Jun. 11 at 6:16 AM
$SPACZZX.P
A great post by Sean Peche of Ranmore Global Equity Fund.
"We all love a good story
But time and time again, investors pay too much for the “story”
Maybe they don’t want to risk missing out
Or maybe they hope “this time it will be different”
Except when you look down the list of worst performers over 5 years and remember these stocks being the poster child for the popular themes of the day,
You realize that it rarely is:
-99%
$BYND (Beyond Meat Inc.) , meat substitutes
-84%
$RIVN (Rivian Automotive) , EVs
-84%
$PYPL (PayPal Holdings) , Fintech
-73%
$ZAL.DE (Zalando) , fast fashion
-71%
$ZM (Zoom Video Communications Inc) , work from home
-67%
$DHER.DE (Delivery Hero SE) , food delivery
Will SpaceX be any different?"
I think not.
