MattR

It is simple in theory - It is difficult emotionally. I tend to cut my loses quickly, but don't let my winners run enough others let their winners run more, but also hold onto losers. The most successful investors have both. They are quick to change their minds and adapt to new circumstances, yet let their winners run.

Yes, because they forget the other side of the coin to cut loses quickly.

I hope that drives down the price of Helios Towers. Helios Towers seem like a good play.

Hi, I am working in IT, and they have a great product. However I don't see how they can built a moat around it, since every competitor offers very similar products.

Japan doesn't have inflation and I would argue that it is probably quite difficult at the moment to deploy cash for good returns due to the pandemic. So as long as they continue with their share buybacks I think it is ok. For me it is better they are conservative with their cash than being reckless.

What does the green point mean? Is there an option to see homebuilders from last year,to see who is rising and who is falling?

The angle is that people won't stop smoking, the stock is cheap as hell and I would say that all the tabacco brands are well positioned to take advantage of continued weed legalisations in the west.

I always do a simple DCF. I would say I am more on the Graham side than on the Growth side. My buy point is significantly under 3, so currently it is still too expensive for me.

They wouldn't mainly because Etsy would anger a lot of the people who do T-Shirt printing on their website. It would alienate half their customers as they can't be sure if Etsy will start to compete in their niche. No they don't, shouldn't matter what the report said. In a lot of countries they would be terribly sued. I am not sure if it is a bargain, but after the latest price retraction it is at least not expensive anymore.

His usual options are around 2% of the portfolio. I guess if he is as bearish as he said, it is probably around 5%.

Depends. Amazon is such a big companies, they won't focus on building with such a small TAM. Etsy is more to give makers a way to sell their stuff. Etsy never once said that they have plans to use production - that would probably kill a lot of their sellers. Wish is cheap crap. Alibaba already competes with redbubble in the sense that you can write to the factories and request custom made items, however that isn't as easy - as just uploading and clicking two buttons.

There are many reason one sells. There is only one reason to buy.

But they still grow at a ridicoulous rate. Even the cloud sector where a lot found it to be disappointed grew 50% YoY.

annual active users are double counted, so people who bought from both are counted as two users instead of just one. I know he only orders brands on Tmall websites since most of the companies have a store there anyway and shipping and returns are must faster.

He just wrote back. He describes himself as upper middle class in Shanghai and spend 62158.26 yuan so 9627.69$ last year. He said quite a lot was for a new laptop, but that others order more often than he does and that the general spending level in cities is very similar. While he doesnt't many also order toiletries and canned food from Taobao. He also said: Don't trust all the numbers, as he thinks they are double counted for tmall and taobao