Welcome to OK Computer. I'm Dan Nathan, joined by Dan Niles. Dan Niles is the founder and portfolio

manager of the Saturi Fund. Dan, welcome back to OK Computer. My pleasure, as always, Dan.

I think we have a title for this. Somebody sent me a tweet the other day from somebody, a guy

named Dan Reagan. It says, I'm creating an only Dan's where Dan's get

together to complain about being called Dan the man, Daniel's son, and Danny Boy, our whole

lives. So this is our only Dan's pod right here. And I got to tell you, as a Dan, I actually

call people, like, I call lots of Dan's by those names. I've been called those my whole life.

Have you suffered that same affliction? I think every Dan has. So yeah. Yeah. All right,

fair enough. All right. Only Dan's OK Computer Pod here. Dan, you were last on the pod with me

October 18th. And I think our regular listeners know this. I really look forward to these

sessions. And you've been doing this quarterly with me at least a year or so. And I really look forward to these sessions and you've been doing this quarterly

with me at least a year or so and I really appreciate it because you and I go back all the way

to the late 90s when you were on the sell side and you were making lots of big and bold calls

about tech for years and obviously you've spent the better part of the last two decades as a portfolio

manager. So your perspective for me is really

important because when I came into the business, you are one of those kind of axes in technology

who could move stocks and sectors and the like. But you've also over the last 20 years that I've

known you, you have been amazingly transparent with your views as a portfolio manager.

And you take credit when it's due and you also take responsibility for things that you got

wrong.

And that's just one of the things that I think is so important.

You cannot go this long in the business if you don't have those characteristics.

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