June Street

Growth Investor - 10 Year+ Horizon.

[Bear Force 1 @BearForce_Won]

I cannot endorse this more. If your seat doesn’t come with a license to go deep, adapt your mental frameworks quickly, be extremely open-minded, and occasionally sound insane, you are probably in trouble long term.

Many unimaginative investors waited almost 10 years for the P/E multiples on their Bloombergs to mean-revert without noticing that increasingly enormous companies were generating massive returns at increasing scale, which made that nearly impossible.

This period is a version of that on steroids. That isn’t a determinative statement. The path does not have to be upward. But there exist right tails that require depth and imagination. If you can’t see them, you can’t understand the underlying asymmetry and therefore can’t have a properly calibrated lens to assess risk.

[Just Another Pod Guy @TMTLongShort]

If you are on the buyside and your PM or CIO insists AI is a bubble you should do everything in your power to find a new seat.

How deeply you understand bottlenecks and tokenomics will be the primary driver of alpha over the next five years and you should put yourself in a position where you have the leash to be involved and learning instead of watching from the sidelines.

We are at the starting line. The people pointing to memory stocks instead of model IQ tipping points simply lack the IQ or imagination to understand that.

[June Street @June_Street]

@PipingClover https://t.co/oNod7H6FmY

[June Street @June_Street]

@PipingClover https://t.co/oNod7H6FmY

[June Street @June_Street]

One of the all time epic runs

[Jeremy Raper @puppyeh1]

Thinking more about this. This is almost exactly how the Chandlers (secretive Kiwi multi billionaires) made all their money. No 5 ten baggers in a row per se but 5 multi baggers, in a row, rolling the entire stack forward each time (with leverage.

Went from a few hundred k to >$10bn over 25yrs or something like that

[June Street @June_Street]

x100, starting 2012

[Jerry Capital @JerryCap]

not buying more semi stocks

[June Street @June_Street]

50 year records are rare, esp good ones.

Hat”s off.

[June Street @June_Street]

Zero copy at CRM was the tell. SaaS silos won’t win in a generalized (model) world. Gotta adapt.

[illiquid @lefttailguy]

Well, well, well. Obviously Snowflake talking their book, but it makes sense....

[June Street @June_Street]

AI/SaaS hypothesis below-comment invited

@akramsrazor @dalibali2 @P_Remarks @TMTLongShort @buccocapital @matt_slotnick

[June Street @June_Street]

1/7 JS Hypothesis: AI is a structural disruption to enterprise SaaS.

AI Foundation models are structurally centralized, polymath entities that crate value by reasoning across domains and aggregating system wide data+ context.

[June Street @June_Street]

9/9 Anyway, just a hypothesis I’m not entirely sure of, hope its catalytic for others.

[June Street @June_Street]

1/7 JS Hypothesis: AI is a structural disruption to enterprise SaaS.

AI Foundation models are structurally centralized, polymath entities that crate value by reasoning across domains and aggregating system wide data+ context.

[June Street @June_Street]

8/9 I’m not sure how any of today’s SaaS models could match such O/S breadth… but this market could take years to unlock so they have time to adapt. Glean, DataBricks, and Palantir sure are growing quickly though.

[June Street @June_Street]

e2open acquisition also under appreciated

[Sustainable Growth @fintegrate]

@ScottMountford6 I recently bought more at $58. I’ll keep adding small amounts here over the next year. Still really like the biz. Won’t be disrupted by AI. They made the right biz pivot into agentics and CVP at exactly the right time

[June Street @June_Street]

Update: https://t.co/gD7nJ8SVRx P/S contracted from 101x (below) to 68x.

Bat signal extinguished.

[June Street @June_Street]

https://t.co/gD7nJ8SVRx seems to trade >100x P/S…