We're Not Enthralled About Microsoft and Netflix as Examples

Google's our largest position. We continue to like Google a lot the valuation is extremely attractive Clearly that's reflecting concerns over cyclical challenges and advertising But that's a long-term hold, we're willing to work through it. Microsoft is our second largest holdingWe think there's gonna be a lot of durability to their earnings stream based on you know Azure and enterprise demand so we feel pretty good about Microsoft In terms of meta and Netflix and I'll use those two as examples We don't own them. We're not enthusiastic about them You know there's one thing to have a cyclical sort of worry around stocks and with the economy But those companies have structural challenges as well and when we look