《I'm not worried about interest rates》
BKNG 是一只值得坚定持有的标的，凭借可盈利的客户浮存金管理、高覆盖率以及积极回购股份（并在股价下跌中受益）。
这里我说的是 Wise 和 Booking Holdings，因为这两家公司为客户持有现金。
And here I'm talking about Wise and Booking Holdings because these companies hold cash for their customers.
说到 Booking Holdings，情况就不一样了，对吧？因为人们在预订酒店时是提前付款的。这笔现金先由他们持有，等客人退房之后，他们再付给酒店。
Coming to Booking Holdings, this is different, right? Because people pay in advance when they're booking hotels. They get to keep the cash, and then they're going to pay the hotels after the person has checked out.