About a year ago I sold about 1/2 of my position on META and, well, today I am regretting it. As for Amazon I still can't tolerate that platform. I usually find the same articles cheaper on other web store, their gimmick method to have you pay for a "commercial" account that does little to nothing, their lamentable non-existent customer service that goes in circle until you abandon is disgusting. There you go I said it! Great video Matt thank you.
VLO will get cut eventually. It was very close to getting cut in March (I talked about it in my newsletter then) but I was making so many other changes and it had been such a good performer that I held on. Basically, VLO doesn't actually fit my strategy. It's a Narrow moat business (although refiners aren't really being built in the US) with pretty much no growth (negative like you say). But it's had a good run in my portfolio and tends to trade in big up and down swings. I would expect me to get out of it (or trim a good amount at least) whenever it's on the upswing again.
Always great welcoming a new Matt video! I must say you sir were wiser than me unloading Starbucks, that little run to the low 80's fooled me, my only solice the moaning and groaning from the nike crowd, misery loves company! 🤣. You've done a couple videos about "buying at the top" and it's paid off nicely for you, for me currently its so hard to "sell at the bottom" must be psychological??
I figured SBUX would trade back down, will be interesting to see if it kind of holds at that level or goes lower. I've sold at bottoms (like with SBUX) and I just decide whether or not I still believe in the company or not and if not I don't care. Not every decision will work. My LULU and MSCI holdings are proof of that at least so far 😂
Google and Amazon both have the scale bud Google has billions of web search users and Amazon is this internet if an app is running on AWS which is likely their are also running their ai and by proxy all their users w that ai on AWS
I'm not talking about scale in terms of compute power. I'm talking about scale in terms of amount of users interacting daily with their AI and the depth of knowledge they have about them. Google - yes, because they have CZcams and they've integrated Gemini into Google search and Docs. However the difference with Google is that they haven't introduced Gemini into CZcams on the consumer side yet, and while Gemini is integrated into Search - their user data will depend on how many other Google tools they use. Amazon has like maybe 350 million users? So we're talking 10x less than Meta in this context. Again, I'm not talking about servers and compute scale, I'm talking about how many daily interactions by different people into their AI models.
I’m not talking about AWS at all, I’m talking about the Amazon marketplace users. People who shop on Amazon. I have no idea how many AWS users are using Amazon AI services or Bedrock. But even then Bedrock is an LLM aggregator to my knowledge so it’s impossible for me to know what value / data Amazon would be getting directly from that. The point I was trying to make was that a huge set of diverse users all around the world are interacting with Meta’s AI every day because they turned it on my default for everyone. It’s not their full 3.24B users yet because it’s only in select countries. But I don’t think any other company has that scale of users hitting their model every day. This is not a negative view on Amazon or Google, obviously since I own them both too (in higher allocation than META). I was simply trying to make a point of the scale of actual users hitting their proprietary model every day.
I always regret not pulling the trigger when meta was tanking just a bit ago. Was watching it the whole way down lol
For sure, in hindsight these things always seem so obvious. For me the most recent drop after earnings was good enough. Business is too strong IMO
@@TheDividendAristocrat I sold LLY at $350 and I sold NVDA before the split. Oh, but I have cash.. I’m an idiot! 😆
Me too. I remember when it hit 90 odd. People were all "rip zuck". And I watched. Then it moonshot
Meta’s WhatsApp is such an important app in different countries. It’s the primary way to communicate
For sure, huge globally
About a year ago I sold about 1/2 of my position on META and, well, today I am regretting it.
As for Amazon I still can't tolerate that platform. I usually find the same articles cheaper on other web store, their gimmick method to have you pay for a "commercial" account that does little to nothing, their lamentable non-existent customer service that goes in circle until you abandon is disgusting. There you go I said it!
Great video Matt thank you.
Your videos are at a different level; awesome production!
Thank you!
Great analysis and video, Matt! 🎉
Thanks!
15:39 😂😂🎉🎉 that’s awesome
Thank you so much
No worries!
Matt, what is your strategy for VLO? Looks like revenue will decrease year by year...
VLO will get cut eventually. It was very close to getting cut in March (I talked about it in my newsletter then) but I was making so many other changes and it had been such a good performer that I held on.
Basically, VLO doesn't actually fit my strategy. It's a Narrow moat business (although refiners aren't really being built in the US) with pretty much no growth (negative like you say). But it's had a good run in my portfolio and tends to trade in big up and down swings.
I would expect me to get out of it (or trim a good amount at least) whenever it's on the upswing again.
Good video!
Thanks!
Always great welcoming a new Matt video! I must say you sir were wiser than me unloading Starbucks, that little run to the low 80's fooled me, my only solice the moaning and groaning from the nike crowd, misery loves company! 🤣. You've done a couple videos about "buying at the top" and it's paid off nicely for you, for me currently its so hard to "sell at the bottom" must be psychological??
I figured SBUX would trade back down, will be interesting to see if it kind of holds at that level or goes lower. I've sold at bottoms (like with SBUX) and I just decide whether or not I still believe in the company or not and if not I don't care. Not every decision will work. My LULU and MSCI holdings are proof of that at least so far 😂
NEW Matt Derron just dropped!
Google and Amazon both have the scale bud Google has billions of web search users and Amazon is this internet if an app is running on AWS which is likely their are also running their ai and by proxy all their users w that ai on AWS
I'm not talking about scale in terms of compute power. I'm talking about scale in terms of amount of users interacting daily with their AI and the depth of knowledge they have about them. Google - yes, because they have CZcams and they've integrated Gemini into Google search and Docs. However the difference with Google is that they haven't introduced Gemini into CZcams on the consumer side yet, and while Gemini is integrated into Search - their user data will depend on how many other Google tools they use.
Amazon has like maybe 350 million users? So we're talking 10x less than Meta in this context.
Again, I'm not talking about servers and compute scale, I'm talking about how many daily interactions by different people into their AI models.
@@mattderron I addressed that directly you are conflating AWS user accounts with their app users.
I’m not talking about AWS at all, I’m talking about the Amazon marketplace users. People who shop on Amazon.
I have no idea how many AWS users are using Amazon AI services or Bedrock. But even then Bedrock is an LLM aggregator to my knowledge so it’s impossible for me to know what value / data Amazon would be getting directly from that.
The point I was trying to make was that a huge set of diverse users all around the world are interacting with Meta’s AI every day because they turned it on my default for everyone. It’s not their full 3.24B users yet because it’s only in select countries. But I don’t think any other company has that scale of users hitting their model every day.
This is not a negative view on Amazon or Google, obviously since I own them both too (in higher allocation than META). I was simply trying to make a point of the scale of actual users hitting their proprietary model every day.
Is that really Mark Zuckerberg in the video? It sure doesn't look like him
It is (as far I know lol)!
1st
🥇
Biden is crushing it.