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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: petal who wrote (66708)	2/28/2021 10:32:05 AM
From: Madharry	Respond to of 78774

i agree. I would love to buy baba at a p.e of 10-15 but i dont see that happening anytime soon. the question is you are always competing with other investors in determining the price of a security. and what do you see in terms of growth and comparisons and expectations compared to others. now what I see in baba is a company that has been extraordinarily successful. that has figured out a way to expand successfully into lots of other business and that dominates its market which happens to be the largest marketplace in the world in terms of consumers. To me this looks like a unique stock. I dont know that it will last forever but It should last a long time. I have decided I am willing to pay a premium price for a stock like that. this is not the only stock that I own and probably 50% of my portfolio pays good distributions and dividends. I am also at the point where I just need 8% overall return for my porttfolio to be comfortable . On a philosophical level I agree that buying into a wonderful small very undervalued company is preferable. but we dont see too many of those around. and fraud in all of its facets is very prevalent too. the chances of me finding one of those on my own is remote. there is a higher likelihood that one of the mammoths who have their pulse on everything thats going on will either develop a new division that turns out to be a huge money maker or acquire some private or company that will do the same. As an investor we compete with other investors, money managers , companies all of whom have access to better information than we do. When you buy shares you are usually buying them from someone who has more information about the company than you do. I just wonder when bitcoin inevitably crashes whether it will take the stock market with it and you will have opportunities like march 2020 again.