Confluent Inc Class A

**$CFLT** is reporting earnings Feb. 10th. Last quarter they grew total revenue by 67% and cloud revenue by 245%.  



This member connected a brokerage account and is sharing trades and portfolio performance with the community. 

Public Portfolio

Ryan Mahony

“Growth investors will occasionally find an attractive S-curve, but the important piece really is competitive advantage and operational abilities. In smartphones, Apple created half a trillion dollars in wealth but HTC, RIM, Nokia, Motorola, and LG destroyed value. Several went bankrupt and didn’t make a dime out of the smartphone S-curve.”

-Alex Sacerdote, CEO & Founder of Whale Rock

Could possibly apply to the Metaverse?

This member is verified by the Commonstock team based on their contributions to the Commonstock community. 

Verified Member

Hedge Vision

The difference between an average investor and a great investor is understanding company specific risks and having patience to hold winning positions through drawdowns. Both only learned through experience..

I understand this has been a treacherous market. You can make the case that you had some overvaluation in some names but comparisons to the internet bubble are misplaced. Today’s internet companies and leaders in cloud computing are operating at massive scale with very strong trends (despite overall macro changes) and solving real problems. Internet stocks in 1999 had very little revenue or scale and a lack of infrastructure. 

There is lack of profit by design in many names because they are spending aggressively to pull business from legacy competitors, who are trying to maximize profits since revenue is only growing ~ 3-5%.  How long do investors really believe profits can continue to grow well above the revenue growth rates of many names. There is only so much you can cut costs without jeopardizing a companies long term success. 

NVIDIA Corp

My favorite trade of 2021 was buying **$NVDA** early in the year. I bumped it up to my second largest position.

I’ve always believed selling a company due to declining fundamentals, poor execution, lack of innovation is OK but selling off great businesses due to a broad downturn in the market is a slippery slope. At that point one becomes a trader or market timer and there are different stresses that come along with that style, such as staying in cash too long and daily timing of buys and sells. 
I would prefer to deal with the stress of a drawdown over the stress of timing the market regularly.

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Miquel

Bakkt Holdings Inc - Class A

Hut 8 Mining Corp

Silvergate Capital Corp - Class A

Galaxy Digital $GLXY is planning to re-domicile in the US and uplist on the Nasdaq in Q1. They provide access to the whole crypto ecosystem. They were early investors in companies like $SI, $HUT and $BKKT. 