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Some clever woman:
At the #FortuneAI Brainstorm, our CEO, Poppy Gustafsson, shared her thoughts on the cybersecurity and data privacy concerns with AI today and how business leaders can adopt a proactive approach to the responsible use of the technology. Check it out
https://fortune.com/videos/watch/Brainstorm-AI-London-2024-Championing-Responsible-AI-Within-The-Enterprise/4ab9853a-6f2e-4054-a189-95317864106e
Does dark use some sort of SaaS software ? I am not a Tech geek ?
No idea, either!
Darktrace delivers its cybersecurity products as a Software As A Service solution.
Always a surprise to me that people invest in companies/businesses they know so little fundamentally about. But, I suppose, if you are a trader or speculator you don’t need to know. The whole financial strength of DT depends on it providing SaaS and being paid up-front by subscription.
All one needs to know, Lending, is the direction of travel and the vision of the drivers.
Diversification is key to investing with safety nets. It's unlikely that those with a decently diversified portfolio will know all there is to know about all they hold.
Obviously, Poppy has vision and knows exactly where Darktrace is going, enough said.
Ok - each to their own. I prefer now to only invest in companies in which I have a deep fundamental understanding, and in which I have sought to build up my own competence to be able to assess itheir long term competitive advantage.
I, too, used to think that diversification was a good thing, but now I prefer to invest in only a few companies that have proven sustainable competitive advantage - very few have - and which I understand. Buffett recons you only need very few, and I now tend now to agree.
Yeah, I get it:
"You know, we think diversification is—as practiced generally—makes very little sense for anyone that knows what they’re doing...it is a protection against ignorance."
However, you may think you know all the ups and downs, but know one knows what's around the corner.
Win/ to create wealth you need a concentrated portfolio of no more then 5 stocks(i only have 4, LSEG,GSK,DT and i have just bought into CVSG) . A diversified portfolio protects your wealth. In many ways we have the advantage over the institutions but the one area we dont is with research ,they will have a team of analysts and they get to meet the management. I tend to follow people/institutions into stocks ,especially if they have been adding. Like im in this because of ML Im a big fan of Mark Slater(Slater Growth) thats why i started a position in CVSG. Of course i do some research and i have to understand the business.
What I do know, through swatting up, is, traditional cybersecurity tools struggle to keep pace with evolving threats. They excel in specific areas but rely solely on past attack data, leaving them unable to detect unknown threats effectively. This results in a flood of alerts for security teams, who must manually correlate data across different IT systems. Although Traditional eXtended Detection and Response (XDR) solutions help by combining data from various sources, they still lack coverage in critical areas like email, leading to a reactive approach. Security teams are overwhelmed by alerts, lack time, and face challenges from complex vendor stacks. In short, many organisations lack the manpower to stay cyber resilient.
In contrast, Darktrace's tools,anticipate, or at least that's what they claim, and respond to security risks by analysing both internal and external threats. Their unique AI, Cyber AI Analyst, automates investigations, streamlining decision-making. Obviously, much of what they say is a sales pitch.
What other companies 'anticipate' a threat? It's easier, and inferior, to be wise after the event.
.........................
On diversification:
Thanks s/w, as you say, not many have super-vision for in-depth research. The timeless advice of not putting all your eggs in one basket still holds weight. Diversification, as a fundamental principle, remains sound advice particularly for the vast majority of smaller investors, in my opinion.
Additionally, concerning diversification, I find space-related stocks particularly intriguing due to recent news events involving missile launches near the edge of the atmosphere. This brings attention to the importance of space surveillance and exploration. On another note, does anyone have opinions on the US stock RKLB?
SW77 you raise an interesting point - investing is about both about wealth creation and wealth preservation (if you have some wealth) and my portfolio is split between the two. And W, you are right about Black Swan events.
To protect my wealth, about half is invested in trackers. For growth, I once had about 30 stocks - far too many to fully understand and follow so I am now aiming to hold no more than 10 quality companies, Microsoft being my favouri long held company, along with REL in the UK. I’m not smart, or brave, enough to whittle it down to 4.
DT, together with some exploration stocks, form part of my limited speculative portfolio - buying into them with the initial expectation that they could become 10 baggers in a reasonable time frame. I no longer think DT has any chance of meeting this expectation, but it could still be a worthwhile investment if performance improves.
It has been an interesting journey investing in DT, and I have learned a lot holding it. First time I came across negative working capital - fancy your customers bank rolling your business and not having to borrow money from a bank! No debts to a bank, only to your customers!
Lending/investing for me is all about risk and reward. You have to be able to sleep at night ,so we all have levels of risk. As im old i should be more diversified but i just cant do it, although i do hold 25% cash. Difference strokes for different folks!
I agree s/w
The notion of "risk and reward" is the excitement I relish as well! Although I could sell now and make a tidy profit, there's a part of me that wants to see this venture to its conclusion. Most likely, I'll trim my investment, again, once it reaches my target price, but I'll still maintain a stake to stay engaged. Today has been positive overall, with everything progressing favorably. Have a great weekend, everyone; the outlook for the future is promising.
Win/i will top slice on the way up ,although i wouldnt be selling anything of this now. Hopefully we can do the same to this, what we did to Tremor. We sold completely out of Tremor, im inclined to keep a lump of this long term.
S/w
Yes, same here. Those Tremor days were mad, I can't quite believe how well I did on that occasion - the art of execution (although more luck than judgement) ah ah.
I remember a guy, 'sharenicelynow' who always seemed such a gentleman and gave good advice - haven't seen him about since.
Win/yeah,crazy days. Tremor was my best win ever in 45yrs of doing this. Yes,i remember "sharenicely",he was a nice guy,he tried to convince me to stay in Tremor. He sent me a video of a song "let it ride". Unfortunately he stayed and is probably well down or lost money. "The art of the execution" is one of the books i reread every few months.
Indeed, he's a kind-hearted person, more knowledgeable about the game than myself. He recommended I check out Tremor's CEO on platforms like YouTube, which seemed fine, but upon doing so, I strongly disliked Tremor's Ofer Druker, especially knowing Rebecca Brooks was associated with the business. It was just a gut feeling, I didn't trust them, so decided to get out.
Conversely, I get a good feeling from Poppy!
I will read the book again when I get more time and brush up on investing skills. At the moment I'm doing a honours degree with the OU, which is taking too much of my time.
Enjoy the rest of the weekend.
Win - which book 📚 you like to read again - the name of the book 📚?
The Art of Execution
Lee Freeman-Shor