MSCI 是长期赢家：其稳定的指数业务产生现金，随着 AI 发展，其分析/AI 投资应会成为行业标配。30 倍市盈率已计入部分增长，并不便宜，但长期逻辑依然成立。
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那么，Dan，我走一个不同的方向。我选的是股票，来看金融数据公司MSCI。股票代码，你猜对了，MSCI。它这周表现很棒。公司营收和利润双双稳健超预期后，股价上涨近10%。
So, Dan, I'm going a different direction. I'm going with shares, taking a look at financial data firm MSCI. Ticker, you guessed it, MSCI had a great week. Shares up nearly 10% after the company delivered a solid top and bottom line beat.
那么，MSCI是做什么的？他们运营着超过30万只股票和固定收益指数。他们把这些指数授权给共同基金、ETF，靠这种类似出版业务的模式赚钱。他们还向风险管理者销售大量分析工具。他们有一套相当不错的面向专业投资者的AI工具，某种程度上是在让业务现代化。
So, what does MCI do? They run more than 300,000 equity and fixed income indexes. They license them to mutual funds, ETFs, make money off of that sort of a publishing business.
They also sell a lot of analytics tools for risk managers. They have a pretty good suite of AI tools for professional investors kind of to modernize the business.
所以，你有一个非常稳定、能产生大量现金的指数业务。而且我喜欢他们投资分析、投资技术的方式，随着AI发挥更重要的作用，这些工具在未来几年将成为我们行业的基本门槛。
So, you have this great stable index business that is generating a lot of cash. And I like the way they're investing in analytics, investing in tech tech that these tools are going to be table stakes in years to come for our industry as AI plays a more important role.
该股目前市盈率30倍。已经计入了一些增长预期。它不便宜，但我认为MSCI从现在起是一个长期的大赢家。我们谈论的关于AI的一切，关于它进入并发挥更大作用的一切，他们都会在其中扮演重要角色。
Stock is priced at 30 times earnings. There's some growth priced in. It's not cheap, but I think MSCI is a big long-term winner for here. Everything we're talking about with AI, everything we're talking about it coming in and playing a bigger role in businesses, they're going to play a big role in that.
Dan，Lou推荐这个的时候，我知道你喜欢那种名字和股票代码完全一样的公司。
Dan, when Lou pitched this, I know you like a company where the name and the ticker are exactly the same.
我确实非常喜欢这一点，Travis。我喜欢一点一致性，这一点我们大家都知道。我也喜欢Lou你在描述MSCI时用了“很棒”和“稳定”这两个词。这些词用得不错。
I do like that a lot, Travis. I like a little bit of consistency, as we all well know. I also like that you, Lou, used the words great and stable in his description of MSCI. Those are some good words.
尽管我很喜欢机器人，其实我并不怎么喜欢，抱歉Jason，但这次我们选MSCI。
As much as I like robots and I don't really so sorry Jason but we're going to go with MSCI this time around