Hey Fellow Fools,
I’m pretty sure that there are some folks that post here that also post (or at least follow) the Saul board.
I was a holdout to jump on the Saul board as I lived through the 2002 tech debacle and really wanted to stay away from high risk tech stocks. However, after being on the sidelines for many years, I discussed with my wife to check out some of the stocks that the folks on the Saul board follow and do some research to see if we could jump on the Saul bandwagon with a very small number of shekels. I admit to envisioning a 50% in a short amount of time.
That was in mid-October.
We all know what has happened to the Saul stocks since mid-October. Most have been slammed.
We invested in one of Saul’s picks - UPST - Upstart, an AI lending platform that has had a great track record, had solid expansion plans in place and was executing against them. They claimed (and many agree) that their AI platform takes a lot of the “bias” out of the approval process which allows folks that are underserved in the credit market to get approved. I liked that story. They currently service the personal loan market, but are now expanding into the auto lending market. It is a great story.
Unfortunately, a great story and macro economics don’t always jive and UPST is down 65% since we bought. The Nasdaq has been taking a beating lately. (With more to come - I’m sure).
Again, this was a small position and I’m not losing sleep over it, but it just goes to show that VALUATION (the price that you pay for a given stock) matters.
I tried posting a similar post on Saul’s board twice now, and both posts have been yanked. I want to let folks know on this board that the Saul board is heavily censored and anyone who posts anything about valuation, about losing money, etc. will most likely have their post pulled.
I’m struggling to understand how this might be good for the folks who read the Fool and follow Saul. It’s easy to get lured into the “I made 50% in 2 months” or “This rocket ship is going to the Moon” when those are the only posts that remain on the board. Those folks are seeing only the “good” posts, not the posts that challenge the Saul way of thinking.
This is a new revelation to me. I thought the Fool was a platform where folks can have a balanced discussion about the topic at hand for each board. Never did I realize that there would be such “pruning” of posts that might give a balanced view. (This is different than what happens here on METaR with political posts - but I’m not going there).
So, the intent of this post is to:
- let others on this board that may follow Saul’s board know that there’s some heavy censorship going on over there - which I was not aware of
- remind folks that valuation does matter
- only play with dollars that you are willing to lose in the short term (I’m willing to wait this one out - as I don’t need this cash)
- invest for the long run - playing with fire usually means you’re gonna get burned…
- OR -
- get in early - not late
Hope this has been helpful to my friends here at METaR. Maybe not news to many, and the investing theme is not news to me either - but the Board censorship is something that was “news” to me. **
** If you go to Saul’s board and view the list of posts, you are pretty much guaranteed to see gaps in the post number sequence. Those gaps are deleted posts.