Oh man—I owned so many of these via investing groups and lost money on all of them. PTON, UPST, TDOC, BMBL, MTCH, ETSY, ROKU, ZOOM, FVRR was probably half my portfolio in 2020/21. 2022 was a brutal year! Lol. The lessons were painful but I learned a ton. Great post.
if you spend more time on this topic Conor, would love to also see the charts of those which suffered deep drawdowns but then bounced back or somewhat bounced back.
for starters i guess SPX and NDX. but curious about names that bounced back for idiosyncratic fundamental reasons...
While I think there are certainly less of them, and they are less obvious, I think this would be an interesting article as well. Can think of a few names already.
I have been tempted to buy many of those to "diversify" from my beloved REITs.
I had some FOMO but in the end I didn't buy any unprofitable tech stocks because those companies were not profitable and did not pay a dividend. To me they were empire building using the shareholders money (eg' when Teladoc bought growth darling Livongo in 2020). Look where they are today.
Excellent article. I was lucky enough not to own any of them, but I def remember seeing all these tickers scrolling by constantly during the go go years
You are on the cusp of a major recognition, Conor. Either you know it already but held back from divulging here for whatever reason (I can think of several excellent reasons) or you do not know it yet but, at your cadence, will soon enough. Either way, congratulations!
Great post, Conor. The common denominator, besides the pandemic boost, is each company seems to have been a speculative play based on anticipated future mega sales growth from innovative products more so than company fundamentals and share price values?
I think that is certainly one commonality. Some of these businesses did see a big uplift in demand without changing their value prop. Etsy, for example, didn't really bring anything new to the table, they were just an e-commerce marketplace that saw a big increase in demand as people were bored and in doors. Speculative market activity no less, but nothing innovative there I don't think.
Oh man—I owned so many of these via investing groups and lost money on all of them. PTON, UPST, TDOC, BMBL, MTCH, ETSY, ROKU, ZOOM, FVRR was probably half my portfolio in 2020/21. 2022 was a brutal year! Lol. The lessons were painful but I learned a ton. Great post.
I think most people reading this will have touched at least one company in this list, so appreciate you sharing that and being candid!
I love this selection. I had somehow managed to completely miss the Playboy IPO at the time, and didn’t know it was listed!
Trust me, you are glad you missed it, haha.
Some minor PTSD reading that, owned 4 of those 20 at one point or another. Thankfully position sizing saved the day.
Similar story for me. Did well in a couple (luck mostly) and badly in a couple others.
It was almost impossible not to have had some exposure to it. Good lessons learned, thats for sure.
Lost £1k on Teladoc when I finally gave up and sold it 2 years ago, a relatively expensive lesson at the time but the portfolio has grown since.
Hopefully it looks like an inexpensive lesson years down the line!
a blast from the past, a trip down memory lane.
if you spend more time on this topic Conor, would love to also see the charts of those which suffered deep drawdowns but then bounced back or somewhat bounced back.
for starters i guess SPX and NDX. but curious about names that bounced back for idiosyncratic fundamental reasons...
While I think there are certainly less of them, and they are less obvious, I think this would be an interesting article as well. Can think of a few names already.
would love to read it.
Bumble is severely undervalued according to Alpha Spread.
I have been tempted to buy many of those to "diversify" from my beloved REITs.
I had some FOMO but in the end I didn't buy any unprofitable tech stocks because those companies were not profitable and did not pay a dividend. To me they were empire building using the shareholders money (eg' when Teladoc bought growth darling Livongo in 2020). Look where they are today.
Profitable tech is another matter.
Each one of them a Netflix series ready to be commissioned.
Great post, thanks!
Haha, i'd watch them all. Thanks Jason
Novavax.
Nikola!
And now the obligatory confession: I worked for Enron.
Excellent article. I was lucky enough not to own any of them, but I def remember seeing all these tickers scrolling by constantly during the go go years
Thank you!
You are on the cusp of a major recognition, Conor. Either you know it already but held back from divulging here for whatever reason (I can think of several excellent reasons) or you do not know it yet but, at your cadence, will soon enough. Either way, congratulations!
Thank you David, kind words 🙏🏼
quite a hall of fame ...
You said it!
Amazing that Zoom has fell off as much as it has even though we all probably still use it weekly if not daily!
I know right.
Good article (and the cleanest visuals we’ve seen all year?)
Thanks for noticing :)
Great post, Conor. The common denominator, besides the pandemic boost, is each company seems to have been a speculative play based on anticipated future mega sales growth from innovative products more so than company fundamentals and share price values?
Thanks David.
I think that is certainly one commonality. Some of these businesses did see a big uplift in demand without changing their value prop. Etsy, for example, didn't really bring anything new to the table, they were just an e-commerce marketplace that saw a big increase in demand as people were bored and in doors. Speculative market activity no less, but nothing innovative there I don't think.