Great article to read.
"Pity the poor saps who piled into shares of Alibaba Group Holding Ltd. when it was a $750 billion behemoth and the sky still appeared to be the limit."
washingtonpost.com/business/aliba…
"Pity the poor saps who piled into shares of Alibaba Group Holding Ltd. when it was a $750 billion behemoth and the sky still appeared to be the limit."
washingtonpost.com/business/aliba…
The decision-making question of when to pull the trigger — also known as timing — is one of the most important investing skills.
What has helped me is deliberate patience, preserving optionality, understanding the history of business cycles & behavioral economics (sentiment).
What has helped me is deliberate patience, preserving optionality, understanding the history of business cycles & behavioral economics (sentiment).
With benefit of hindsight, it looks far wiser to have waited on buying $BABA with an average entry in $140s (my current position) vs someone holding at $200 or even $250.
Patience: waiting for the opportunity to come to you (price & valuation) instead of you chasing it.
Patience: waiting for the opportunity to come to you (price & valuation) instead of you chasing it.
As for the Hang Seng, it has been struggling since its peak in 2007. Its valuation metrics have become very attractive.
Relative to the US tech sector, it definitely doesn't stand a chance of winning a popularity contest.
But maybe that is where value & distress can be found?
Relative to the US tech sector, it definitely doesn't stand a chance of winning a popularity contest.
But maybe that is where value & distress can be found?
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