BKNG has a durable moat against AI competitors like Mews; current price weakness creates a buy opportunity.

We did that earlier this year with Salesforce and Microsoft, and now we're doing it with Airbnb, Booking and some other stocks.

Let's talk a little about Booking, as one of our guests discussed it previously. It is a company in which I also own shares , with full disclosure, but it appears to be influenced by artificial intelligence, or at least that's how it seems.

I mean, listen, everything is affected by artificial intelligence, both positively and negatively. But, as you know, Muse , and we're recording this on September 29, released a report two weeks ago that had a major impact on Airbnb and Booking.

they are saying something like Booking.com will not be necessary. This is ridiculous. As you know, they said that Google tried to acquire it, not the company itself, but the market.

But she couldn't. They have enormous resources. TripAdvisor tried to do the same thing , but couldn't. Booking has a competitive advantage, and it will be very difficult for anyone to replicate what it has done.

What she did was target small and medium-sized hotels, the boutique hotel type, and acquire stock of them, making their listing on Booking very profitable for the companies. Mews will not do that.

Mews will not be able to handle cancellations, deal with hotels, handle all the complexities of travel, or deal with EU regulations . Now you can buy the stock at a discounted price, and I'm happy about that, so I will buy it.

At some point, the market will come to its senses and realize that this is a high-quality business venture.