What if the first one happens and second one does not happen? i.e., retest will happen, but Cloud stocks won’t come down at that discount level?
See when stocks are down 2.5%, all your cloud stocks are green. The same will happen at retest or even down more !
Second, if market is at current stage - forever - we have to be happy, celebrate and enjoy. When this time goes down, it is beyond control level and long duration for recovery.
Remember the 80+ old man did not buy at 30% bottom,but cashed in ! He would do the same this qtr also ! He understands deep 10+ years ahead with his experience level. Analysts can write anything (nonsense) about him, wrong or out of date etc, but he is really master minded person.
BTW: Team ignore this comment if you do not like it.
How do you say passe? He is just having the same strategy (buy/hold) like you !
Second, he need not be richest man to prove his methods are working.
Over a period, we have seen technology changes and new technology replaces old and this is what happening in this field. In just 10 more years, Jim Simon team will surpass with his algorithm.
WB is a human computer in investment side. Jim Simon medallion team uses real computer in investment side.
Is it not true that there are more than one way to invest. There are more than one strategy and styles. For example, Carl Icahn is a successful investor but he lost big time on Hertz. One win or loss means nothing in big picture. If everyone wins all the bet, money will never change hands.
IMO, if you find early winners, when it was less than $50 or $100, like TSLA, SHOP, buy and hold is better than trading !
Long back tested SHOP, TSLA against TQQQ for last 4 years, and both win against TQQQ. The issue is related to single company TSLA or SHOP versus 100 tech companies index. At some time, bearish side, these two loses against TQQQ.
For TSLA, SHOP, you need to closely watch fundamentals and hard to get signals about possible turning point. If proper signals are found, these two are better, but I algorithmic way failed to get TSLA (Remember I used to trade TSLA, lost the track - left it the boat) signals.
For TQQQ, it is just market and turning points is more reliable data as TQQQ won’t go wild like the individual stocks, lot of reliability is built-in.
Higher your money, better to focus on reliability and index funds. For a long time frame, like 10+ years trading (not buy/hold), TQQQ is better than UPRO and rest of all indexes like Russell are not beating these TQQQ and UPRO.
BTW: This is not financial advise or stock advise.
First mentioned in Jul 17. Trading at ~$100. Now trading at $1041. 10x in 2 years. Big missed opportunity. Who say shouldn’t take advice from bloggers? You can so long is @marcus335
Traded at ~$30 in Jul 17. Now at $234. 8x in 2 years, not as good as SHOP but still damn good.
The issue is take a long time to appreciate a company, WB took like 40+ years to understand Apple. It took me 20+ years. SHOP is too new for old men like me to understand quickly. I need to be in 20+ years old to understand such companies quickly.