We pick up this week's conversation where last week's (and so many of our past episodes left off) - what about Twitter, at this price, in this economy? We talk about the succession decision and why the set-up for the incoming CEO, intentionally set or not, is pretty attractive. We talk about Elliott Management's role in all this, and what they might be thinking about Twitter at this stage. We talk about downside and sector performance, and then we circle back to last week's discussion on the overall market volatility and why buying great companies irrespective of price can lead to more than the occasional pothole, even if the ride as a whole may turn out successful enough.

Topics Covered

• 2:45 minute mark – Twitter’s valuation and the set up for new CEO Parag Agarwal
• 8:00 - The succession decision
• 14:00 – Other considerations for this move
• 22:00 – The downside at this point for Twitter
• 25:00 – Elliott’s role in all of this
• 29:00 – Sector movements
• 34:00 – Market considerations
• 40:00 – Places to avoid
• 45:00 – Extreme outcomes when buying a good business
• 49:00 – The ongoing volatility event in the market