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Eddy's avatar

I don't know. There is always going to be companies that we can't predict. I think this is one of them. Skin care? Why are these products selling like hotcakes? That is what I want to know. Is it a fad in China more than quality products that will appeal universally? I can hear your frustration here. But this is more gamble than insight. Nothing wrong with a small gamble either. It might be a huge winner, and if it is you want to ride it. But currently my watchlist of star studded companies has become larger than my cash kitty. I have more ideas than cash. The problem isn't ideas at this juncture in the market. The problem is valuation of the whole damn market. No margin of safety there either. Why else is Warren selling stocks like Apple, and BOA like they are suddenly lepers? I am fine sitting here on the sidelines with 40% of my money in stocks,funds etc.. Patience, patience, patience. The world will serve you on a silver platter if you wait long enough. Ted Williams, the only player ever to hit 400, did so because he was super selective about the pitches he would swing at. I am going to let a few strikes go by and probably become a little frustrated that the ball isn't coming to me when I am ready for it. I know the game. The game is cycles. Markets will be at your beckon call before long.

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Maarten massart's avatar

Kevin, as always I find your articles very insightful, one should always learn from his mistakes. I looked into Cava a year, I found valuation too high and still share price doubled, sometimes the market follows the story and not the essentials

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