Stebbings avoided Nvidia in late 2023 due to its high valuation, but bought heavily in early 2025 following a 16 percent price drop.
THEN · Nov 15, 2023
0:00 / 0:15exact quote · 15.9s
NOW · Jan 29, 2025
0:00 / 0:10exact quote · 10.2s
“And my hard thing is like, as a general capital allocator and capitalist who wants to make money, I think the upside is already priced into Microsoft or Nvidia, where I'm not looking at them like, oh, there's a buying opportunity now because they're so richly priced already, I think.”
“I just bought a shitload of NVIDIA, because they dropped 16% on the thesis that the increasing efficiency means that obviously we wouldn't need as much NVIDIA chips.”