Chit Chat Stocks IPH #96: Elon Loses $50 billion; Alphabet and Match Group Earnings; Avoiding the Macro Doom Porn
5 snips
Feb 4, 2024 Elon Musk faces a court blow as his $50 billion pay package gets voided, raising questions about Tesla's future. Alphabet shines with a stellar earnings report, showcasing impressive growth in YouTube and Cloud sectors. Meanwhile, Match Group navigates a paradox of rising revenues amid falling user numbers, particularly with Tinder. The conversation also dives into investment strategies, highlighting the merits of buy-and-hold versus active trading, while urging listeners to steer clear of macro doom porn.
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Episode notes
The Art of Not Selling
- Focus on long-term business performance, not short-term market reactions.
- Hold onto good businesses and avoid frequent trading.
Alphabet's Strengths and Communication Challenges
- Alphabet's strong execution across various ventures demonstrates its resilience and adaptability.
- The company's financial communication may be hindering its valuation.
Fat Pitch
- Alphabet was undervalued at the end of 2022 due to fears about ChatGPT.
- The market overreacted, creating a buying opportunity.