Congrats on the strong performance of this pick. I was impressed reading your write-ups from earlier in the year by the independence of thought you showed by taking a sober look at a pre-revenue company (and one with quantum in the same, no less) and making a fair assessment that it was undervalued. I could count on one hand - or perhaps finger - how many times I’ve seen that on Substack.
Thanks a lot Matt. Yeah, I think I've found an interesting corner of the market with some of these pre-rev SPACs that were left behind with all of the obvious scams.
I definitely won't be taking any victory laps yet. This could very easily end at zero and it'll still be years before we get any real clarity of potential market penetration. But it's been interesting diving into nonetheless.
Congrats on the strong performance of this pick. I was impressed reading your write-ups from earlier in the year by the independence of thought you showed by taking a sober look at a pre-revenue company (and one with quantum in the same, no less) and making a fair assessment that it was undervalued. I could count on one hand - or perhaps finger - how many times I’ve seen that on Substack.
Thanks a lot Matt. Yeah, I think I've found an interesting corner of the market with some of these pre-rev SPACs that were left behind with all of the obvious scams.
I definitely won't be taking any victory laps yet. This could very easily end at zero and it'll still be years before we get any real clarity of potential market penetration. But it's been interesting diving into nonetheless.