Anthropic IPO
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Anyone following the Anthropic IPO?
Personally I think Anthropic currently produce the best products, whether there’s room for more than one ‘top product’ or how much that product can really make is another question!
I understand all the commitments they have, and the run rate they need to achieve to satisfy this. There's also the question of who owns who!
What’s everyone’s views on this? Anyone pulled the trigger and buying ?
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I'm not clever enough to choose individual companies to invest in, which is why I use Cobens. But then I iz well fick.
How much of your pot do you hold with Cobens, and how much in individual investments? Come to think of it, how much does anyone else hold outside of Cobens?
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I hold just enough shares outside of Cobens to remind me i know nothing and should leave it to the professionals.
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I hold just enough shares outside of Cobens to remind me i know nothing and should leave it to the professionals.
@Coopersale said in Anthropic IPO:
I hold just enough shares outside of Cobens to remind me i know nothing and should leave it to the professionals.
Nicely put. That's worth a thumbs-up from me.
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Anthropic is a very interesting company and it has a bright future-that there is no doubt. The opening day will likely see a big boost coupled with significant volatility over the next week or so at least-driven by speculation and FOMO not fundamentals
And reality is that GOOG-Gemini is just as capable as Claude and will be a fierce competitor. So my thinking is why pay a bloated multiple for Anthropic when you can buy a business which is already earnings huge returns and growing at a significant rate. GOOG own their own compute, Anthropic rent theirs(mainly). Of course bidders will likely drive it much higher at least initially.
A stocks price on any one day is not a true reflection of value of a business. You only need to look at any number of examples. What you want is durability in the business not hype, magic beans as such like. It's very easy to say 'I wish I bought X' but when were you going to exit it and why did you buy it. If you did so because you thought someone else would pay more(and thats the only reason) then that is the greater fool theory. Look at Coreweave. Im not saying it's a bad business however it was valued at almost $70B, loses a lot of money and is highly speculative. It's what I would call a Moon-Shot stock. And as discussed here countless times, when the narrative changes these companies have nothing to fall back on and they get thumped. The upward parabolic growth reverses and you get the opposite(and more).
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Adam, that is a good point, similar to the point of who already owns chunks of Anthropic , Google being one of the larger ones!
With Anthropic moving towards having their own compute, the distance to that from here is eye wateringly expensive, not to mention the DC space is not exactly under fulfilled !
Interesting times!
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And that is why I would rather invest in the supply chain, who are making all the money(now and for many years). Importantly though-not over paying. There are plenty of good companies in the mix but some have a premium attached to them which, imo is not justified.