A thread
$ROKU
* Three years ago today, consensus analyst estimate for 2021 revenue was $1.5B.
* Today it is $2.6B, fully 73% higher.
COVID didn't "pull forward" growth that will "revert."
It changed the world permanently.
/1
$ROKU
* Three years ago today, consensus analyst estimate for 2021 revenue was $1.5B.
* Today it is $2.6B, fully 73% higher.
COVID didn't "pull forward" growth that will "revert."
It changed the world permanently.
/1
A 'scan' for growth can leave you knowing 10% thinking you know 90%.
It happens to all of us.
It takes work to be a stock picker.
It takes a willingness to sit in an underappreciated stock where 'underappreciated' is code for bad returns...
... until they aren't.
/2
It happens to all of us.
It takes work to be a stock picker.
It takes a willingness to sit in an underappreciated stock where 'underappreciated' is code for bad returns...
... until they aren't.
/2
I call this patience 'perspective,' but w/e. It's all the same thing.
Either you have it or you do not.
Charlie Munger said it well (image).
Morgan Housel said it well too:
The Agony of High Returns:
fool.com/investing/gene…
/3
Either you have it or you do not.
Charlie Munger said it well (image).
Morgan Housel said it well too:
The Agony of High Returns:
fool.com/investing/gene…
/3
A growth stock down 50% multiple times is normal.
If that doesn't fit your style, honor yourself; love yourself.
It's not a matter of intellect, it's a matter of taste.
Find your style.
If it's growth, buckle the up. It's a bumpy ride.
4/4
If that doesn't fit your style, honor yourself; love yourself.
It's not a matter of intellect, it's a matter of taste.
Find your style.
If it's growth, buckle the up. It's a bumpy ride.
4/4
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