Monolith Capital

The buy-and-hold mantra is dangerous, the way I see it applied by many here. I think Buffett advice has been greatly misunderstood and can do more damage than good if taken out of proper context. At it's core it encourages you to buy good companies and that is very fair and good practical advice, depending on your strategy (others like a more catalyst driven style which is also fine). But buying companies and then when the thesis/data is drastically changing and you are not reacting because you need hold long term for some reason as if the issue will fix itself is not a viable strategy, at least in my experience. If you observe Buffett’s portfolio and generally in investors that have great skill you will see that turnover is rather high, switching around until a winner is located and that one winner makes the most returns. (And again many times it’s in your best interest to trim the winner as the valuation can run way past for what is feasible). Pay attention to what they do not what they preach… A counter argument I see very often to this is that $AAPL lost 80% of its market cap 5 times Or $TSLA dropped x this many times and came back. Valid but you are cherry picking the exception not the norm, these are mega winners which to find and hold is insanely difficult and very rare and making them as if this is the usual case is not probable. For every Apple or Tesla, there are thousands of businesses that never recovered nor will. Nothing is guaranteed no CAGR or return, investing is inherently a very dynamic game. Stubbornness and ego have no place here (been there done that) Everything changes, and we must adapt and improve constantly. So many bets will not work out. But some of them will massively Don’t be afraid to sell when you are wrong, when data changes, or when the opportunity cost is way too high. Follow the thesis, not your ego! Open to debate as always, no view of mine is meant to stay unchallenged, this is how we grow. Why I am putting effort to write these snippets without using ai (I make typos I know!) to promote discussion and critical thinking is beyond me should just pump shitcos and get 10x the views…. 😂

**Incrimental** opinion based on OFC so far. For example, Nvidia showed nothing new so neutral even though recent ISSCC presentation amazing. Full OFC coverage will take 2-3 weeks. So much stuff.