with IBM have access to a very large salesforce.
Joseph, regarding the TAM con, do you think their foray into start ups via foundry for builders changes the equation?
Palantir can and will move into mid sized businesses. They are working towards this. IBM already becoming a PLTR reseller.
What I thought was interesting about it is that they apparently have the CIA software to be able to search all their databases for one query instead of having to query all databases individually.
I though that was incredibly valuable.
Dude ! you are tapping into my Cortex. So great to have a reasonable opposition. Love your prospective rather I agree or not. You bring so much to the table. Glad I found you !
You have the same reservations as me but I still bought PLTR just in case its an Amazon in the making
If you want a real Amazon in the making check out NVTA.
I believe Palantir compares with Caci Internatinal, Ticker Symbol CACI phenomenal company in which Palantir mirrors. There's a lot more to Palantir, areas we tend to overlook
Pltr is my third biggest position. Adding every month that it’s under 20 and feel the world will rely on it in future 💪
In general, most of the B2B companies are not as easy to understand as, for example Netflix. Salesforce is one of the most complex businesses out there. Same with Microsoft and others. Also PLTRs TAM is much wider than governments. This company is super innovative and currently is selling to governments and huge enterprises , but I believe smaller companies will be addressed as well.
Tesla’s first vehicle, Roadster, costed about $110K. That’s the TAM for that car? Today many people can afford themselves to buy Model 3. You buy PLTR for disruptive innovation, not for the addressable market.
any changes on your sentiment towards investing in pltr?
good point. I am long on PLTR. I work with data in supply chain management and I know how palantir's software could solve the innate problem in the industry - mostly getting rid of inefficiency due to scattered information. So it was no brainer for me. Also I believe it's hard to do a fair valuation of pltr using the traditional method. It's a new company for a new era. At least that's what I believe. Thanks for your input.
If you do not understand Palantir, it is good you do not invest in it.
I agree with all your arguments. I took some time and looked deeper into their products' technical details. The product requires a lot of customization for each customer, that is why the cost per customer is very high and they only have very few customers. The complexity of their software and the cost of customization is so large it is unlikely they can scale out to even mid-size companies. I am a big data and AI scientist, yet I could not figure out what their specialty is -- not because I could not understand, but because they say almost nothing about it. Very bad sign.
idk I don't think palantir is that confusing. watch their demo day and interview with Alex karp or interviews with Joe Lonsdale.
I wasn't bullish on PLTR, but when it dropped to ~$20 I started a small position. It's also not something I use much, but my friend is a DoD contractor doing data analytics and he swears by it. He told me about it and showed me forums to help me understand that the people who use it like it over much of their competition.
Thank for the content!
I know your portfolio is hurtiiiiing right now lol
Lol
Has to be like 15% down. Its basically an arkk etf
lmaoooooooooo right
The bigger question is. Will PLTR make you more money over the long term?
You know its a good company but you dont want it, cuz it doesn't match your current portfolio strategies? Why limit your potential growth?
I’m bullish on PLTR but appreciate your insight. Well presented
PLTR literally hits every single point of your except that it may not be simple to understand. The point is to dominate a niche market (monopolize it) and then expand into related markets eventually monopolizing them like how FAANG has in the advertising space. PLTR will definitely bring on AI to consumers and small businesses. It is a significant level up with no competitors that can even come close to it.
I don't know if you'll likely read this comment as its days after you posted the video... you are 100% correct about PLTR's complexity, unless someone actually uses their software there's no real way of knowing how their "Blackbox" works and they will never share that information publicly as this is exactly what their edge is. However, i do believe you're grossly incorrect about their TAM. their TAM is tied to "what their software solves for clients" and that's DATA which you already said is a Pro. PLTR's total addressable market is growing rapidly, eventually the company will move down market to smaller businesses but even without this shift in the future the TAM will increase. Their customers do recommend them and their need for a sales team is exactly the same as CRWD.
Unfortunately, the comment section is probably not the best place to share significant details. the most important thing I respect is that you've outlined your investment thesis and sticking to it. you should not invest in any company that doesn't meet your requirements, I follow your content very frequently and you are adding very deep value. i hope your viewers learn from your process, great content.
Bought palantir yesterday and today as well. Long palantir But I like seeing all perspectives of a company and investment not just the bull side.
Great video Joseph! I have 40 shares PLTR at $28. Won’t be adding anymore to my position, but will definitely hold for the long term.
I appreciate your insight here Joseph. Other investors who've dug deep into the research of Palantir, such as Tom Nash, have said Palantir's TAM will be "the next Microsoft". Now when I listen closely to your investing philosophy, you are saying that Palantir is basically too niche of a company that won't scale anywhere near Microsoft... unless of course space data/software becomes relevant for humans in their life, which it won't.
Thanks for the video Joseph! May I ask a question? If you still had your Roth IRA, would you still be investing in only VNQ, VYM, and SPHD? Or would you add/remove stocks to your IRA?
Yes, I think those are all good ETF's. You could do SCHD instead of SPHD (I think it holds higher quality companies).
@@JosephCarlsonAfterHours awesome, I'll take the advice. Thanks man!
I own two shared of PLTR which is like 2% of my portfolio. I think it is a strong company with a bright future. I primarily bought it because I read Zero to One about 3 years ago, but I do think SalesForce is the stronger bet. PLTR's business model is a bit opaque, but it appears to be a combination of a data analytics dashboard with consultant-engineers which go in and design new features on behalf of the consumers. The consumers get a custom feature set and everyone else benefits from the things PLTR learns from its consulting and implements into the generalized products. PLTR is following a growth pattern that reminds me of Amazon and Tesla. They are operating at a deficit, but their revenues are growing rapidly. They are investing heavily into research and development, and they've intelligently designed their business model in a way that their daily operations (consultancy, software engineering, and artificial intelligence) are effectively research and development. Most of their costs are assigned to obtaining new customers and servicing those customers. Servicing the customers has a feedback loop of teaching them how to better their products and thus being able to service more customers. In this way, it is highly similar to Amazon's entire business model, and particularly AWS. Their CEO aims to be a part of almost all fortune 500 companies, and aims to have their products work within all cloud providers, etc.
Salesforce's product is highly similar. They offer data analytics tools and customer interfacing tools, among other products. Microsoft is also rolling out a similar product in a collaboration with Adobe and C3 ai. This market is going to be competitive, with niches forming and companies trying to cut into each others' market shares. All of these products, with more to come, such as FaceBook's recent acquisition of a CRM management platform, might not be as successful as each other, but it is a sign that there is an increasing demand for CRM products. CRM products are in their essence a platform that consolidates data intelligently and allows users to interact with others more effectively. In an increasingly digital economy with a consumerist growth engine and America's "the customer is always right" ethos, CRM platforms are a bet on a technology that combines a new capabilities to synthesize data with a traditional need to communicate effectively and satisfy customers. In the CRM space, PLTR is embedded in government and SalesForce is popular in the consumer world. I think both have a strong future.
You are smarter and correct. CRM is much better than PLTR since PLTR will be harder to be scale in customer world.
Palantir can mimic CRM software, but it can do so much more than that. It really doesn't compete with Salesforce because Salesforce can't do most of what Palantir can do.
@@qingsongyao4974 Palantir is the more general solution to the data problems of organizations. Ultimately it will scale a lot better than Salesforce, which is why it's so exciting.
Peter Thiel has to be a pro?!? He’s a winner!
Excited for this video. Leaving a comment for the algorithm early.
Great idea.
Just finished watching the video - well done Joseph. Funny enough, you brought up similar points to a video I released a few minutes ago as well. The biggest drawbacks for me is that this is an enterprise company (naturally limited TAM) and the valuation, I can't make sense of it for this name. Not to mention the complexity of this business - wrapping my head around an investment in SPLK was challenging, and PLTR takes that to another level. I agree with you that most don't understand this company, and tend to follow Ark invest on this name. Also being a highly volatile stock surely helps this being in the spotlight for retail investors!
Awesome
Thanks Joseph. My thoughts,. For me , CW buying it is not the the biggest pro of PLTR, she’s good, no doubt, but her returns are only short term. Let’s see how she does in 20 years, then let me know. I agree though, PLTR is not easy to understand for lay persons. (Like me!)
I think there’s a chance it’s one of those unique companies that’s hard to pin down, which could be a pro or a con depending on how you see it.
However, I don’t think you can say the TAM is a con if you don’t understand the company. When AMZN was a little online book store, I wonder what people thought the TAM was then? I think you could have mentioned how their software improves efficiency and improves the way companies interact with data. The demo day really helped me to understand what the software actually does. I think the TAM is much bigger than you assume. They have a wide variety of contracts, from the army, to the NHS. They also just secured a large contract with Rio Tinto, a mining company. They have grown revenue 47% y/y. It’s still early and the stock is extremely volatile, and high risk but let’s see where we are a year from now. I have a small position. GLTA.
Data mining and analytics. Simple as. Will also become word of mouth from company to company telling each other how awesome Palantir is . Recurring revenue from company contracts which get larger and larger each contract. It’s a no brainer. Data is the next “oil”. Anyways. Wait till it gets to $100 when you satisfied and decide to jump in.
You are repeating the same fancy things which IT people said 10 years ago and the outcome is talking is cheap, doing is hard,. Search Hadoop, you will see the same topic, and what is Hadoop now?
It's not really that difficult to understand. In fact, I'm going to make a prediction. PLTR could possibly overshadow every other data company including splunk, salesforce etc. Right now we are seeing multiple data analytics companies... But I have a sneaking feeling based on the demos etc, that PLTR is a generation or two ahead of its competition and that people don't yet understand how broadly applicable it's product is. There very well may be a day when even the regular person can leverage such tools in their life to live better.
Your prediction will be failed. Computer and IT industry does not work as this way. AI is just a fancy words, PLTR will be similar to Hadoop which no one want to mention it anymore.
@@qingsongyao4974 alright sir its a bet! :) Keep your eyes on their contracts and what they are able to do for their clients. if you want to know what an AI is capable of, yoy have to see what thr results are. If you take dead people to a doctor and they come out alive.. even if you dont know what the doctor is doing, you know its a miracle.
Look at their Apollo system - they're moving towards modular software which takes hours rather than months to deploy. Unusual management, founders still in place, and very expensive software which seems very sticky and customers renew. Though I should say my average cost is a lot lower than the current price, which seems high.
It's a complex company, but I have been selling cash secured puts on it 😁
Alex Karp seems to be pretty excited about laying the ground floor with mid size companies
5:40 If someone wants to exposure to all the companies Cathie Wood buys, they can’t control her position size or when their traders buy/sell, if they just buy the fund (this may or may not be a good thing). There’s also counter party risk if Cathie Wood’s actively managed funds blows up.
Hi Joseph, thanks for the video. Have your views changed today?
Palantir doesn’t have a sales team.
They have partnerships with AWS, IBM, and sompo in Japan. Will dominated SMB.
“Tell me you don’t know what organic growth means, without telling me you don’t know what it means”
I think Cathie Wood is overrated for the time being. The people who are anointing her as our generation’s Buffett are the same people who crowed Mahomes as the GOAT after his first Super Bowl. Ark made a shit ton of money in 2020, mostly off the back of Tesla- and I’d like to see another ten YEARS of returns before saying she’s the next Buffett.
It's weird he's comparing B2C companies with B2B company and there are customer acquisition costs even for his examples.
2.50 You discription perfectly described pltr
smart choice later will be a good buy, but not now
Me: "Joseph, how old are you?"
Joseph: "Idk, somewhere between 13 and 45"
Me: "What?"
Joseph: "Why I'm NOT buying Palantir."
I think you are is 100% correct and it is wise to not buy PLTR because it is so hard to understand the business and market size.
This is a great video with very intelligent DD!
your point about TAM was great. Do you see the TAM changing significantly with the new AWS and IBM partnerships?
Hello Joseph, have you changed your mind on PLTR. It seems to be in a fire sale right now.
Sometime later this year, I fully expect Joseph to make a video on how he's changed his thesis on Palantir .. Palantir would be well above $40 at that time.. Palantir's current price: $24
You can hold to me this.
Im still waiting for that 40 bro..
Never hit 40. Dipped below 12 last week.
Don’t know if you have looked at this company yet, but I’ve been DCA into SWCH lately and it takes a little but to understand the business, but it uses 100% green energy and excels in data storage
I’ve put into PLTR the same 1k amount that I did on gamestop, basically play money, if it tanks it tanks, if it moons unsustainably I’ll likely sell to fund more buys of my favorite holdings. I do like the CEO’s long term vision, how he says he doesn’t care about their quarterly numbers looking bad in the eyes of short term investors as long as they spend in the benefit of the company 5+ years from now. For a guy who looks like a stereotypical mad scientist his head seems to be in the right place. I don’t plan to hold it for a long time but maybe I’ll change my mind. Thank you for coming to my TED talk lol
This is no gamestop, it won't moon but it will go up over time.
What platform do you use to view your portfolio with icons like that?
Started my Palantir position two weeks ago before the Q4 earnings, and I will continue to add this this position. I think this is a company that will be relevant for the next decade and just uploaded a CZcams video on my take on why I am adding Palantir stocks.
What about CRM? They also have a complex business model, and in a way, they compete with Palantir
Not sure why B2B is a bad thing? Sure it isn't a company everyone knows but the growth is potentially much higher than consumer facing businesses; it just comes in chunks with contract announcements instead of a steady trickle of new consumer subscribers or steadily increasing sales.
100
Shares of Palantir and growing.
Same bro
you selling covered calls on it?
yes yes buy buy
1300 and growing.
214
I don’t touch FAANG stocks at all but you do. Tesla you buy @$550-$600 only. Some very better stocks you didn’t even buy. Cathie knows a lot more stocks better than you do. W Buffet is too old who lives in his old world.
Thanks for the video, it's good you actually give your opinion and do not cater to possible hate you would get (as seen by some dislikes :/ ) Good video ! :)
this aged well
99% of those investing in Palatir have no idea what it is they do, and are just blindly following the blind. GL regardless.
I've actually got a pretty good idea what they do. It's not as complex a business model as Visa or Mastercard.
I dis agree with ur cons bro, I am a Data engineer, having PLTR will help all the companies trims billions of their data science budget by subscription to this software, simple as that what’s so complex in that..
PLTR will have network effects example they are helping airbus , looking at the PLTR and airbus success story it doesn’t make sense for Boeing to look at any other things rather than going with PLTR
Interesting comments. Thank you for sharing.
Response to Cons
1. Agree its complicated, is that a bad thing? I don't think so
2. Maybe. But they are the only company that dares to get involved in controversial work. In that case they have 100% of a limited TAM.
3. That's true.
They don't need as many people as Spotify model business because the contract that they manage to get brings massive amounts of revenue. The most important aspect is how much value they tend to generate to these companies, once a company enters into their system they rely upon Palantir software, and some companies have been increasing investment. mid-size companies are yet to benefit from data as much as they could, but this is a matter of time until they evolve and Palantir will be there with open arms to welcome them.
"Palantir is not easy to understand, it's complex and a black box". I dare you explain all the business aspects of Google.
they sell ads, that's pretty much it. Everything else is window dressing.
Lolololo!! Very true!!!
He just did. Google is much more easier to understand compared to PLTR imo
@@johnkiin219 people used to say Google is hard to understand too in early 2000
Nice honest explanations. I think you are pointing out an elephant in the room. Please do an update, Cathie sold most of the pltr 2 weeks ago. Thx.
I think your investments are mostly
Your strategy is genius. Just like you! Love it my man. 👍
Saying something is confusing usually just means you didn’t research enough into it. Also, saying cathie wood is buying isn’t a pro or a con. It’s a fact. A pro would be the fact that their potential is limitless. Literally Fortune 500 companies are using palantir’s product, meanwhile they have under 40 total business clients. That means that there are hundreds if not thousands,.. if not tens of thousands of potential clients. In fact, they aren’t profitable, but neither were the other hundreds of billions and trillion dollar companies at one point or another. Shopify, Tesla, Amazon, Google, Microsoft, Facebook, Apple, and countless others weren’t profitable until they were. Profitability has nothing to do with it, it’s their growth and their balance sheet that’s important to look at. I have a whole detailed analysis on Palantir if you want to check it out. It might help paint a better picture for this company overall. Let me know your thoughts after watching it.
Well put man, I'm invested in them and it took me 1 month to understand the basic concept of what they are trying to do and their valuation. I see it as an easy double your money but problem is when is that timeline.
I disagree with your point about Palantir being confusing and complex. I think it’s a fallacy to assume that an idea is inherently a bad one just because I don’t understand it fully. Tesla, in many ways has been the antithesis to PLTR in its meteoric rise - simply because people saw it as just “another car company”. But what many people failed to see was first, the vision of the founder, and Tesla’s many tentacles into other areas of technology. Tesla isn’t just a ‘car’ company, and we know this.
PLTR, on the other hand, is seen as “MORE” than just a data-analytics company, and I think this is precisely why I’m board just like how I was with TSLA. Understanding the company requires niche knowledge to certain extent, but it is the vision and the conviction of the founders and employees is what buys me in.
Solid point
If I can understand it, I would buy it. But there is too much secrecy behind it. I just don’t really get it. I get the big data but I would really like to see with my own eyes how exactly the softwarr work. In fact if people knew i think the price would go up assuming the product is amazing. But the bottomline is nobody really knows.
@@GG-mr9iz you could say the same thing about Google. (CZcams algorithm, etc.)
@@TheAbrahamHD Well google products are available to consumers online. We all use google searches, translators, and chromebook etc. We don’t need to know the algorithm. Palantir is different. It’s mainly used by government employees. We don’t clear understanding of it. Why can’t everyone just admit that. I get your excitenent of Pltr but wish we can honest and just that admit that people are investing in a company that they really don’t know.
@@GG-mr9iz I don't know all the applications & uses for all sectors, that's true. There's an example of the supply chain I do understand from an interview where they mentioned something along the lines of "X company is ordering business supplies, and the software recognizes there is excess supply so it marks it for other companies within the same industry to see, and they can also utilize that supplier to get good prices because of the excess, hence other companies would profit/benefit from that one company's interaction." How would that translate to the government or very private sectors? I don't know... but once they start getting more clients that aren't as big it's going to become very well known how they benefit from using their software. If you wish to wait for that time to come, then do that. I don't think their product is "secretive," it's just that certain companies work in such a manner that announcing these kinds of things to the public is not only irrelevant but could harm them as well, and only other companies in that sector could benefit off the data without actually violating the privacy of the other companies/competitors.
What’s this platform that you have your portfolio on called?
I agree with all your points. I would even say “it’s data” is not quite correct. They don’t have or bring any data to the customer. They rely I am guessing on the customers database. Take PayPal as the example. Looking at the data using machine learning, markov models etc you can come up with optimizations of your business. If they do provide data then they will just lookup the data available on the web.
Their tech is simply a computer code.
So if there is a pro it should be a data assisted / processing ability. A smart code or smart coders who can tailor make a smart model of your business and data. The digital twin.
It definitely belongs into the data industry.
Not a holder of PLTR but I find it interesting.
I’m coming back coming here in 2025 to laugh at this video.
Have you even watched the video?
@@marcpeerson8847 I did. The logic behind the validation is flawed. He even admits he does not understand the business. The man doesn’t even realize that PLTR will be the google of their industry. The fact that they are trading around 27 after earnings, after the lock up period, and after Peter Thiel sold 50 mil in shares shows the strength of this juggernaut. I know this company very well.
I like pltr alot, but when I see fanatics as you I wonder if I am on the wrong side of the trade
@@aliasalin2 Just so I understand you're gauging fanaticism by my faith and knowledge in the company? The advent of the "internet of things" is already behind us and this jackass thinks Netflix is potentially more profitable than PLTR ? I recommend you stop trading since you live in the past. This guy thinks twitter is a good long term hold. I don't need to elaborate any further.
@@musicvideomaestro1209 its not you, because I don't know you personally, its just a feeling I get.. I ve seen this before, when alot of retailers are very hyped about a stock and it goes really wrong.. I am very long PLTR, I really like and respect what are they doing and I trust the process. But it was just an observation/feeling I noticed ..
Omg you got food delivered to your door step
I need that
Lol 😂
Dont usually comment on videos but I just wanted to thank you Joseph, your videos are awesome and insightful and I watch every single video you put out!