David Rosenthal: evaluation

Transcript context

…Large, yeah. NVIDIA can be the whale and there can be plenty of big other companies too. Anyway, back to the story. So, NVIDIA is bumping along through all of this in the late 2000s and early 2010s. Some years, growth is like 10%, maybe it's flat in others. This company is completely going sideways. In 2011, they whiffed on earnings. Again, the stock goes through another 50% drawdown. It's cliche. I was going to say it. I don't even know if you can say it about Jensen. Here we are, the company is screwed again, everybody else would have given up, but obviously, not them. So what happens? Basically, a miracle happens. I don't know that there's any other way that you can describe this except like a miracle. Maybe this is actually not a great strategy case study of Jensen because it required a miracle. Well, Jensen would say it was intentional that they did know the market timing, that the strategy was right, the investment was paying off, and that they were doing this the whole time. In fact, even in the Ben Thompson interview. Ben basically lays out like how did all these implausible things happen at exactly the right time? And his response is, oh, yes, we planned at all it was so intentional.…

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