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

To: Sean Collett who wrote (16)	2/14/2024 2:28:52 PM
From: Harshu Vyas	Read Replies (1) \| Respond to of 39

Disagree about QRTEA - there's definitely support there so that's not his reasoning for not buying more. Has been for months now. He bought at $0.8755. Potential descending triangle but the support is there at about $0.8. It's probably better for you (as an investor) if he's not in it. You get less naked buyers pushing the price up. You could be right about high portfolio turnover but see this from his MSN money articles which suggests that he trades and buys for the long-term - Before I get to today's pick, let me take a moment to respond to the recent suggestion that as a 29-year-old, I simply possess long-term investment horizons. Hmmm. Living in Silicon Valley proper, I could write volumes in response. Suffice it to say that the twentysomethings I meet are not often interested in my 10-to-20-year analysis horizons. Although you may trade frequently, the wind should be at your back. If all else fails, a long-term hold should pull you through. Maybe his high portfolio turnover has worked but I don't see how. What's the point of finding Apple in '98 at a cheap valuation only to sell it for 50%? That's what I was doing last year (instead of 50%, it was 30% and because I held my losers for longer and sold my winners fast, overall, I lost money - the maths just didn't work!) and I quickly found out it's stupidly risky as a long-term investing strategy. I don't believe that you can make sustainable profits in this way. Maybe that's the "genius" difference between him and I. As for value, it is tough to find right now with the market where it is at. Well, he's buying Google and Amazon. Two components of the Mag 7. I don't think he's that afraid. Oracle and Block, too! None of those are "cheap" or value. I would speculate most of his cash if probably tied up in foreign investments I think this is somewhat true, but I also think he's buying US securities and the ones he's holding for longer, he's hiding. Jmo. The China bottom may come in when Dr Burry finally throws in the towel on JD and BABA haha. I'm not a buyer yet - the Hang Seng looks like it could test its October 22 lows. I'm waiting to see if it breaks (in which case I stay away) or if it rebounds (in which case I buy) - either way, I'm not trying to time the bottom. I've got plenty of time to think over the political risk, too. Honestly, I don't trust these 13Fs one bit. I think Dr Burry's smart enough to know what he's doing when each one gets released - and retail and media fall into the trap every time. Well, fool me once, twice... I'm sick of it now. His tweets had some substance to them - these 13Fs are horror! (Or maybe my cynicism is taking hold of me.)