of course. it's never personal. dreamer is a likeable chap!
it's just time to put the tech story guys into perspective. they talk about the vast opportunity of wave's standards strategy and hardly ever acknowledge its costs; and they get a free pass on the timeline. the former is a dreamy vision of a possible future. it's great fun to play the visionary.
the latter involves the concrete reality of costs and endless dilution and it hits us upside the head every quarter. why should we put up with their endless diet of hope without reminding them that the strategy they keep elevating is what keeps driving the weighty cost structure of wave's income statements upwards?
at least supply a timeline. at least use a formula for writing your ideas that acknowledges the costs you demand investors must assume to pursue that vision. at least acknowledge when your previous predictions have contributed nothing.
but what do they actually do? they go quiet around earnings season. they never apologise for their timeline errors. they work tirelessly to prevent change at the top. they never acknowledge the costs of a development strategy that never reaches fruition.
nice as some of them are, i don't give them a free pass. they take the easy road. i try to get them to take responsibility for what they write.
it took me a while to get tuned in to him, but i enjoy barge. i realised i didn't like his following, but since that went away he's much more approachable.
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