Both Serena & Mike Novogratz Believe That In Person Events Will Melt Upward In Value Long Term . I Believe Sports Valuations Will Become Historic .
Just wrapped our earnings call.
It was a very strong close to what was a record fiscal year for Microsoft.
· Annual revenue: $331B, +18%
· MS Cloud: $214B, + 27%
· And Azure: $100B, +41%
And even bigger opportunity ahead!
I wanted to share some more perspective on two areas of focus for us:
Had a 1 on 1 with a family of 5 today. Mom and Dad and 3 children all working in corporate. The kids have moved back home pooling their money with the parents and buying stocks and creating generational wealth together. Not everyone going to agree with this but to each his own.
I have been covering gold since it was the laughing stock of the financial world.
What I have learned:
Conviction demands thick skin. The crowd will mock what it does not yet understand, and the consensus will always punish those unwilling to follow it.
Just enjoy the ride.