
Ep. 121: Ed Carson: Don't Let Your Knowledge Blind You To Reality
Investing With IBD
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The Importance of a Thesis
A lot of times you'll see these phenomenal earnings growth numbers and everything just looks rosy. And that's, I think, where some people get into a fallacy, it doesn't have to come back. A lot of times, because the market is forward looking, you will find that they were kind of at the top of their cycle and that they were in a down phase coming. The business case probably hasn't changed much. But for whatever reason it was it did not act well.
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