Insider Stocks · For members
An entry from my investing journal, for members.
Part 1 covered what ServiceNow does and why customers don't leave. Part 2 tackles the harder question: does AI strengthen the moat or erode it? I walk through the AI thesis, the financials, the SBC debate, Armis, and where the stock needs to be for me to add.
Insider Stocks
The rest of this entry is for members
Before I buy a business, and before I sell one, I write up what I see: what it earns, what it’s worth, what could break it. Members read every entry, back to 2021. At least two new entries a month, more during earnings season.
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