Why I'm Not Buying Palantir | Reaction To Joseph Carlson

I like Carlson a lot, just don't agree with him here.

If you'd like to listen to the audio version of all these videos, you can check out my startup - it's basically a youtube of audio and trying to disrupt the audio space.

WHO AM I:
Hey! I’m Amit and this is my channel where I talk about stocks, investing, and finance. I love analyzing the market, understanding trends within the global macro economy, and above all communicating in a way that is meaningful for people to consume this type of information.

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This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

[NoName-zlft]

Have you ever tried to rap? You have quite a fast talking cadence and clean pronounciation.
Godd reaction video 👍🏻

[shatterednights]

Let's hope next Thursday is the start of something BIG for PLTR

[Uofmdoc]

Amit you knocked it out of the park with this one. I know you were a debate super star in your past. You most certainly won this “debate”

[thomasgattling]

Your debate background gives you an unfair advantage against any argument against PLTR😂 I love it! It’s like watching an OP anime protagonist go to WORK! Keep it up bro.

[Hawxxfan]

currently palantir's TAM is obviously much smaller than a company like netflix. however, i think in order to be a PLTR bull, you have to believe that more companies and organizations will aquire exponentially more data over time, thus increasing the TAM for a company like palantir

[Qichar]

The main argument of Palantir bulls (and keep in mind, I own a speculative long position in PLTR) is that they think "Palantir may one day be as big as Google." OK, why do you think that? Palantir has a HUGE scalability issue, and it doesn't matter what the CEO says to assuage investor fears around that, this latest earnings report PROVES my scalability issue thesis. They hired a bunch of sales people. I looked on their balance sheet, and they are losing 187, 000 per employee. In other words, if you took their net income and divided it by the number of employees, you get -187, 000 (source: Seeking Alpha).

They are NOT SCALABLE. For every client they have, they need a bunch of sales, account managers, and data experts to service that client. There is currently no way around it. I know the consulting industry quite well, in particular government contracting, and there is no way for Palantir to scale without hiring lots of people. If they give these people stock options, then we are back to the SBC issue again.

So NO, Palantir will NOT become GOOGLE. It's a BS argument. You HOPE they will become as big as Google one day, but it's NOT GOING TO HAPPEN. It's delusional to think that a consulting firm can scale like a traditional pure software play like Google. Google makes huge money on ad revenue from YouTube and Search. Yes, Google has hoards of engineers and yes, Google gives them stock, but it is not proportionate to the number of people who use Google services like YouTube and Search. You can have BILLIONS of users and not need BILLIONS of engineers. Not so with Palantir. Palantir needs SEVERAL people PER CUSTOMER in order to make their money. In fact, I am willing to bet the majority of money made by Palantir comes from hours billed back to the customers for that work.

I am long Palantir because I love the technology, and I think they have a bright future AS A CONSULTING FIRM, but I do not have the COMPLETELY UNREALISTIC delusion that they will one day be as big as Google. There are not enough data / AI experts in the world to service that many customers, sorry.

[lawrenceyeung]

I really like these videos that react to others’ reasoning of being bullish or bearish about palantir.

[ryanr]

Love both these channels, thanks for all you do to help educate us as retail investors on Palantir. It’s an interesting company for sure.

[absw]

Palantir isn't a super complicated company to wrap your head around. I think it is perceived as more complicated because it does not have a b2c product/service we use every day like Netflix, Disney, Starbucks etc...

[alvinharp]

I don’t think it’s hard to understand what Palantir does, it’s hard to understand how they do what they do. Palantir’s platforms take massive amounts of data and gives it’s users a view of that data in a way that is usable. Rather than having specialist in specific areas of the data, perhaps thousands of analysis each working in specific areas, then trying to understand and coordinate that data so that decision makers sees the big picture is difficult. The more data the more difficult. Palantir’s AI driven enterprise operating systems take all that data, both stored and live and gives decision makers a view that’s actionable. The ability of Gotham and Foundry to create a mirror view that can manipulated so decision makers can test various scenarios before implementing them is also huge.
People that say Palantir is a black box are kinda right. We don’t know how all the chaos of data that goes into the “black box” is transformed into something valuable, because it’s then useable at a very high decision level.

[fauzo]

Its interesting your entire channel is all about Palantir. But the main question is have u ever use the software?

[hongyang]

I started using Gmail and Google search in 1999. When they became public traded I asked myself why would I invest in a company that gave out everything for free! Netflix, $7/month how will they become profitable? Lockeheed Martin's main customer is US military? Why invest?

[RS-fqhd]

Nice to C your channel growing such a fast rate. Keep up the good work you are doing!!

[carlguinney]

His con is a pro for me. Few people understand Palantir because it requires the ability to imagine a future which does not yet exist. Fire like the computer was an incredible leap for mankind but the ability to use that fire to forge steel was transformative. Foundry name is not a coincidence.

[alexrabbani]

this was fun and entertaining, do more of these reaction videos, with you logically breaking down what the poster says (either agreeing or disagreeing, both will work)

[georgeholloway]

Amit, I've just discovered your channel this week. It's great what you're doing, with all the interviews you've been doing. Do you have a fair value for the company? I think the assessment of a fair valuation/npv is exceptionally difficult with Palantir. Would love to know what you think (if you haven't already made a video on that).

[rakashaagain]

to get his cmopensation... did he help the price jump a bit? like buy back share or anything? It seem fishy all time arrive just when he had to sell his share... Just asking question.

[GIaucoma]

Dude I’m starting to unconsciously check YouTube at your upload time lmao

[georgeholloway]

I actually agree with the "it's complicated" argument. Even though it's my fourth largest investment, I'm still aware of the fact that I don't understand it in huge detail. I think one can apply certain heuristics that allow one to assess its potential, even without knowing it as well as one might know, say Tesla.

[CommandoMaster]

You should debate/podcast with Joseph Carlson!