过去三年，Uber 的自由现金流增长了两倍，达到每年约 100 亿美元。然而，该股的交易价格仍低于我们 15 个月前首次在本节目推荐它时的价格。
Over the last three years, Uber tripled its free cash flow to roughly $10 billion a year. And yet, the stock trades below where it traded when we first pitched it on this show 15 months ago.
Whimo 最近以 1260 亿美元的估值融资，其市值实际上与 Uber 相同，尽管其收入仅为 Uber 的一小部分且尚未盈利。
With Whimo just recently raising money at $126 billion valuation, it has effectively the same market capitalization as Uber despite having a fraction of the revenues and being unprofitable.
市场显然表明它相信自动驾驶的未来，但并不一定认为 Uber 是受益者。因此，要么市场对我们拥有的最佳业务之一错误定价，要么机器人真的正在取代我们最大的持仓。
So the market is clearly saying it believes in the future of ABS and it doesn't necessarily see Uber as a beneficiary. So either the market is mispricing one of the best businesses we own or the robots are really coming for our largest holding.