Round9⃣. Let's go.
Holdings : $TDOC $SQ $COIN $ZS $MELI $W $ETSY
Just curious : $HD $BKNG $INTU $CVNA
Holdings : $TDOC $SQ $COIN $ZS $MELI $W $ETSY
Just curious : $HD $BKNG $INTU $CVNA
Between the high inflation (& resulting Fed action expectations), Russia-Ukraine escalation and the general negative sentiment towards growth Cos in the last few months - this is probably one of the worst weeks to be reporting results.
E-Commerce Cos have their own issues to deal with (tough Comps against COVID qtrs, Supply chain & Labor/wage issues..). Let's see what they delivered and guide.
If I buy specific positions to hold for the long-term (as long as Business is strengthening & opportunity cost is not high), I expect certain months & quarters like these.
That's par of the course of long-term investing.
That's par of the course of long-term investing.
Seeing the GFC & March 2020 up close and how silly prices can get to the downside and far away from intrinsic value when there's true fear in the Markets (I've no clue if we are anywhere close yet or if we'll go that far)...
..slowly buying solid/durable growth Cos at (close to) historically low valuations will usually result in pretty decent outcomes.
Yes the Fed tailwinds (like in March'09 & March'20) will help in expediting the favorable results...
Yes the Fed tailwinds (like in March'09 & March'20) will help in expediting the favorable results...
..but if the Business is truly growing its intrinsic value, the market prices will catch up sooner or later with the true value. That is the general bet I make when buying good Cos slowly during bad times (not rec).
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