Nvidia

“A lot of companies like Netscape, TiVo, like all this, like digital recording, all these are SGI technologies. And it's so funny that then permeated to other companies like Nvidia. So many of these companies have Silicon graphics heritage.”

“And I asked Jensen Huang of NVIDIA, how much do you work? And he said, Nikolai, there is hard work, and then there is insanely hard work. So I said, where are you? I work insanely hard. I work from five in the morning until I go to bed. I work every day. I wor…”

“While let's say a company like NVIDIA is an extraordinary business by all accounts and one we've looked at, we just don't think we would be a great owner of that business at this point in time. Because while I can tell you all the great things about NVIDIA, I …”

“When you're running a back test through the better part of the last decade, ChatGPT knows that Nvidia became a multi-trillion dollar company. ChatGPT knows what the mega trends were in the economy and the market over those timeframes. It's not realistic to tru…”

“And similarly, we loaded up on NVIDIA right after ChatGPT in January, 20, 23. We were buying NVIDIA at four times the earnings they're going to do this year.”

“This is exactly where you'd expect the bubble to break, and you would expect, other things being even, that it will be let down by NVIDIA, followed closely by the other giants.”

“NVIDIA invests in over 50 plus of their customers in the last six, nine months.”