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Dan McMurtrie: Research Process, Inverted Shorts & Post-Consciousness

Value Hive Podcast

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What's the Terminal Value?

Growth businesses like tinder and match match trow are making the terminal value, in my opinion, very certain. And so if i'm certain this busines will exist in ten or 15 years, or 20 oar, whatever, then i actually have to think about, how big's the market? How much of a vig can they charge on that market? What of the economic loat scale, et cetera. We focus on what we call mandate arbitrage. The best time of short as stock is aher its bot to get kicked out of people's tradeae universe y,. Because it doesn't matter what they think of it, theyre us stelling it.

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