Hey FJ, thanks for another great write up. Tbh I didnt see this one coming. Sometimes we are so focused on the numbers that the obvious Great invests Are right there, coming from our personal experiences and the real life no brainers.
I do see all the Arguments you are bringing up, however i ask myself where the asymmetry for uber is. The downside might be protected, but the upside compared to some of your other invests might not be as „impulsive“ as like rklb. What do you think about that, uber = compounder. Maybe Grab Holdings (which uber owns partly) could provide exactly that.
Sorry, long comment. Would love to hear your thoughts around that 👍🏻
Hey Franklin, thanks a lot for this thoughtful comment. I get what you mean and I agree the upside story looks very different from something like RKLB. For me the asymmetry with Uber comes from the fact that it is already part of daily language and daily life, which puts a floor under the downside. The upside is more hidden. They burned billions for years to build global infrastructure, that phase is behind them, and now every new ride or delivery comes with much higher margins. That is where I see the compounding start to kick in. RKLB is the bold asymmetric bet. Uber feels like the steady machine you can quietly own for decades. Thanks for pushing me here, it sharpens my own thinking.
I see your point, nothing against that. For me personally its very hard to assign uber an essential Status. Yes there might be people without cars, etc., but theres public transport. And Yes, they can earn incremental Dollars with every new Customer/ right. Its just, mentally im putting uber in the same bucket as netflix, spotify. The big but for me, you lose your income or you have high inflation macro environment, you rethink what you spend your Money on .. thats where I see the main risk + uber is not cheap … See my point?
Hey FJ, thanks for another great write up. Tbh I didnt see this one coming. Sometimes we are so focused on the numbers that the obvious Great invests Are right there, coming from our personal experiences and the real life no brainers.
I do see all the Arguments you are bringing up, however i ask myself where the asymmetry for uber is. The downside might be protected, but the upside compared to some of your other invests might not be as „impulsive“ as like rklb. What do you think about that, uber = compounder. Maybe Grab Holdings (which uber owns partly) could provide exactly that.
Sorry, long comment. Would love to hear your thoughts around that 👍🏻
Hey Franklin, thanks a lot for this thoughtful comment. I get what you mean and I agree the upside story looks very different from something like RKLB. For me the asymmetry with Uber comes from the fact that it is already part of daily language and daily life, which puts a floor under the downside. The upside is more hidden. They burned billions for years to build global infrastructure, that phase is behind them, and now every new ride or delivery comes with much higher margins. That is where I see the compounding start to kick in. RKLB is the bold asymmetric bet. Uber feels like the steady machine you can quietly own for decades. Thanks for pushing me here, it sharpens my own thinking.
I see your point, nothing against that. For me personally its very hard to assign uber an essential Status. Yes there might be people without cars, etc., but theres public transport. And Yes, they can earn incremental Dollars with every new Customer/ right. Its just, mentally im putting uber in the same bucket as netflix, spotify. The big but for me, you lose your income or you have high inflation macro environment, you rethink what you spend your Money on .. thats where I see the main risk + uber is not cheap … See my point?