$SAP Tape Reports
Per Ticker.id: $SAP Tape Reports — 6 podcast mentions across 6 podcasts (30 days), latest 2026-08-26 10:00 UTC.
And it's very funny because if you actually study moats, which I think are most famously codified in the book Seven Powers, that's one of my favorites. The vast majority of moats actually are not affected by abundant low-cost intelligence. You know, when you think about network effects, scale effects, which shows up in distribution, brand effects, which we tend to discount in Silicon Valley, these things are as good as they've ever been. No amount of coding agents is going to make Nike, not Nike. The power of Instagram was never the complexity of building the Instagram app. Of course, it was the kind of network behind it. So I actually think the majority of moats are as good as they've ever been, and of course are still critical to building compounding value. There are a couple of moats that are exposed. For me, the integration moat is the most obvious one. SAP is so famously complex to integrate into and out of that it's a sort of existential risk to even migrate from one version of SAP to the next. Coding agents makes this dramatically better. I think there's a bit of an existential question actually for SIs and GSIs as to what will their value be when they've historically been this sort of point of integration? So I do think this moat is a little bit at risk, but for the other traditional moats, they persist and they're as important as they've ever been. And I think this is a really important concept. As you start to think about what are the job functions in the enterprise that are alpha creating, it's typically product, sales, engineering, research. And conversely, what are the job functions in the enterprise that are sort of— maybe administrative is too bleak, but they are supporting other functions, legal, HR, finance, et cetera. We really think that the kind of rational architecture and the one that is emerging is that for jobs that have unlimited upside, like sales or product, you always want to use frontier tokens. And the reason for that is you just don't know what the value of the new product feature or closing a customer account is. It's effectively unbounded, and therefore it's economically rational to pay almost any price for a model that's even one IQ point smarter, your Fable-5 or your Groq or your GPT-5.6.
Anish Acharya — The a16z Show · The State of AI: Macro, Apps, and Consumer · 2026-08-26And if so, those companies can be high growth, very high margin, because you don't have lots of software developers to pay and stock-based comp and all these things that sap returns from software. So I think don't sleep on software is what I would say. Now, I would couch all that in saying, this has been a long bull market. Start drawing the line wherever you choose. But we can say March 2009, if we like, the bottom of the the GFC. And long bull markets correct in the end, and we'll see a correction probably before too long, and it'll probably be a fairly deep correction. But corrections are corrections, you know, stock markets don't go to zero and stay there. You know, you could have lived through the Great Depression and back out again if you knew what you were doing and you were careful. You could have, and many did, lived through the dot-com collapse if you knew what you were doing and you were careful. Ditto the GFC. There is always a bull market somewhere. You just have to know where to look. And if you hold on to stocks that are red hot in years 1 through 3, but that plummet 90% in years 4 through 5, well then you're not doing it right. You have to learn how to do it better. So I'd say don't sleep on software. Don't overstay your welcome if software continues to run up, but watch the software sector because people aren't really thinking about what has to happen in software for all the new things that are happening in hardware to really deliver value to those large-scale end users.
Alex King — Investing Experts · Don't sleep on software · 2026-08-25Yeah. As someone who had to write an audiobook, trust me when I say this is not scripted. Anyway, the value of talking things through was mentioned. To which I can affirm I am better off for hearing that one, the emotional desire, etc., and two, the diplomacy angle I hadn't thought of or heard of each. So for sure, I'm now well more informed. Now, this was the one about the sovereign capability because the question goes on to say perhaps changing the fence with holes analogy fit all the other excellent points, rounding to something closer to a shark net off Bondi, maybe. Anyway, we are really closely aligned, so appreciate debating the finer points. Life would be boring if it was black and white. Boomer topic expertly handled too. If there was an episode dedicated to ripping through the main sticking points of what an advanced economy looks like as the demographic pyramid flips and the printer goes brrr, etc., that would be an excellent listen. There you go. There's an idea for us. And I'm sure our two benevolent leaders— and he says, why can't I stop picturing Kudos and Kang from The Simpsons? That's up to you— to come up with some excellent ideas that you never know could Surreptitiously informed, sensible policy, maybe. I started my own business about 18 months ago, so you can imagine how easy it is for the media to paint that the world is against young people and is sapping the will to live. For you guys to take the time and offer some rational optimism, it has been one of those little glimmers of light. Cheers.
Jason Moser — Motley Fool Money · Mailbag, incl: Don’t miss the glimmers of light. August 23, 2026 · 2026-08-22On Raging Moderates, I ask my guests the same closing question: What's one thing that makes you rage and one thing you think we should all calm down about? Every week I think about how I'd answer. Sometimes it's a frivolous frustration, like the jockeying for overhead bin space on an airplane. Other times I'm raging about something deeper, maybe American citizens being detained by ICE. When I ask about what we should calm down about, it's the same pattern. Sometimes it's a minor frustration with my kids, and other times I'm considering something more meta. Right now, the thing that makes me rage is fear, or more particularly, the feeling so many of us have that we can't overcome our fears. When I started at The Five, facing 4 conservatives and millions of viewers who might not agree with me, I'd wake up with my stomach in knots and rehearse arguments in my head, terrified I'd say the wrong thing. But eventually I learned that fear doesn't go away. You just decide it's not going to stop you. You learn to live with it, to feed off the energy, and hopefully to find a way to express it that doesn't sap your strength but makes you stronger. When your fear is harnessed, no matter what it's about, you become a more complete, self-aware person. That's what I want for you. Not to be unafraid— fear is a rational response to the challenges ahead— but to decide that you're not going to let that fear keep you on the sidelines of whatever challenge is making you tense. And what's the one thing we should all calm down about? Each other. I know that sounds simple, maybe even naive, but good people have flaws. It can be hard to see the humanity in people whose politics feel so foreign to yours, or imagine bonding with those who excuse or worse endorse behavior that's antithetical to yours. But those same people can be loving parents, generous neighbors, and devoted friends. The reverse is true as well. People with the right politics can have serious personal failings. If we demand perfection from everyone, we end up alone. And loneliness, that's what's really killing us. It's also okay to listen to bad ideas.
Jessica Tarlov — The Prof G Pod with Scott Galloway · No Mercy / No Malice: I Disagree · 2026-08-22No good. And the risk is so high and we have no idea how these things work and there's no good way to control them. I think that's pretty well in SAP. And so you see cities due to budgetary reasons and due to staffing issues, kind of leaning in pretty aggressively, and there's been some bad cases where the AI's gotten it really, really wrong. And so I think there's a smarter way to do it. Like, the smarter way to do it, it would be, okay, look, we're gonna, we're gonna have AI, but AI is only going to pick up when the phone lines are fully busy.
Garrett Langley — All-In with Chamath, Jason, Sacks & Friedberg · Flock CEO Garrett Langley on Controversy, "Surveillance State" Claims, and Privacy vs Safety · 2026-08-18So, Paul, if you remember, we came back and I think January, February timeframe when we did a big report saying that, you know, all software is not created equal. Everything was down 40, 50%, you know, at that time, just within a period of 1.5 months. And we had picked out SAP, Workday, Shopify, and ServiceNow 4 vendors that are, you know, best in class in their own category of what they do. And we said, you know, these kinds of workflows are critical for an enterprise and it's not going to be easy for a large language model to disrupt them. Now, at the same time, you know, what I say doesn't matter. But at the end of the day, if somebody wants to go take them private, I think that really, you know, is the real message that if private equity wants to spend billions of dollars taking them private, then maybe there is value for a lot of these firms out there. And that's what we saw yesterday. There's a— there's some rumor out there that these guys may be taken private. And, you know, we think if that happens, that really changes the narrative in the software landscape, which has been under pressure for the last 2 years or so.
Anurag Rana — Bloomberg Intelligence · OpenAI’s Revenue Run Rate Tops $40 Billion Ahead of IPO · 2026-08-14I feel a little bit powerless." Yeah, what's going on? "And I feel like all those eyeballs are sapping me of any value I might have had." What's going on? Well, I do want to just honor, first off, that what you just said— I just was reading a book written by a woman who's an expert, and she was talking about talking to, bonding with another woman who's an expert, and that the two of them met on a train when one of them said, "I'm going to speak somewhere.
Samara Bey - 2 — So Money with Farnoosh Torabi · 2021: The Secret to Fixing Public Speaking Anxiety Instantly · 2026-08-12