written by reader Travis -Oh great cynical leader

By rlevine99, December 2, 2020

My day job had really cut into my investment fantasy world these past few months but the first thing i did after 4 months of 60:hour weeks and being way too close to the virus was re-up my scrip with the Gumshoe and start reading fervishly. 4 months away had me forgetting how brilliant and cynical you are as you seem to be capable of taking anything that sounds like an amazing innovation or investment opportunity and making it sound like snake oil or pet rocks.
Your analysis is exceptional and i suppose it is necessary to counter our unbridled optimism and fomo and lack of fixed-income opportunities with your cold-as-ice, been there, done that, keep it moving, “nothing to see here try the veal next time” approach and writing style. With all that pleasantry and hyperbole out of the way, would you be kind enough to answer 2 questions for me.
A) Would you be able to name the the last 3 stocks/pitches that you were essentially all-in on.
B) Are you ever tempted to re-calibrate your settings in light of the liquidity splashing around the markets and the suspension even by many long-time market mavens of any sense of appropriate multiples pertaining to growth and valuation?
As always , time away creates perspective and it took only 2 days of reading through the last few months pitches to recognize how great this site is and how unique it is in the investment world, both in terms of value as well as entertainment. Thank you, Richard Levine

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



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Travis Johnson, Stock Gumshoe
December 3, 2020 10:59 am

Thanks… and welcome back!

A) I don’t like the idea of being “all in” on a stock — the world is not so binary as the teaser pitches would have us believe. But I have invested in several stocks that have also been actively teased over the past year or so, generally because I thought the future growth potential was higher than is commonly believed or because the business model is really well-positioned for scalability (meaning it can compound on itself and become more profitable as it goes, preferably within a market or niche that itself is growing rapidly). Of the investments I’ve made this year my first thought would be to put Roku (ROKU), Fastly (FSLY), Chewy (CHWY), and Goosehead Insurance (GSHD) in those categories. Others are more “what if” speculative but still fairly compelling over a longer term if their market leadership hits a larger marketplace, like Unity Software (U) or Teladoc (TDOC). I think all of those have been teased at one point or another this year by a few of the big newsletter pundits, sometimes I owned them before that and sometimes I bought after researching a teaser pitch for them.

B) I don’t know what you mean by “recalibrate your settings” in a general sense ̵