Is IAC Undervalued? With Ramneek Kundra (Ticker: IAC)
Chit Chat Stocks
00:00
Investing in SaaS and Consumer Internet
11 is a capital alligator who applies timeless principles of value investing in doing deals, and they keep huge margin of safety when they acquire any assets. They bought Meredith right before the bubble in tech pop, where they could have made a better return. But you can never tell when these bubbles will pop, right? I'm just happy that despite being a key player in the consumer internet space, I see never bought in the hype of SaaS and consumer internet. It sold Vimeo at the top. And during the, they basically sold Vimeo during the euphoria.
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