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YZ's avatar

As with many things in investing, easy to say and think but when comes to execution a whole different game . As you said it is “makes sense” but most when when you look back as past is already defined the future is not.

One thing I wanted to add regarding buying (I think it was second) in the range and “maybe you didn’t see and too optimistic while market was not”

I believe there has been many cases where the underline number “have been rising” and yet stock was lagging so maybe this time you were not it doesn’t mean next time you are correct. What I mean just because stock doesn’t move does not mean that company is not executing well

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Brian McCann's avatar

Agreed. I have had a lot of success with companies where the stock price goes nowhere while the company executes well. This was an earlier stage company so I think I convinced myself there was more happening that there really was.

In general, I’d say you are much more likely to do well in a company where you are paying up as the stock price rises. After all eventually people need to agree with your thesis for it to be successful.

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YZ's avatar

I personally can’t agree with you on regarding paying up as the stock price rises, although that could be because I generally have easier time buying up stock when the stock price is going down vs going up (it’s something I’m trying to learn more on but honestly it’s not coming to me easily)

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