It's just an incredible feeling of being invested in businesses that are firing on all cylinders operationally & financially.
Few exs : $ZM $MELI $SE $ETSY $SQ $PINS $ROKU $CRWD $PTON $TDOC $TWLO (long all).
Favs in Watchlist👀 $FVRR $CHWY $DDOG $PYPL $PDD
Few exs : $ZM $MELI $SE $ETSY $SQ $PINS $ROKU $CRWD $PTON $TDOC $TWLO (long all).
Favs in Watchlist👀 $FVRR $CHWY $DDOG $PYPL $PDD
You can be skeptical of their stock run-ups or concerned about their current valuations, but you cannot take away their incredible Business performances over the last year.
It's fair to be concerned about their Valuations, but even if growth slows down compared the last few Qtrs (expected in many cases), these Business are on a different trajectory compare to pre-COVID.
The Customer (Consumer/Business) awareness they gained, the incredible innovation they produced, the operational experience they gained with quick scaling (along with cheap capital raises done in 2020) are all going to benefit them for a long time.
I'm leaning more towards "Yes, even if the multiple compresses in the short term, the actual Business strength plus decent multiple over the medium term, would still produce some great returns long-term. Especially if you're adding to them over time as they continue to execute".
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