Tuesday, 15 February 2022

"Never change things by fighting the existing reality.........to change something build a new model that makes the existing model obsolete."

Food for thought.

"~2/3 of stocks underperform the index, ~50% have no ROR, ~25% go to zero. It’s these big outliers that really make [all] the performance. The power law of investing, 5-10% of stocks generate all the returns."



Thursday, 10 February 2022

Monday, 7 February 2022

"5-10 year time horizon"?

Averaging down on her 11 mil. share debacle, the media felt safe betting on SKLZ because the stock was down 75% and Cathie was still bullish based on fundamentals.

How much lower can it go? Answer: 67% MORE before she sold it. All in less than 6 mos.