Netflix Stock: Let Your Winners Run; Tails, You Win

Whitney Tilson’s email to investors discussing tails, you win; essential wisdom from America’s best-performing stocks; let your winners run; my Netflix stock story; when the stock market doesn’t need the economy.Q2 2020 hedge fund letters, conferences and more3) A clear implication of the tail effects that Housel and Bessembinder talk about is that you have to let your winners run.How I wish I’d better understood this earlier in my career! I still get a knot in my stomach every time I think about Netflix (NFLX) because it was both my best investment – but, because I didn’t let it run, also my …

Read More

HEDGE accordingly