This is my strongest position and where I hold the most conviction. Please educate yourself and buy shares whenever and however you can. This company will become the Super App and demand aggregator.
Beginning in early January, we began acquiring a position in @Uber. Today, we own 30.3 million shares.
I have been a long-term customer and admirer of Uber beginning when Edward Norton showed me the app in its early days. I was also fortunate to be a day-one investor in the company through a small investment in a venture fund.
While a great business, Uber suffered from erratic management. Since he joined the company in 2017, Dara Khosrowshahi CEO has done a superb job in transforming the company into a highly profitable and cash-generative growth machine.
We believe that Uber is one of the best managed and highest quality businesses in the world. Remarkably, it can still be purchased at a massive discount to its intrinsic value. This favorable combination of attributes is extremely rare, particularly for a large cap company.
We will have more to share about our thinking on the company shortly.
If you’re interested in learning what I’m offering you about principles and how the world is unfolding in light of them, you can find out here: https://t.co/6DkbGiZ9Dw
@Delta My flight from DCA to LAX yesterday was the most bumpiest Rudd of my life. I got no sleep and now I’m dragging to my photo shoot. #DeltaPlatinumMedallion 🤦🏽♂️