Investing Experts Lofty valuations, overheated technicals - managing market risk with Victor Dergunov
4 snips
Nov 10, 2025 Victor Dergunov, an investment analyst and the mind behind The Financial Prophet, dives into the critical nature of valuations in today's market. He explains his rationale for shorting Palantir despite a belief in its long-term prospects. Victor highlights the frothy AI sector and warns against viewing all AI stocks uniformly. He discusses his positions in AMD and Tesla, emphasizing Tesla's potential misunderstood value. Also, he explores important market catalysts and the significance of risk management in navigating volatile times.
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Prioritize Risk Management
- Increase focus on risk management when market technicals and valuations feel overheated.
- Raise cash and trim frothy positions to preserve capital during uncertain rallies.
Palantir: From Early Stake To Trimmed Gains
- Victor described buying Palantir early at $6–$7 and building it into a top holding as it climbed.
- He later trimmed and mostly exited around $150–$170 because valuation stopped making sense.
Respect Valuation Even For Great Companies
- Never ignore valuation even for beloved companies with strong technology or monopolies.
- Consider re-entry only after meaningful pullbacks to rationalize price-to-sales or forward multiples.