SPOT is still up nearly 100%
$Spotify Technology S.A.(SPOT)$
Shares are down 9% but that’s because the valuation is going from crazy to less crazy. Over the past year the stock is still up nearly 100%.
Cost basis in the Asymmetric Portfolio is $165.26. The price we buy stocks still matters.
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PS: The best investors are on a constant learning journey.
Buffett started buying "cigar butt" stocks and evolved to a buy-and-hold strategy.
Bill Gurley has made a fortune on internet companies and the internet didn't even exist when he started.
Learn, implement, repeat.
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