1 Comment

Thank you, Amit, for another thought provoking and informative post.

Your post rubbed on some old wounds with respect to the legacy media and its approach to investment analysis. To put it simply, the legacy media is characterized by sheer laziness. It builds its commentary (I won't call it analysis) around years' old buzz words like "black box", "consulting company", and "over valued". These lamestream writers (still can't call them analysts.) are incapable of original, critical, zero base thought. Some simply mark up a previous report without examining whether or not a prior assumption or metric continues to hold any current validity. I suspect that fatal bias enters much commentary because of Palantir's support of the United States Government, Ukraine or Israel or just because someone doesn't like, let alone understand Alex Karp and the senior executives. None of these writers have ever run a business on their own, let alone built one from the ground up. They don't understand how a business works. Years ago, Wall Street slammed Jeff Bezos because he chose to reinvest all of Amazon's revenues back in the business-consequently Amazon didn't show a profit from quarter to quarter. Yet, that reinvestment guaranteed Amazon's future profitability. The same thing with Palantir. I don't know all the things that Palantir has done right over the years. There has been a lot, and it shows. I do know that the sum total of all of the mistakes that Palantir has made over the last twenty years are worth trillions in future profits. No Wall Street analyst will understand this.

Fortunately, we retail investors, who found Palantir on our own, and liked what we found, have profited by retail analysts and commentators such as yourself, Arny Trezzi, and Emir M. and others. You have all outperformed the so-called professionals that have led us astray for so many years. None of you fear learning from others - indeed your mutual understanding and support of one another and of Palantir has been inspirational.

My point in writing this, apart from just ranting, is to suggest that you do not allow yourselves to be overshadowed by the big names that you have mentioned. Continue what you are doing. You are so far ahead of the big names that it boggles my mind.

Expand full comment