Guy
2023-11-16

For a stock like $Amazon.com(AMZN)$ , its multiple could collapse -50% and you still get to ~10% IRR over 5 years because of FCF growth acceleration. Owning reliably profitable high growers (not all growth is created equal) takes a lot of the multiple guessing game out of your final returns.

I definitely dont recommend owning shitcos with unprofitable growth. But reliable growers like $MasterCard(MA)$ $Moody's(MCO)$ $Microsoft(MSFT)$ just to name a few will do just fine even if rates stay here for awhile. Futures Multiples are hard/impossible to guess, but I know they will grow FCF at good clip.

Which stock to add amid pullback this week?
The US stock market has rose for 4 consecutive weeks and is entering deep overbought territory. It's expected the market will pull back this week. ---------------- Which stock would you add to your portfolio if the market pulls back? At what price would you buy them?
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