The CSL example can be applied to so many growth stocks these days such as PME, REA, ALU, AD8, CAR etc. Even CBA which all analysts deem expensive. I own all these stocks and have always grappled with sensible portfolio weights esp when these stocks have all been deemed too expensive. Many so called experts encourage not only portfolio diversification but to watch a stocks portfolio weighting but if I followed this advice I would be so much poorer as I've already experienced sellers remorse selling ALU at $6, PME at $23 etc. I guess if one can handle the risk and inevitable volatility I would prefer to hold these type of growth stocks and only sell when their investment thesis is broken rather than based on portfolio weighting and valuation. Didn't Charlie Munger once say that the big money is not in the buying or selling but in the waiting (holding)?
The CSL example can be applied to so many growth stocks these...
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Last
$35.16 |
Change
0.210(0.60%) |
Mkt cap ! $13.26B | |||
| Open | High | Low | Value | Volume |
| $34.93 | $35.16 | $34.53 | $26.05M | 744.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5752 | $35.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.16 | 2955 | 4 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| CAR (ASX) Chart |