2min chapter

Superinvestors and the Art of Worldly Wisdom cover image

#24: Fred Hickey On Trusting In Your Own Research And Experience

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Cycles of Semiconductor Stocks

The semiconductors are as cyclical as anything, if not more so. It's always striking to me to see people extrapolate a few good years in the semis just out of definitely in the future and could entirely forget that these things are cyclical. And they should be cheap at the top and expensive at the bottom. So I'm pretty sure that it isn't this time because I'm seeing all the stores build up dramatically here.

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