Leon26 personal page - To The Moon

Leon26

Leon26

專打秋風

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2022-05-19

$Grab Holdings(GRAB)$Up Sell Down buy and repeat

2022-05-12

Let see

2022-03-19

$Grab Holdings(GRAB)$Finally…Tiger Year For Tiger👍👍👍

2022-03-18

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夜读 | 暴涨暴跌下的冷思考

2022-03-18

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referrerpolicy=\"no-referrer\"/></p><p><b>很明显，股票的收益率长期是最好的，这一规律在中国也同样适用。</b>也就是说，在过去几十上百年时间中，股票投资的长期回报率是最高的。尤其优质公司，可以长期跑赢货币供应量的扩张，但股票投资是有门槛的。</p><p>2.<b>高波动性</b>是股票市场的显著特征，而这种波动性往往不可预测。有句话说的好，<b>你能穿越多少波动，就能获得多少财富，穿越的波动越大，财富收获越大。</b>而对于能够穿越波动的人，他们的经验是多年堆积起来的阅历。</p><p>很多人去采访投资大咖们如何长期获得稳定收益，我总结了一下，都会提到几个原则：</p><p>首先是<b>逆向投资</b>原则，学会在低迷期投资；其次是<b>分散投资</b>原则，选不同行业的股票去投资，不要把鸡蛋放在同个篮子里；最后是<b>长期投资</b>原则，市场短期是无效的，但长期总会反映企业的内在价值。</p><p><b>3.高增长的企业很重要，能够持续增长的企业更重要。</b>什么是增长？就是企业家不断创造价值，也许是新的产品需求，也许是更广阔的市场空间。</p><p>我们把股票市值的增长建立在企业发展的基础上，和伟大的企业家同行。努力去研究那些<b>不可被复制</b>，而且<b>商业模式具备可持续性、产品需求在不断扩大的公司</b>，也只有这样的公司才能不断的复利增长，最终让你的财富稳步前进，分享到时代和成长的红利。</p><p><b>4.谨慎做空。</b>昨天富时中国指数三倍做空指数在涨了3倍后，直接跌63.11%，回到起涨点。</p><p>2020年美股经历疫情后的快速下杀，也不乏很多做空者参与其中，但快速下跌后快速拉起，<b>做空资金很快就被狙杀了</b>。市场是不可预测的，而且波动非常大，想靠做空长期获利是非常困难的。</p><p>华人投资家李录说过一个故事：2008年金融危机中最成功的大空头——<b>保尔森</b>，狂赚200亿美元，《华尔街日报》有个记者写了本书，说这是<b>史上最伟大的交易</b>。但随后，保尔森经历了炒黄金亏损，炒嘉汉林业亏损等。《彭博商业周刊》甚至在封面上<b>把保尔森称为“大失败者”。</b></p><p>如果做多，上涨的空间是无限的，下跌是100%，但是做空，上涨的空间是100%，下跌是无限的。其次，做空时候，即使你百分之百正确，也有可能破产，在市场证明你正确之前，有时候需要很长时间。再者，做空会扰乱你的思维，让你不能保持专注。</p><p><b>从一个更长期的视角来看，人类的经济总体上一直在持续增长，这个大的趋势更有利于做多而不是做空。</b>与其做空，不如做多，去分享增长带来的收益。</p><p>巴菲特在2021年致股东的信里说：<b>永远不要做空自己的祖国。</b></p></body></html>","source":"lsy1647515315065","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n夜读 | 暴涨暴跌下的冷思考\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 22:59 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/U529nIH2SRw1jL7qVCPqIQ><strong>格隆商学院</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>这几天市场的暴涨暴跌，牵动着千万人的心，哪怕不炒股的人看到这波澜壮阔的大波动也算是见证了历史。面对高波动市场，今天我们就不聊别的，给大家总结一些顶级投资大咖们的经验之谈，一起冷静思考。1.如果你的亲朋好友们很焦虑高通胀下，资产如何保值。你可以告诉他们一些历史数据。沃顿商学院西格尔教授，统计了美国200年历史中四大类资产去除通胀后的投资回报。其中股票上涨了75万倍，年化收益率最高，达到6%-7%；...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/U529nIH2SRw1jL7qVCPqIQ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/18f26a21557b2b9fbf841d276ecb7796","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/U529nIH2SRw1jL7qVCPqIQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126090936","content_text":"这几天市场的暴涨暴跌，牵动着千万人的心，哪怕不炒股的人看到这波澜壮阔的大波动也算是见证了历史。面对高波动市场，今天我们就不聊别的，给大家总结一些顶级投资大咖们的经验之谈，一起冷静思考。1.如果你的亲朋好友们很焦虑高通胀下，资产如何保值。你可以告诉他们一些历史数据。沃顿商学院西格尔教授，统计了美国200年历史中四大类资产去除通胀后的投资回报。其中股票上涨了75万倍，年化收益率最高，达到6%-7%；债券上涨了1083倍；黄金上涨1.95倍；而美元现金从1下降到0.06。很明显，股票的收益率长期是最好的，这一规律在中国也同样适用。也就是说，在过去几十上百年时间中，股票投资的长期回报率是最高的。尤其优质公司，可以长期跑赢货币供应量的扩张，但股票投资是有门槛的。2.高波动性是股票市场的显著特征，而这种波动性往往不可预测。有句话说的好，你能穿越多少波动，就能获得多少财富，穿越的波动越大，财富收获越大。而对于能够穿越波动的人，他们的经验是多年堆积起来的阅历。很多人去采访投资大咖们如何长期获得稳定收益，我总结了一下，都会提到几个原则：首先是逆向投资原则，学会在低迷期投资；其次是分散投资原则，选不同行业的股票去投资，不要把鸡蛋放在同个篮子里；最后是长期投资原则，市场短期是无效的，但长期总会反映企业的内在价值。3.高增长的企业很重要，能够持续增长的企业更重要。什么是增长？就是企业家不断创造价值，也许是新的产品需求，也许是更广阔的市场空间。我们把股票市值的增长建立在企业发展的基础上，和伟大的企业家同行。努力去研究那些不可被复制，而且商业模式具备可持续性、产品需求在不断扩大的公司，也只有这样的公司才能不断的复利增长，最终让你的财富稳步前进，分享到时代和成长的红利。4.谨慎做空。昨天富时中国指数三倍做空指数在涨了3倍后，直接跌63.11%，回到起涨点。2020年美股经历疫情后的快速下杀，也不乏很多做空者参与其中，但快速下跌后快速拉起，做空资金很快就被狙杀了。市场是不可预测的，而且波动非常大，想靠做空长期获利是非常困难的。华人投资家李录说过一个故事：2008年金融危机中最成功的大空头——保尔森，狂赚200亿美元，《华尔街日报》有个记者写了本书，说这是史上最伟大的交易。但随后，保尔森经历了炒黄金亏损，炒嘉汉林业亏损等。《彭博商业周刊》甚至在封面上把保尔森称为“大失败者”。如果做多，上涨的空间是无限的，下跌是100%，但是做空，上涨的空间是100%，下跌是无限的。其次，做空时候，即使你百分之百正确，也有可能破产，在市场证明你正确之前，有时候需要很长时间。再者，做空会扰乱你的思维，让你不能保持专注。从一个更长期的视角来看，人类的经济总体上一直在持续增长，这个大的趋势更有利于做多而不是做空。与其做空，不如做多，去分享增长带来的收益。巴菲特在2021年致股东的信里说：永远不要做空自己的祖国。","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035115620,"gmtCreate":1647533533152,"gmtModify":1676534241746,"author":{"id":"4087311166218370","authorId":"4087311166218370","name":"Leon26","avatar":"https://static.tigerbbs.com/55118b8f082620c6f39bfef402073c9d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087311166218370","authorIdStr":"4087311166218370"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035115620","repostId":"2219355766","repostType":2,"repost":{"id":"2219355766","kind":"highlight","pubTimestamp":1647509760,"share":"https://ttm.financial/m/news/2219355766?lang=&edition=fundamental","pubTime":"2022-03-17 17:36","market":"us","language":"en","title":"Want 100x Returns? 1 Small-Cap Stock to Buy Now and Hold for the Long Term","url":"https://stock-news.laohu8.com/highlight/detail?id=2219355766","media":"Motley Fool","summary":"This beaten-down growth stock could make you richer in the long run.","content":"<html><head></head><body><p>When applied to investing, the Pareto Principle (also known as the 80-20 rule) suggests that 20% of the stocks in a portfolio will generate 80% of the returns. That makes sense. After buying a stock, the worst outcome is a loss of 100%, but there is no limit on the upside. Given enough time, a stock could grow tenfold, 50-fold, or even 100-fold in value. That&#39;s <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason a long-term outlook is so important.</p><p>With that in mind, I think <b>Lemonade</b> (NYSE:LMND) could generate 100x returns in the next 15 to 20 years. The past few quarters have been difficult for the business, as high inflation and potential interest rate hikes have compounded the fallout of a somewhat disappointing financial performance. For that reason, Lemonade stock has fallen 85% from its high. But with investor sentiment circling the drain, now could be a smart time to buy a few shares.</p><p>Here&#39;s what you should know.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/52313617f5d1c6fe9dc2d5ea3cd1cd62\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>A disruptive business model</h2><p>Lemonade is an insurance company that leans on artificial intelligence to make its business more efficient and customer-friendly. For instance, its digital-first platform does away with agents and paperwork. Instead, consumers interact with intelligent chatbots to purchase insurance and file claims, which keeps Lemonade&#39;s payroll expenses low. In fact, management believes its customer acquisition costs are tenfold lower than a traditional insurance company.</p><p>Better yet, Lemonade&#39;s digital platform is built to capture a volume and variety of data that legacy systems can&#39;t match. The company collects about 100 times more data points per customer, which should (eventually) allow Lemonade to quantify risk more precisely, meaning its loss ratio (i.e., claims payments as a percent of premiums) should be lower than the industry average. In turn, by paying less in claims (and spending less on payroll), the company should be able to undercut its competitors on price.</p><h2>A disappointing financial performance</h2><p>Unfortunately, Lemonade posted a loss ratio of 90% last year, which compares poorly to the industry average of approximately 70% through the first half of 2021. However, the company posted a loss ratio of 71% in 2020, and management attributes the recent spike to strong growth in newer product offerings -- like homeowners and pet insurance -- which have a higher loss ratio than the company&#39;s more mature renters insurance business.</p><p>However, losses in the homeowners and pet insurance verticals are decreasing, and management expects all lines of business to eventually achieve a loss ratio below 75%. Shareholders should be encouraged by that news.</p><p>Additionally, Lemonade&#39;s focus on a frictionless user experience helped it reach 1.4 million customers in 2021, up 43% from the prior year. And the average customer spent 25% more, as more people added additional policies (e.g., pet insurance) or graduated to more expensive coverage (e.g., upgraded from renters to homeowners coverage).</p><p>To that end, gross profit grew 26% to $31.2 million, though Lemonade remains unprofitable on a GAAP basis, and the company generated negative free cash flow of $154 million over the past year.</p><h2>A chance for 100x returns</h2><p>Looking ahead, Lemonade&#39;s recently launched auto insurance product could be a significant catalyst, as it brings its addressable market to over $400 billion in the U.S. alone. More importantly, the company&#39;s current clientele already spends $1 billion on auto insurance each year, meaning the cross-sell opportunity is significant.</p><p>To accelerate its entrance into the space, Lemonade plans to acquire AI-powered car insurance provider Metromile for $500 million in stock. Once complete, that move would allow Lemonade to incorporate Metromile&#39;s proprietary driving data into its own AI models.</p><p>Here&#39;s the big picture: Lemonade is a small-cap company with a big market opportunity and a differentiated business model. Currently, the stock has a price-to-book ratio of 1.1, meaning it&#39;s cheaper than rivals like <b>Allstate</b> and <b>Progressive</b>, which trade at 1.5 times book and 3.5 times book, respectively. But if Lemonade can continue to win customers and grow its top line while bringing its loss ratio down, I think this disruptive company -- which is currently worth just over $1 billion -- could grow 100-fold in value over the next 15 to 20 years.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Want 100x Returns? 1 Small-Cap Stock to Buy Now and Hold for the Long Term</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWant 100x Returns? 1 Small-Cap Stock to Buy Now and Hold for the Long Term\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 17:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/16/want-100x-returns-1-small-cap-stock-to-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When applied to investing, the Pareto Principle (also known as the 80-20 rule) suggests that 20% of the stocks in a portfolio will generate 80% of the returns. That makes sense. After buying a stock, ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/16/want-100x-returns-1-small-cap-stock-to-buy-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4107":"财产与意外伤害保险","BK4551":"寇图资本持仓","LMND":"Lemonade, Inc.","BK4549":"软银资本持仓","BK4535":"淡马锡持仓"},"source_url":"https://www.fool.com/investing/2022/03/16/want-100x-returns-1-small-cap-stock-to-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2219355766","content_text":"When applied to investing, the Pareto Principle (also known as the 80-20 rule) suggests that 20% of the stocks in a portfolio will generate 80% of the returns. That makes sense. After buying a stock, the worst outcome is a loss of 100%, but there is no limit on the upside. Given enough time, a stock could grow tenfold, 50-fold, or even 100-fold in value. That's one reason a long-term outlook is so important.With that in mind, I think Lemonade (NYSE:LMND) could generate 100x returns in the next 15 to 20 years. The past few quarters have been difficult for the business, as high inflation and potential interest rate hikes have compounded the fallout of a somewhat disappointing financial performance. For that reason, Lemonade stock has fallen 85% from its high. But with investor sentiment circling the drain, now could be a smart time to buy a few shares.Here's what you should know.Image source: Getty Images.A disruptive business modelLemonade is an insurance company that leans on artificial intelligence to make its business more efficient and customer-friendly. For instance, its digital-first platform does away with agents and paperwork. Instead, consumers interact with intelligent chatbots to purchase insurance and file claims, which keeps Lemonade's payroll expenses low. In fact, management believes its customer acquisition costs are tenfold lower than a traditional insurance company.Better yet, Lemonade's digital platform is built to capture a volume and variety of data that legacy systems can't match. The company collects about 100 times more data points per customer, which should (eventually) allow Lemonade to quantify risk more precisely, meaning its loss ratio (i.e., claims payments as a percent of premiums) should be lower than the industry average. In turn, by paying less in claims (and spending less on payroll), the company should be able to undercut its competitors on price.A disappointing financial performanceUnfortunately, Lemonade posted a loss ratio of 90% last year, which compares poorly to the industry average of approximately 70% through the first half of 2021. However, the company posted a loss ratio of 71% in 2020, and management attributes the recent spike to strong growth in newer product offerings -- like homeowners and pet insurance -- which have a higher loss ratio than the company's more mature renters insurance business.However, losses in the homeowners and pet insurance verticals are decreasing, and management expects all lines of business to eventually achieve a loss ratio below 75%. Shareholders should be encouraged by that news.Additionally, Lemonade's focus on a frictionless user experience helped it reach 1.4 million customers in 2021, up 43% from the prior year. And the average customer spent 25% more, as more people added additional policies (e.g., pet insurance) or graduated to more expensive coverage (e.g., upgraded from renters to homeowners coverage).To that end, gross profit grew 26% to $31.2 million, though Lemonade remains unprofitable on a GAAP basis, and the company generated negative free cash flow of $154 million over the past year.A chance for 100x returnsLooking ahead, Lemonade's recently launched auto insurance product could be a significant catalyst, as it brings its addressable market to over $400 billion in the U.S. alone. More importantly, the company's current clientele already spends $1 billion on auto insurance each year, meaning the cross-sell opportunity is significant.To accelerate its entrance into the space, Lemonade plans to acquire AI-powered car insurance provider Metromile for $500 million in stock. Once complete, that move would allow Lemonade to incorporate Metromile's proprietary driving data into its own AI models.Here's the big picture: Lemonade is a small-cap company with a big market opportunity and a differentiated business model. Currently, the stock has a price-to-book ratio of 1.1, meaning it's cheaper than rivals like Allstate and Progressive, which trade at 1.5 times book and 3.5 times book, respectively. But if Lemonade can continue to win customers and grow its top line while bringing its loss ratio down, I think this disruptive company -- which is currently worth just over $1 billion -- could grow 100-fold in value over the next 15 to 20 years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9035589379,"gmtCreate":1647639660939,"gmtModify":1676534252914,"author":{"id":"4087311166218370","authorId":"4087311166218370","name":"Leon26","avatar":"https://static.tigerbbs.com/55118b8f082620c6f39bfef402073c9d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087311166218370","idStr":"4087311166218370"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>Finally…Tiger Year For Tiger👍👍👍","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>Finally…Tiger Year For Tiger👍👍👍","text":"$Grab Holdings(GRAB)$Finally…Tiger Year For Tiger👍👍👍","images":[{"img":"https://community-static.tradeup.com/news/12ed5ae8d8203def8af44d87716244f0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035589379","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9021082697,"gmtCreate":1652974289319,"gmtModify":1676535200009,"author":{"id":"4087311166218370","authorId":"4087311166218370","name":"Leon26","avatar":"https://static.tigerbbs.com/55118b8f082620c6f39bfef402073c9d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087311166218370","idStr":"4087311166218370"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>Up Sell Down buy and repeat","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>Up Sell Down buy and repeat","text":"$Grab Holdings(GRAB)$Up Sell Down buy and repeat","images":[{"img":"https://community-static.tradeup.com/news/ef2e31c23672bbec75c114dd8ec16edd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021082697","isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9035114322,"gmtCreate":1647533799672,"gmtModify":1676534241754,"author":{"id":"4087311166218370","authorId":"4087311166218370","name":"Leon26","avatar":"https://static.tigerbbs.com/55118b8f082620c6f39bfef402073c9d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087311166218370","idStr":"4087311166218370"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035114322","repostId":"1126090936","repostType":2,"repost":{"id":"1126090936","kind":"news","pubTimestamp":1647529154,"share":"https://ttm.financial/m/news/1126090936?lang=&edition=fundamental","pubTime":"2022-03-17 22:59","market":"hk","language":"zh","title":"夜读 | 暴涨暴跌下的冷思考","url":"https://stock-news.laohu8.com/highlight/detail?id=1126090936","media":"格隆商学院","summary":"这几天市场的暴涨暴跌，牵动着千万人的心，哪怕不炒股的人看到这波澜壮阔的大波动也算是见证了历史。面对高波动市场，今天我们就不聊别的，给大家总结一些顶级投资大咖们的经验之谈，一起冷静思考。1.如果你的亲朋","content":"<html><head></head><body><p>这几天市场的<b>暴涨暴跌</b>，牵动着千万人的心，哪怕不炒股的人看到这波澜壮阔的大波动也算是见证了历史。</p><p>面对高波动市场，今天我们就不聊别的，给大家总结一些顶级投资大咖们的经验之谈，一起<b>冷静思考。</b></p><p>1.如果你的亲朋好友们很焦虑高通胀下，<b>资产如何保值</b>。你可以告诉他们一些历史数据。沃顿商学院西格尔教授，统计了美国200年历史中四大类资产去除通胀后的投资回报。其中<b>股票上涨了75万倍，年化收益率最高，达到6%-7%；</b>债券上涨了1083倍；黄金上涨1.95倍；而美元现金从1下降到0.06。</p><p><img src=\"https://static.tigerbbs.com/31988da7eb54da35ccaeb5d20bdea37a\" tg-width=\"1080\" tg-height=\"688\" referrerpolicy=\"no-referrer\"/></p><p><b>很明显，股票的收益率长期是最好的，这一规律在中国也同样适用。</b>也就是说，在过去几十上百年时间中，股票投资的长期回报率是最高的。尤其优质公司，可以长期跑赢货币供应量的扩张，但股票投资是有门槛的。</p><p>2.<b>高波动性</b>是股票市场的显著特征，而这种波动性往往不可预测。有句话说的好，<b>你能穿越多少波动，就能获得多少财富，穿越的波动越大，财富收获越大。</b>而对于能够穿越波动的人，他们的经验是多年堆积起来的阅历。</p><p>很多人去采访投资大咖们如何长期获得稳定收益，我总结了一下，都会提到几个原则：</p><p>首先是<b>逆向投资</b>原则，学会在低迷期投资；其次是<b>分散投资</b>原则，选不同行业的股票去投资，不要把鸡蛋放在同个篮子里；最后是<b>长期投资</b>原则，市场短期是无效的，但长期总会反映企业的内在价值。</p><p><b>3.高增长的企业很重要，能够持续增长的企业更重要。</b>什么是增长？就是企业家不断创造价值，也许是新的产品需求，也许是更广阔的市场空间。</p><p>我们把股票市值的增长建立在企业发展的基础上，和伟大的企业家同行。努力去研究那些<b>不可被复制</b>，而且<b>商业模式具备可持续性、产品需求在不断扩大的公司</b>，也只有这样的公司才能不断的复利增长，最终让你的财富稳步前进，分享到时代和成长的红利。</p><p><b>4.谨慎做空。</b>昨天富时中国指数三倍做空指数在涨了3倍后，直接跌63.11%，回到起涨点。</p><p>2020年美股经历疫情后的快速下杀，也不乏很多做空者参与其中，但快速下跌后快速拉起，<b>做空资金很快就被狙杀了</b>。市场是不可预测的，而且波动非常大，想靠做空长期获利是非常困难的。</p><p>华人投资家李录说过一个故事：2008年金融危机中最成功的大空头——<b>保尔森</b>，狂赚200亿美元，《华尔街日报》有个记者写了本书，说这是<b>史上最伟大的交易</b>。但随后，保尔森经历了炒黄金亏损，炒嘉汉林业亏损等。《彭博商业周刊》甚至在封面上<b>把保尔森称为“大失败者”。</b></p><p>如果做多，上涨的空间是无限的，下跌是100%，但是做空，上涨的空间是100%，下跌是无限的。其次，做空时候，即使你百分之百正确，也有可能破产，在市场证明你正确之前，有时候需要很长时间。再者，做空会扰乱你的思维，让你不能保持专注。</p><p><b>从一个更长期的视角来看，人类的经济总体上一直在持续增长，这个大的趋势更有利于做多而不是做空。</b>与其做空，不如做多，去分享增长带来的收益。</p><p>巴菲特在2021年致股东的信里说：<b>永远不要做空自己的祖国。</b></p></body></html>","source":"lsy1647515315065","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>夜读 | 暴涨暴跌下的冷思考</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n夜读 | 暴涨暴跌下的冷思考\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 22:59 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/U529nIH2SRw1jL7qVCPqIQ><strong>格隆商学院</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>这几天市场的暴涨暴跌，牵动着千万人的心，哪怕不炒股的人看到这波澜壮阔的大波动也算是见证了历史。面对高波动市场，今天我们就不聊别的，给大家总结一些顶级投资大咖们的经验之谈，一起冷静思考。1.如果你的亲朋好友们很焦虑高通胀下，资产如何保值。你可以告诉他们一些历史数据。沃顿商学院西格尔教授，统计了美国200年历史中四大类资产去除通胀后的投资回报。其中股票上涨了75万倍，年化收益率最高，达到6%-7%；...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/U529nIH2SRw1jL7qVCPqIQ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/18f26a21557b2b9fbf841d276ecb7796","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/U529nIH2SRw1jL7qVCPqIQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126090936","content_text":"这几天市场的暴涨暴跌，牵动着千万人的心，哪怕不炒股的人看到这波澜壮阔的大波动也算是见证了历史。面对高波动市场，今天我们就不聊别的，给大家总结一些顶级投资大咖们的经验之谈，一起冷静思考。1.如果你的亲朋好友们很焦虑高通胀下，资产如何保值。你可以告诉他们一些历史数据。沃顿商学院西格尔教授，统计了美国200年历史中四大类资产去除通胀后的投资回报。其中股票上涨了75万倍，年化收益率最高，达到6%-7%；债券上涨了1083倍；黄金上涨1.95倍；而美元现金从1下降到0.06。很明显，股票的收益率长期是最好的，这一规律在中国也同样适用。也就是说，在过去几十上百年时间中，股票投资的长期回报率是最高的。尤其优质公司，可以长期跑赢货币供应量的扩张，但股票投资是有门槛的。2.高波动性是股票市场的显著特征，而这种波动性往往不可预测。有句话说的好，你能穿越多少波动，就能获得多少财富，穿越的波动越大，财富收获越大。而对于能够穿越波动的人，他们的经验是多年堆积起来的阅历。很多人去采访投资大咖们如何长期获得稳定收益，我总结了一下，都会提到几个原则：首先是逆向投资原则，学会在低迷期投资；其次是分散投资原则，选不同行业的股票去投资，不要把鸡蛋放在同个篮子里；最后是长期投资原则，市场短期是无效的，但长期总会反映企业的内在价值。3.高增长的企业很重要，能够持续增长的企业更重要。什么是增长？就是企业家不断创造价值，也许是新的产品需求，也许是更广阔的市场空间。我们把股票市值的增长建立在企业发展的基础上，和伟大的企业家同行。努力去研究那些不可被复制，而且商业模式具备可持续性、产品需求在不断扩大的公司，也只有这样的公司才能不断的复利增长，最终让你的财富稳步前进，分享到时代和成长的红利。4.谨慎做空。昨天富时中国指数三倍做空指数在涨了3倍后，直接跌63.11%，回到起涨点。2020年美股经历疫情后的快速下杀，也不乏很多做空者参与其中，但快速下跌后快速拉起，做空资金很快就被狙杀了。市场是不可预测的，而且波动非常大，想靠做空长期获利是非常困难的。华人投资家李录说过一个故事：2008年金融危机中最成功的大空头——保尔森，狂赚200亿美元，《华尔街日报》有个记者写了本书，说这是史上最伟大的交易。但随后，保尔森经历了炒黄金亏损，炒嘉汉林业亏损等。《彭博商业周刊》甚至在封面上把保尔森称为“大失败者”。如果做多，上涨的空间是无限的，下跌是100%，但是做空，上涨的空间是100%，下跌是无限的。其次，做空时候，即使你百分之百正确，也有可能破产，在市场证明你正确之前，有时候需要很长时间。再者，做空会扰乱你的思维，让你不能保持专注。从一个更长期的视角来看，人类的经济总体上一直在持续增长，这个大的趋势更有利于做多而不是做空。与其做空，不如做多，去分享增长带来的收益。巴菲特在2021年致股东的信里说：永远不要做空自己的祖国。","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064444042,"gmtCreate":1652364593786,"gmtModify":1676535085727,"author":{"id":"4087311166218370","authorId":"4087311166218370","name":"Leon26","avatar":"https://static.tigerbbs.com/55118b8f082620c6f39bfef402073c9d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087311166218370","idStr":"4087311166218370"},"themes":[],"htmlText":"Let see","listText":"Let see","text":"Let see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064444042","isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035115620,"gmtCreate":1647533533152,"gmtModify":1676534241746,"author":{"id":"4087311166218370","authorId":"4087311166218370","name":"Leon26","avatar":"https://static.tigerbbs.com/55118b8f082620c6f39bfef402073c9d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087311166218370","idStr":"4087311166218370"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035115620","repostId":"2219355766","repostType":2,"repost":{"id":"2219355766","kind":"highlight","pubTimestamp":1647509760,"share":"https://ttm.financial/m/news/2219355766?lang=&edition=fundamental","pubTime":"2022-03-17 17:36","market":"us","language":"en","title":"Want 100x Returns? 1 Small-Cap Stock to Buy Now and Hold for the Long Term","url":"https://stock-news.laohu8.com/highlight/detail?id=2219355766","media":"Motley Fool","summary":"This beaten-down growth stock could make you richer in the long run.","content":"<html><head></head><body><p>When applied to investing, the Pareto Principle (also known as the 80-20 rule) suggests that 20% of the stocks in a portfolio will generate 80% of the returns. That makes sense. After buying a stock, the worst outcome is a loss of 100%, but there is no limit on the upside. Given enough time, a stock could grow tenfold, 50-fold, or even 100-fold in value. That&#39;s <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason a long-term outlook is so important.</p><p>With that in mind, I think <b>Lemonade</b> (NYSE:LMND) could generate 100x returns in the next 15 to 20 years. The past few quarters have been difficult for the business, as high inflation and potential interest rate hikes have compounded the fallout of a somewhat disappointing financial performance. For that reason, Lemonade stock has fallen 85% from its high. But with investor sentiment circling the drain, now could be a smart time to buy a few shares.</p><p>Here&#39;s what you should know.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/52313617f5d1c6fe9dc2d5ea3cd1cd62\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>A disruptive business model</h2><p>Lemonade is an insurance company that leans on artificial intelligence to make its business more efficient and customer-friendly. For instance, its digital-first platform does away with agents and paperwork. Instead, consumers interact with intelligent chatbots to purchase insurance and file claims, which keeps Lemonade&#39;s payroll expenses low. In fact, management believes its customer acquisition costs are tenfold lower than a traditional insurance company.</p><p>Better yet, Lemonade&#39;s digital platform is built to capture a volume and variety of data that legacy systems can&#39;t match. The company collects about 100 times more data points per customer, which should (eventually) allow Lemonade to quantify risk more precisely, meaning its loss ratio (i.e., claims payments as a percent of premiums) should be lower than the industry average. In turn, by paying less in claims (and spending less on payroll), the company should be able to undercut its competitors on price.</p><h2>A disappointing financial performance</h2><p>Unfortunately, Lemonade posted a loss ratio of 90% last year, which compares poorly to the industry average of approximately 70% through the first half of 2021. However, the company posted a loss ratio of 71% in 2020, and management attributes the recent spike to strong growth in newer product offerings -- like homeowners and pet insurance -- which have a higher loss ratio than the company&#39;s more mature renters insurance business.</p><p>However, losses in the homeowners and pet insurance verticals are decreasing, and management expects all lines of business to eventually achieve a loss ratio below 75%. Shareholders should be encouraged by that news.</p><p>Additionally, Lemonade&#39;s focus on a frictionless user experience helped it reach 1.4 million customers in 2021, up 43% from the prior year. And the average customer spent 25% more, as more people added additional policies (e.g., pet insurance) or graduated to more expensive coverage (e.g., upgraded from renters to homeowners coverage).</p><p>To that end, gross profit grew 26% to $31.2 million, though Lemonade remains unprofitable on a GAAP basis, and the company generated negative free cash flow of $154 million over the past year.</p><h2>A chance for 100x returns</h2><p>Looking ahead, Lemonade&#39;s recently launched auto insurance product could be a significant catalyst, as it brings its addressable market to over $400 billion in the U.S. alone. More importantly, the company&#39;s current clientele already spends $1 billion on auto insurance each year, meaning the cross-sell opportunity is significant.</p><p>To accelerate its entrance into the space, Lemonade plans to acquire AI-powered car insurance provider Metromile for $500 million in stock. Once complete, that move would allow Lemonade to incorporate Metromile&#39;s proprietary driving data into its own AI models.</p><p>Here&#39;s the big picture: Lemonade is a small-cap company with a big market opportunity and a differentiated business model. Currently, the stock has a price-to-book ratio of 1.1, meaning it&#39;s cheaper than rivals like <b>Allstate</b> and <b>Progressive</b>, which trade at 1.5 times book and 3.5 times book, respectively. But if Lemonade can continue to win customers and grow its top line while bringing its loss ratio down, I think this disruptive company -- which is currently worth just over $1 billion -- could grow 100-fold in value over the next 15 to 20 years.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Want 100x Returns? 1 Small-Cap Stock to Buy Now and Hold for the Long Term</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWant 100x Returns? 1 Small-Cap Stock to Buy Now and Hold for the Long Term\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-17 17:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/16/want-100x-returns-1-small-cap-stock-to-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When applied to investing, the Pareto Principle (also known as the 80-20 rule) suggests that 20% of the stocks in a portfolio will generate 80% of the returns. That makes sense. After buying a stock, ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/16/want-100x-returns-1-small-cap-stock-to-buy-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4107":"财产与意外伤害保险","BK4551":"寇图资本持仓","LMND":"Lemonade, Inc.","BK4549":"软银资本持仓","BK4535":"淡马锡持仓"},"source_url":"https://www.fool.com/investing/2022/03/16/want-100x-returns-1-small-cap-stock-to-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2219355766","content_text":"When applied to investing, the Pareto Principle (also known as the 80-20 rule) suggests that 20% of the stocks in a portfolio will generate 80% of the returns. That makes sense. After buying a stock, the worst outcome is a loss of 100%, but there is no limit on the upside. Given enough time, a stock could grow tenfold, 50-fold, or even 100-fold in value. That's one reason a long-term outlook is so important.With that in mind, I think Lemonade (NYSE:LMND) could generate 100x returns in the next 15 to 20 years. The past few quarters have been difficult for the business, as high inflation and potential interest rate hikes have compounded the fallout of a somewhat disappointing financial performance. For that reason, Lemonade stock has fallen 85% from its high. But with investor sentiment circling the drain, now could be a smart time to buy a few shares.Here's what you should know.Image source: Getty Images.A disruptive business modelLemonade is an insurance company that leans on artificial intelligence to make its business more efficient and customer-friendly. For instance, its digital-first platform does away with agents and paperwork. Instead, consumers interact with intelligent chatbots to purchase insurance and file claims, which keeps Lemonade's payroll expenses low. In fact, management believes its customer acquisition costs are tenfold lower than a traditional insurance company.Better yet, Lemonade's digital platform is built to capture a volume and variety of data that legacy systems can't match. The company collects about 100 times more data points per customer, which should (eventually) allow Lemonade to quantify risk more precisely, meaning its loss ratio (i.e., claims payments as a percent of premiums) should be lower than the industry average. In turn, by paying less in claims (and spending less on payroll), the company should be able to undercut its competitors on price.A disappointing financial performanceUnfortunately, Lemonade posted a loss ratio of 90% last year, which compares poorly to the industry average of approximately 70% through the first half of 2021. However, the company posted a loss ratio of 71% in 2020, and management attributes the recent spike to strong growth in newer product offerings -- like homeowners and pet insurance -- which have a higher loss ratio than the company's more mature renters insurance business.However, losses in the homeowners and pet insurance verticals are decreasing, and management expects all lines of business to eventually achieve a loss ratio below 75%. Shareholders should be encouraged by that news.Additionally, Lemonade's focus on a frictionless user experience helped it reach 1.4 million customers in 2021, up 43% from the prior year. And the average customer spent 25% more, as more people added additional policies (e.g., pet insurance) or graduated to more expensive coverage (e.g., upgraded from renters to homeowners coverage).To that end, gross profit grew 26% to $31.2 million, though Lemonade remains unprofitable on a GAAP basis, and the company generated negative free cash flow of $154 million over the past year.A chance for 100x returnsLooking ahead, Lemonade's recently launched auto insurance product could be a significant catalyst, as it brings its addressable market to over $400 billion in the U.S. alone. More importantly, the company's current clientele already spends $1 billion on auto insurance each year, meaning the cross-sell opportunity is significant.To accelerate its entrance into the space, Lemonade plans to acquire AI-powered car insurance provider Metromile for $500 million in stock. Once complete, that move would allow Lemonade to incorporate Metromile's proprietary driving data into its own AI models.Here's the big picture: Lemonade is a small-cap company with a big market opportunity and a differentiated business model. Currently, the stock has a price-to-book ratio of 1.1, meaning it's cheaper than rivals like Allstate and Progressive, which trade at 1.5 times book and 3.5 times book, respectively. But if Lemonade can continue to win customers and grow its top line while bringing its loss ratio down, I think this disruptive company -- which is currently worth just over $1 billion -- could grow 100-fold in value over the next 15 to 20 years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}