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No. of Recommendations: 5

Sorry about kidney stone. Ow.

CrowdStrike was not best example to use in that instance. But still it would have to be an absolutely catastrophic breach AND market would still need to believe another company could do better the next time. Longer distance to travel to get to devastation to company that could befall Livongo.

I totally get the story of how Livongo can win big. What I do not hear anyone saying is exactly how the company successfully modifies behavior to improve health and lower costs. And if they don't really improve health, merely lower costs, then story is a bad joke. Founder and CEO talk a flowery game of their commitment to humanity.

So let's say a worker, let's call him Chubby Gilooly, is eating terribly, hates working out, is pulling double shifts at his computer terminal and keeps forgetting to take his meds causing him to return to doctor, need more expensive health care etc - exactly what does Livongo do? Send clips of Tony Robbins cheering him on? Do talk therapy for hours to address the emotional part of his whole person platform? Send alerts to his app to give him a Pavlovian shock as he salivates over the bacon wrapped chicken donut sandwiches his buddy brought to celebrate a birth?

I respect that Saul preaches let the money talk and trust that if the growth is there the product is almost certainly good so we don't need to know intricacies of the tech. But I think that's not way to go here. This is narrative investing gone wrong - a fantasy story of magical health care provided to a race of humans, Homo Reasonablus, that doesn't exist.

I'm not commenting anymore as dad yelled at me once and I can't take another beat down.

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