A STRONG SUGGESTION AND REQUEST
When I woke up this morning (European time) I found 61 unread posts on the board. Sixty-one posts overnight! There were some gems like the three part deep dive by Wooter, the Nutanix deep dive by sarksnz (Greg) and some excellent posts about Pivotal by Tinker and others, and others about Nutanix, but most of the posts I was just wading through arguing back and forth about philosophy of investing and valuation. After the first few it was just blah, blah, blah. Just repeating and repeating.
LETS STOP THAT DISCUSSION. That’s not what this board is about, and not what has made it great. Our board is about analyzing, discussing, and investing in great, rapidly growing growth companies. If you are not happy with what we are doing, you don’t have to stay on the board. No one is making you. In fact it is easy to start a board of your own, and you can discuss investing the way you want to invest. This is not a board about value investing.
You’ve made all your points about how foolish we are and about how we are living dangerously, etc. I just don’t see the sense of continuing to post just to criticize and make fun of what we are doing. What is the rational of coming to a board dedicated to a particular type of investing (which has been quite successful, by the way), just to criticize us. I don’t get it. Again, if you are not happy with what this board is about, and you are not willing to learn from it, you don’t have to stay.
And making fun of us without understanding what we are doing. (If you don’t think “making fun of us” is accurate, here are a couple of examples):
For a clear example, calling us in-and-out traders specifically because I discussed being in and out of Mongo twice before I decided to stay. It was perfectly clear that I wasn’t trading to make a small profit (that was never even mentioned by me or anyone else at the time), but because I was trying to decide whether or not I wanted to hold it LONG TERM!
And calling us momentum traders was just silly, and also showed a lack of understanding of what we were doing. Most of us buy with the intention of the company being a long term investment, not with a price goal in mind, and we stay until the company’s picture changes (in our individual opinions), or until we decide we have made a mistake, or prefer to invest our money elsewhere.
And calling us “giddy.” I’ve been saying each month, over and over, that this can’t keep going on like this, and that it seemed ridiculous and embarrassing to be up as much as we were.
SO AGAIN, LETS GET BACK TO FINDING AND DISCUSSING GREAT COMPANIES AND QUIT FIGHTING ABOUT QUESTIONS THAT CAN NEVER BE ANSWERED, AND LET’S DROP THAT DISCUSSION that just was eating up the board. We got the message about living dangerously right with the first couple of posts. It didn’t need to go on, and on, and on. We are grown-ups and if we get hurt when the “big crash” comes, that will be our own responsibility, not yours.
Thanks very much for your cooperation,
Saul
