CRM
Salesforce, Inc.
stockNYSE

This is what I was referring to, essentially. It doesn't even need to be all or nothing, why I mentioned hybrid. But I already know of some divisions/departments at other large companies that are going that route. I worked for the biggest CRM, the AWS weekly charges were astronomical. And the focus on spending more and more time reducing those costs never stops. The scalability factor is totally needed in many departments, but not all. There are some where more security, less scalability are applicable.

Keep the ones that are still working, dump the stuff you don't have conviction in anymore. RING and XID are dead weight unless you think rates or those sectors turn around, and holding them just because they used to be part of a strategy isn't a reason FAF and SAP feel like the weakest links on the questionable list, CRM probably fine to hold but not worth adding to right now

|Ticker|\# Shares|Current value|YTD P/L| |:-|:-|:-|:-| |POW|37|3428.36 CAD|\+31.2%| |[CRM.NE](http://CRM.NE) (CRM CAD hedged)|55|1000.97 CAD|\+24.84%| |SSNC|SSNC|3080.96 USD|\+19.6%| |SAP|8|1809.03 USD|\+18.87%| |BRK.B|13|6933.88 USD|\+9.24%| |[BRK.NE](http://BRK.NE) (BRK.B CAD hedged)|202|7743.8 CAD|\+4.85%| |ADBE|5|1134.74 USD|\+7.56%| |STPL|130|3422.5 CAD|\+5.03%| |FAF|37|2386.6 USD|\+3.77%| |GIB.A|40|4292.26 CAD|\+2.94%| |[RDDT.NE](http://RDDT.NE) (RDDT CAD hedged)|193|2870.78 CAD|\+0.7%| |[MCD.NE](http://MCD.NE) (MCD CAD hedged)|25|510.1 CAD|\+1.21%| |MNT (Gold)|58|3731.5 CAD|\-9.04%| |RING|127|1860.49 CAD|\-21.43%| |XID|70|3007.44 CAD|\-15.96%| Thinking of holding BRK, POW, STPL, GIB.A, ADBE, RDDT, MCD (adding more), SSNC, MNT The rest are questionable: FAF, SAP, CRM, RING, XID RING and XID are the last remnants of my ETF era where I basically bought etfs from almost every region (did pretty well overall, even with the loss on XID, the loss is technically half because they paid a huge dividend). Also not really down on MNT (gold) since I realized $800 in gains already. Would also love recommendations.

One thing which is incorrect in your analysis: Veeva CRM was built on salesforce. Veeva had an agreement with sfdc so that they would give a part of the CRM licence revenue back to sfdc, Veeva couldn’t do products like Service Cloud or Marketing Cloud based on this agreement because sfdc was doing this. Veeva decided to launch its own full proprietary CRM (Vault CRM). So sfdc was not happy and launched its own life sciences CRM. The large majority of Veeva CRM customers are going to Vault CRM. With Vault CRM Veeva can now sell industry specific product (marketing, service…), which is also adding revenue on the commercial pillar of Veeva’s products.

I am in marketing, using Adobe and many SaaS products involving software development, productivity, CRM, and more. Whenever people mention Artcraft, I know: 1. That person is not in the industry. 2. That person has not used Artcraft and Adobe side by side. 3. That person does not know that over the years, there have been countless startups and open-source projects that tried to be the "alternative" but went nowhere. 4. That person doesn't understand that a moat goes far beyond the actual software.

ADBE, CRM, Zuora, ORCL/Netsuite