Most entries absolutely trounced the S&P 500, with the exception of DECK (that had some major gains recently, and still beat S&P) and ESRX (that got acquired in Dec 2018).
Each of these companies had some major business/stock hiccups along the way, but emerged victorious. 🏆
It's amazing what a combination of a relentless 10+ yrs Bull Market, good economy, and some exceptional companies (with great Mgmts) creating/leveraging the major trends can do. ✌️
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Small adds to existing pos
$META (Social is done)
$NOW (Who needs IT monitoring anyway?)
$ALGN (Everyone from now one will have perfectly aligned teeth)
$SQ (hey guys, focus plz, actually)
$MDB (Recession will kill need for DBs).
Kidding aside, the next few qtrs are highly uncertain from a lot of aspects, but not all Cos are the same when it comes to credit dependence for capital stack/customer demand...
..cyclicality and severity of business impact during an actual recession, runway for core growth post any recession, ability to use this period to acquire smaller competitors etc.
I love investing quotes so much, that I tried coming up with 10 of them incorporating lessons for the current situation. Let me know if any of these resonate with you and which one's your fav
1⃣ The time of maximum pleasure (from all those recent/quick big gains) could actually be the time of maximum risk (when the forward R/R could be quite unfavorable).
The time of maximum pain (from all the recent losses & negative headlines) could actually be the time of maximum potential (as long as you're investing in high Quality Cos at attractive prices for a long-term hold).