🌻好文分享
現在科技股, 尤其是尖牙股(FAANG), 飆得讓人怕怕. 尤其今天盤後公布財報的Microsoft(MSFT), 還有上週公佈財報的Netflix(NFLX), 在盤後都跌了一下.
該怎麼辦呢? 這段話覺得挺好. 供參:
“ Many active investors justify the valuations of technology giants by using huge revenue trajectories over decade-plus timelines and focusing on the cost and competitive benefits of achieving dominant scale. This low interest rate environment further helps them defend premium valuations. I think your investment philosophy will dictate your comfort with that approach. Philosophical differences aside, I believe investors in those companies fail to recognize that the widespread popularity of these stocks may undermine the long-term success of the investments. Most alpha (return above a benchmark) from information technology stocks comes from multiple re-rating. An already well-liked stock has little room for an upward rerating, but plenty of downside risk if the company disappoints. Widely favored stocks carry with them substantial mis-execution risk that investors often overlook.”
文字來源:
https://www.causewaycap.com/insight/value-opportunities-in-technology/
(這整篇文章我納入我的blog, 也劃了重點. 值得一看. 連結在下. 也有提到怎麼從這次的疫情中尋找投資機會. 若有地方看不懂, 可以使用google translator, 或是問我.)
https://makingsenseofusastocks.blogspot.com/2020/07/a-value-investor-uncovers-opportunities.html
🌻投資idea
今天盤後Chipotle(CMG)發表財報了. 新聞連結:
https://www.cnbc.com/2020/07/22/chipotle-mexican-grill-cmg-q2-2020-earnings.html
App排名很前面的餐飲業可以研究(連結如下). 之前經過一家速食店, 有至少一個多小時, 外送的車道都很長. Lockdown每天煮飯真的是會瘋掉.
See the top 50 most popular iPhone food & drink mobile apps in Apple App Store in United States based on App Store ranking.
https://www.similarweb.com/apps/top/apple/store-rank/us/food-and-drink/top-free/iphone/
🌻投資idea
折扣零售店的新聞最近常常看到. Ollie Bargain Outlets (OLLI)
這家可以研究. 之前CEO在Thanksgiving突然去世, 換了CEO, 而之前公司也因為拓展太快, 出了點問題. 不過這些都不是大問題. 但要確定高層是否言行一致. 提供一新聞連結給您做研究的起頭:
https://finance.yahoo.com/news/ollies-bargain-issues-q2-view-114711935.html
另一家可研究的折扣零售店是Dollar General (DG).
🌻未來投資idea
記得從書上看過, ARM Holdings是一家很好的公司(希望還是沒變). 到時候若真的上市, 可研究/投資:
彌補願景基金虧損!軟銀打算賣掉ARM,或在明年內上市:
https://www.bnext.com.tw/article/58461/arm-softbank-vision-fund-ipo
🌻婚姻. 友情.
昨天Snap發表財報了. 每次聽到這家公司, 都忍不住想起了CEO漂亮的太太Miranda Kerr(米蘭達凱爾).
當股友說, 這次CEO的發言讓他有點改觀, 我在想, 是不是Miranda有幫夫運呢?
她跟前夫Orlando Bloom離婚的原因? ‘We weren’t bringing out the best in each other(我們沒有讓對方變的更好)’. 所以可能她幫Snap CEO激發了潛能?
-->所以夫妻間真的要互相幫忙成長. 朋友間也是如此. 您認為呢?
https://www.marieclaire.co.uk/entertainment/people/miranda-kerr-orlando-bloom-divorce-535651
Picture出處:
https://www.msn.com/en-au/entertainment/other/evan-spiegel-admires-how-wife-miranda-kerr-co-parents-with-ex-orlando-bloom/ar-BB16Kefi
同時也有1部Youtube影片,追蹤數超過1萬的網紅Guitar Josa,也在其Youtube影片中提到,這段即興Solo我是用電腦Plugin的聲音 ! 其實原本音質非常棒 結果處理完影片之後音色整個失真許多啊~~ 不然原本真的很好聽啊 !! 重點是免費的 連結貼給大家 有空記得去下載來玩玩看喔 !! 下載點 : https://ml-sound-lab.com/collections/amp-s...
dominant公司 在 貓的成長美股異想世界 Facebook 的最佳貼文
[科技業的護城河]
這篇是講矽谷投資人, 是如何在一堆的新秀中, 挑選可以投資的創新公司.
裡面有提到護城河.不過有些跟"尋找投資護城河"一書提的不太一樣.
我也認為, 研究個股, 尤其是科技相關類股, 除了要看它有沒有先行者優勢(first mover advantage), 也需要注意公司有沒有自己的生態系統, 以及它在更大的生態圈/供應鏈中扮演了甚麼角色.
********
(中文譯稿見此:https://36kr.com/p/5141901)
常見的護城河至少有以上六種:
技術。更好的基礎技術當然是一種護城河。在極端情況下,能夠為客戶帶來利益的新技術可以演化為一種行業標準,你也可以把它理解為一種壟斷,就像英特爾一樣。
生態系統。 YouTube 從內容生產者、分發渠道到內容的託管、保存,建立起了一整套生態系統。類似的,蘋果的 App Store 也有自己的生態。
網絡效應。社交網絡現在已經很好理解了。此外,如果某種按需服務具備了一定的流動性,並且與消費者建立了親密關係,或者是基本控制了需求或供應方其中一方,也可以算作網絡效應。
產品領導者。像 Salesforce,Workday 和 ServiceNow 這樣的雲服務提供商,搭建了一套完整的解決方案,而且創新速度夠快,產品功能完善,成為其細分行業的領導者,當然也算是一種護城河。
渠道。尤其是對於 to B 產品來說,能不能在一個企業內部流通,既是一個挑戰,也是一種優勢
********
原文寫的比較仔細, 轉貼在下方: https://news.greylock.com/what-do-i-look-for-in-a-pitch-866355bddb3
We love to talk about “network effects” in Silicon Valley, but many believe that starts and end with the social, viral growth of Facebook. But network effects can build many kinds of moats that defend them against copycats and price erosion.
I don’t describe every kind of moat here (e.g., regulatory) and many great companies will have new types of moats — ones yet to be invented. No moat is absolute or permanent or I’d be out of a job! Still, having a thesis on your defensibility is essential, even at the Series A.
--Tech. We continue to believe in new and better fundamental technology as a moat — not so much patents or legal protection, but products that are hard to build well or take advantage of a fundamentally new approach. In extreme cases, a technology advantage that translates into a customer benefit can turn into a standard — an effective monopoly — as in the case of Intel. In most cases, even a great technology moat only gets you far enough to become a market leader, buying you the right to work closely with customers and enabling you to define the market.
--Ecosystem moats come in many flavors — from becoming the default hosting site for user-generated video content (YouTube), to the rapid, developer-driven free adoption of container technologies and growth of associated tooling (Docker), to the developers that now make >$20B a year through the Apple app store.
--Networks. Social networks are now pretty well-understood. Marketplaces and on-demand businesses reach a liquidity point (even a local one) and build mindshare with consumers that becomes hard to displace. Often, marketplaces have some advantaged acquisition strategy for at least one side (demand or supply) — they’ve built a community, offered a compelling new service, have organic or viral spread.
--Product leaders. In the enterprise, cloud pioneers like Salesforce, Workday and ServiceNow built complete, core workflow solutions with a new architecture. Their faster-innovating products, (at that time novel) SaaS consumption model, and dominant go-to-market machines have made them category leaders. Each is now expanding their initial moats to become platforms for other applications and workflows.
--Distribution represents a new generation of user-adopted SaaS products. End-user engagement within organizations is often a weak spot for enterprise software incumbents. Deploying software is a challenge for most organizations, and consumers who are using more software in their own lives expect better choice and usability. Simplicity and quality of design has become a moat, especially when coupled with product features that encourage adoption within an organization, or new layers of value for incremental users within an organization. Is it better for me if my team also uses a tool? What about my manager?
Capturing a unique dataset is also emerging as a moat in the age of AI-powered products. If your workflow product or MVP is useful on its own, and you can use it to collect unique data, you can then learn from that data to build a better and smarter product, improving the user experience — driving a new virtuous cycle.
dominant公司 在 歐崇敬博士 Facebook 的最佳解答
01972當電視不再主導你家
When TV Can’t Dominant You Anymore
曾經/真的/已經是曾經
電視/主導了人類社會五十年
那是一個/羅斯福和邱吉爾以後的時代
電視主導的世界裡/文化大革命/與蓋世太保/都已經消失
他最後的風光時期/是九一一事件/雙子星大廈
是賓拉登現場被狙擊
他的結束/是川普用內衣褲/批評中國的高鐵與高速公路
想像不到/百貨公司/電器行/電視銷售的業績/一瞬間變得極度冷淡
電腦和筆電/tab的螢幕/已經實驗出
十二到二十八吋/既中庸又具互動式/隨帶隨走/各種視訊裝備/融合為一
當電視走出主導的舞台/下一個失去主導力的/就是系統商和電視台
dominant公司 在 Guitar Josa Youtube 的精選貼文
這段即興Solo我是用電腦Plugin的聲音 !
其實原本音質非常棒
結果處理完影片之後音色整個失真許多啊~~
不然原本真的很好聽啊 !!
重點是免費的 連結貼給大家
有空記得去下載來玩玩看喔 !!
下載點 : https://ml-sound-lab.com/collections/amp-sims/products/amped-stevie-t-free
影片中我彈的動機是以Phrygian Dominant Scale為主
想讓音樂有種異國風情的感覺
這個音階也是我非常喜歡的音階
而這個Plugin是來自於Amped這家公司
至於為何命名Djent God 這個北爛
是因為Steve Terreberry 這個人
Plugin就是依照他來量身打造的
Steve T是一名外國吉他Youtuber
他的影片都非常誇張 搞笑
大家有空可以去看一看 很白癡 XD
所以搭配這麼好笑的人 取名Djent God
相信是相當適合的 哈哈 ~
聽完影片有什麼想法 記得在下方留言告訴我喔 !
Enjoy it ~ !!
=========
🎸贊助Josa🎸
Paypal ▶ https://www.paypal.com/paypalme/josaguitar
歐付寶 ▶ https://p.opay.tw/LzPAz
謝謝你們 !
我會持續做出好內容給大家收看的 !
Follow me on
🎸IG : https://www.instagram.com/josaguitar/
🎸Youtube : https://www.youtube.com/user/MrJosaguitar
🎸Facebook : https://www.facebook.com/JosaGTplayer/
#Amped
#Steve T
#Josa
#堅持熱情
#吉他教學
#吉他直播
dominant公司 在 蕙宏昌股份有限公司- DOMINANT OPTO... | Facebook 的推薦與評價
DOMINANT OPTO TECHNOLOGIES于2020年2月7日正式宣布新公司總部和廠房落成開幕典禮幕。新公司總部位于馬來西亞麻六甲市BATU BERENDAM FREETRADE ZONE,和舊廠廠址相互隔 ... ... <看更多>