Some ideas on Vibe Coding, SaaS vs AI (10 Moats) and Guidewire Software program

Govt Abstract:

This submit doesn’t include any actionable funding recommendation however reasonably some private ramblings on Vibe coding and the try to investigate a selected Software program firm (Guidewire) in keeping with a Template of 10 Moats for Software program firms and their vulnerability to the AI risk.

Introduction:

My observe report as a Software program investor is to place it mildly, very poor. My finest Software program Funding up to now is Chapters Group which I purchased as a net-net earlier than it even turned a VMS Serial Acquirer. My weblog and portfolio archive additionally inform me that I bought Microsoft in 2011 at ~25$ per share with a 4% acquire as a result of I believed that the Workplace merchandise had no future. So please take every part I say about Software program with a grain of salt and even higher, simply ignore it.

I do have a background in Software program growth. Though I might not name it Software program growth however “Code butchering”. It began as an adolescent on a C64 with Primary and Assembler and ended within the late Nineteen Nineties with Cobol/PLSQL working for a big US Consulting Firm (sure, I used to be younger and wanted the cash). Realizing the velocity of monetary establishments, I might not be stunned if a few of my Spaghetti code would nonetheless be operating someplace….

Why am I saying this ? Due to course, Software program shares have been doing fairly poorly over the previous weeks/months. As well as, I additionally had the chance to mess around with Claude Code first hand.