wake2000

Hi Palantir, I looked at this company about a year and a half ago and passed. You have to deduct capital gains taxes owed when they liquidate the investment portfolio (might not be much of a tax bill but when I looked at them it was material). In addition, the operating business is benefiting from what seems like a temporary surge in advertisements announcing foreclosures, which apparently is required by law. Once those advertisements go away free cash flow will obviously be much less than it is currently. I of course liked Charles Munger's presence as well, but at the time I looked at it the stock wasn't selling cheaply enough.