Originally Posted by
TegridyFarms
I’ll respectfully disagree.
https://www.computerworld.com/articl...s-history.html
I remember when AMZN has its first full profitable year. I spent an entire semester of college in business school discussing AMZN vs WMT. Logistics. Balance sheets. Supply. Demand. Everything. Amazon would never ever ever ever exceed WMT. AMZN was around $45-50 at that time. We all had the same consensus. I watched for two years using the same little tools and everything you had in your post. Amazon was over priced. Revenue wasn’t enough, wasn’t sustainable, etc.
That was at $50-200 a share. Now $3,229 a share. Insane.
Same concept with Netflix. The biggest effing fail of my life was listening to some zacks or morning star garbage about how a company that mailed DVDs was overvalued at $40.
Not even a decade later my small investment would be worth $600,000 had I kept that money in NFLX.
Bottom line is—do your own due diligence and look at the future, study a company, and know the financials behind what they’re doing. Don’t give a rip what some widget on a website says about a stocks share price.
Trip 7–I have TSLA. I had 68 shares. Then reverse split this summer announced. 5:1. $17,700 is what I paid for that. That investment is now worth a small house.
Same with AAPL. That thought process that you presented isn’t a blanket approach.
Love this post! So true in so many ways. I maintain that you gotta do what let’s you sleep easy at night. If Morningstar does that, more power. I would lose sleep over missing out on investing in great companies, personally since that would mean I’d have to work until 65. So far, I’m ahead of schedule for an age 55 retirement, so I may need to go “part time” eventually.