Hey this is tom nash, and i guess you're wondering why i got all these bananas in the background. Well, that's because kathy would just date something completely bananas. The lady is doubling down on teledoc. I guess she called the teledoc and he told her to double down on the company.

I don't know what happened. We got ta talk about this. Let's get this thing started. Well that escalated fast, kathy wood went from the oracle of wall street to the crazy cat.

Lady in like a year and a half, what happened i mean we could make jokes about it all day. In fact, let me show you how easy it is. She found innovative ways to lose. You money she disrupted her investors, investment.

She has a better chin than the korean zombie in the ufc. She takes ill. She keeps coming. We can do this all day.

We can call her the reverse midas lady, but in all honesty, in no truth, we have. To be honest, i mean she isn't that bad i mean doubling down on. Teledog is a slightly crazy thing to do it's a little bit bananas, but before we talk about teledog and what i think about her buying more shares, let me just kind of defend kathy here because look if you want to judge a fund, you got to stretch It out a little bit, you know it's like old shoes. You got to go five years to see what the fun has done now over the past five years, kathy has been pretty much average, plus nothing to write home about, but not so bad.

I mean over the past five years. She did about 90 percent. I mean that's a little bit more than the s p 500 at 80 and a little bit less than the crazy grandpa from omaha warren buffett that did 100. So you know she's kind of in between an index fund and warren buffett.

Nothing exciting, but i mean it's not horrible. She did have some horrible two years right now. Oh, that was a doozy now as far as teledog look there's a question here, how good this company is and how good this company can be now kathy wood did invest more stock. After that company reported one of the most abysmal results.

Anybody can imagine, but i mean she didn't - want balls deep into this company. Let's be honest, she bought six hundred thousand shares now. Six hundred thousand shares a rough calculation is about 20 million dollars. Now you have to remember, she already has a position of 1 billion dollars in this company.

It's one of our biggest positions, so another 20 million is meaningless. What's important here is not the increase which is incremental again, it's not the size, it's what you do with it. It's the fact that she didn't sell. You have two people here on opposite sides of the spectrum.

On the one hand, you have bill ackman with a sizable bet on netflix, just as big or almost as big as the stellar dog bed, which basically are comparable cases, and you can see how bill ackman, despite his massive loss, basically pulled out and said, hey made A mistake, kathy's doubling down she's doing the opposite. Now is there ego involved here? Well, maybe partially, but i think she's just going along with this company now, whether i think it's correct or not, that's a whole different enchilada. Let me explain going balls deep or at least staying balls deep on a company like teledog in this climate is a little bit problematic and let me explain why well, first of all, there's a thesis problem. The thesis on this company is feces and let me explain, i was part of the crowd who thought that the world is going to change forever because of the pandemic.

That patterns of behavior are going to be forever changed. The people just want to stay home as much as they can now that doesn't really work like that, because what we found out during the pandemic and after the pandemic is that people don't want to go to work because they don't want to be around everything. That does not require them to be at a place where they don't want to be and be with doing. They don't want to do which is work, everything else they want to go outside and do that outside recreational stuff, leisure, vacations, fitness, even medicine.

Imagine going in front of the webcam saying: hey doc. I have this little tucker carlson in my nutsack. Can you see what it is? Can you tell me what it is? I mean it's not really comfortable. I mean you know you want to see the doctor.

You want him to see what you got. I mean unless you're refilling prescriptions, it's pretty much more convenient to go to actually see the guy. Now here's the thing most of the stuff that teledoc are offering already exist, talk to any professional in medicine and id. These are not innovative things i mean telemedicine has been around for a long time.

I really don't see. What's the unique factor of teledoc, i mean they're, nice business they're, just a nice little provider of telemedicine, which will do somewhat well, but to think of them as the next tesla of medicine is the next disruptor in this medicine world it's kind of cuckoo. It's kind of bananas.