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Haha, this time I'm pretty bearish. Lot's of uncontrollable factors and uncertainties converging: high valuation, decelerating growth due to unforeseen factors (fines, regulations, scandals, breaches etc.) higher base earnings to compare to (in the case of Amazon, with their last year revenues so high; can they still outperform in growth?), political unrest (mid-terms election, populist government taking power, Brexit), hyper/inflation in some of the weaker markets (Turkey, India, Argentina, Venezuela etc.), trade war, rising rates.
I am actually already selling stocks, probably a little too late (already 18% off peak).
Telsa my position not big, may still be a good hold, given how close they are to profitability/cash flow positive, and how close the traditional US auto industry is to imploding.
Guess my temperament doesn't allow me to sit on my ass, unlike what my signature suggest.
I am actually already selling stocks, probably a little too late (already 18% off peak).
Telsa my position not big, may still be a good hold, given how close they are to profitability/cash flow positive, and how close the traditional US auto industry is to imploding.
Guess my temperament doesn't allow me to sit on my ass, unlike what my signature suggest.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger