thanks for the writeup .. good one. I have one question thou- I am really concerned about sustainability of the high advertisements that Facebook is earning right now.. a lot of this maybe due to tech boom and a lot from non-profitable tech companies..(as Bill Smead says) so I am not sure what multiple is conservative with a margin of safety! Would be curious on your thoughts.
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thanks for the writeup .. good one. I have one question thou- I am really concerned about sustainability of the high advertisements that Facebook is earning right now.. a lot of this maybe due to tech boom and a lot from non-profitable tech companies..(as Bill Smead says) so I am not sure what multiple is conservative with a margin of safety! Would be curious on your thoughts.