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Josh Wolfe – The Tech Imperative - [Invest Like the Best, EP.130]
Invest Like the Best with Patrick O'Shaughnessy
The Importance of the Minnows and the Meggas in the Illiquidity Business
Zom does not need as big a story for people to buy in. It's making an observation versus a prediction. You can look and observe, this seems to be a good business. They seem to get good returns on incremental invested capital. You cannot make that case for uber alift. Now i'm not saying that they couldn't be great businesses in the future but certainly the prodigious amount of cash that they are burning on a regular basis depends on the kindness of strangers. So i think that there will be this bifrcation between legitimately good businesses, almost like value tech, that are generating cash, generating profits, able to profitably invest in the future. People who need
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