Total nonsense. Buffet employs an entire risk management team and he regularly sheds positions that turn out to lose regardless of his earlier convictions. You need to check out the 13Ds and other shareholding changes to see that you are simply wrong. Your line of reasoning makes zero sense. Treating unrealized pnl as if it did not exist is a surefire way to the poorhouse over the long term.
We have to assume some investors are simply keen to lose tons of money. They probably get the adrenaline rush out of it. They derive pleasure from it. It is an excellent idea to buy GPN if you have absolutely no intention of earning money. As of now, there is no indication GPN is on the uptrend. Anyway, great job trading against the trend!
He won't shed because the price goes down, it will be because something materially has changed with the company. I never said it doesn't exist.. It just doesn't matter. If you believe in the earnings prospects of a company a lower stock price is just an opportunity to buy more shares at an intrinsically discounted price.
GPN has only earned about 1.6B in free cash flow over the last twelve months. Which is about 6% of market cap and over 4% of the enterprise value.
This technically is true.. I like how you think. But again, its not a head and shoulders pattern he is looking at.
20,790 position. The market speaks for itself. That’s the only thing to listen to. Let’s see in 1W, 1M or even 3 months.
So you believe in the efficient market hypothesis? I personally do not. Maybe that's where the discrepancy lies.