Nice article. Isn't the reason survivors don't chase is because it's a discipline, and in the long run you lose more from chasing than you win? By the time it's bagged/multibagged, you haven't had time to accumulate enough cheap. The real winners here will be the ones that accumulated at IPO stage, recognising the value of the historical holes.
Nice article. Isn't the reason survivors don't chase is because...
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