Hedging the Portfolio with Weapons of Mass Destruction
vitaliy.substack.com
Buckle up. In today’s excerpt from the Spring letter I wrote to IMA clients, we’ll discuss stock options and Uber. If you have not read my in-depth writeup on Uber, it’s here. Hedging the Portfolio with Weapons of Mass Destruction Uber's business is doing extremely well. It has reached escape velocity – the company's expenses have grown at a slow rate while its revenues are growing at 22% a year. This caused profit margins to expand and earnings and free cash flows to skyrocket. Our investment in Uber was based on the assumption that its services would become a utility – just like water and electricity. The company's name is synonymous with ridesharing.
Hedging the Portfolio with Weapons of Mass Destruction
Hedging the Portfolio with Weapons of Mass…
Hedging the Portfolio with Weapons of Mass Destruction
Buckle up. In today’s excerpt from the Spring letter I wrote to IMA clients, we’ll discuss stock options and Uber. If you have not read my in-depth writeup on Uber, it’s here. Hedging the Portfolio with Weapons of Mass Destruction Uber's business is doing extremely well. It has reached escape velocity – the company's expenses have grown at a slow rate while its revenues are growing at 22% a year. This caused profit margins to expand and earnings and free cash flows to skyrocket. Our investment in Uber was based on the assumption that its services would become a utility – just like water and electricity. The company's name is synonymous with ridesharing.