This is the company that I probably know the best
Let’s not get too cheetah-ish and zip past this deeply important morsel from WSM. Much of successful long-term investing with high returns has to do with trusting the people running these businesses we invest in because they are the businesses.
And trust does not happen overnight. So most of us on this board have developed a several year long relationship with Crowdstrike already, and we know that Kurtz and co. are serious gunslingers, on the shareholders side, who hustle and perform quarter after quarter after quarter after quarter after quarter.
Let’s assume that S can outperform CRWD by a few percentage points financially. Do their lesser-known-quantities–at least to us-- make those few percentage points worth the leap in faith a new investment in them requires, one that we don’t need to make with CRWD?
At some point, Monkey likes sleeping in his hammock with less worry, fewer wrinkles, and without much disruption to his piña colada drinking ways. Sacrificing small financial gains for huge gains in trust and steady-as-she-goes-leadership is not a small consideration.
And that’s assuming S performs better financially, which we all know about how assuming makes a donkey out of you and me.
All this handsome ball of fur is saying is don’t discount a long-term relationship to gain a possibly one-night-stand-ish incremental bump in your results. It’s not worth it. It might even be an egregious mistake, like catching an investing STD. Now, clearly show Monkey why S will be worth 40% more in three years than CRWD, and you have my big ears open and at the ready to dump my Crowdstrike fianceé and go cavorting with the new strumpet.
We’re not traders. Long-term trust matters.
Hugs,
Monkey (long CRWD)
@Cxddesign on the twitters