For those fearing they’ve missed out or this is as good as it’s going to get for Upstart:
Upstart is a leading AI lending platform, and our second-quarter results continue to demonstrate why this category can generate enormous value in our economy. They also demonstrate why Upstart has an opportunity to become one of the world’s largest and most impactful fintechs in the years to come. Lending is the center beam of revenue and profits in financial services, and artificial intelligence may be the most transformational change to come to this industry in its 5,000-year history. It’s our view that AI-led disruption targeting dramatic inefficiency in one of the largest segments of our economy is worthy of your attention.
-CEO Dave Girouard
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Yes, I’m late to the party, but after yesterday’s earnings release, and what still looks like a reasonable valuation with lots of growth potential, I finally initiated a position in Upstart this morning when the market opened, despite the 20% jump in price already.
I sold a little bit of several positions and made Upstart about a 6% position. It’s small-ish (for me) but only because I didn’t want to sell any more of my other holdings right now. If Upstart drops much later in the week, I’m likely to add.
Thanks to Saul and everyone for continuing to discuss and share such great insights on Upstart. My skull is thick but eventually a great opportunity like Upstart will have to get through! 
-mekong
38 Likes
FOMO is a brain fart.
Every stock is available for purchase or sale every day the market is open. If I own UPST yesterday and hold it today after the runup in price, I’ve made the same decision as the person who purchased UPST today after the runup in price. We’ve both decided to own UPST at today’s price. We both own stock in UPST that is currently trading at the same price. Until one of us sells, we are one-and-the-same.
Lee
37 Likes
Not to beat an over discussed topic these past few days; but I too started a position in UPST today. Congratulations to all those that were in early and often, but I entered today with confidence that UPST will continue to win. I have been following it for quite some time, in fact, I was in earlier this year and then, regrettably, got spooked out. I sold my position in COUP in order to raise funds and create room in my portfolio. COUP had been a strong performer for me over the past few years, but it seems like it may be suffering a slow death by M&A. Regardless, my conviction level for COUP is not what it was 3 quarters ago, so I changed horses. COUP for UPST. Time will be the judge.
4 Likes
That is an excellent way to thing about it.
My manager used to say “not making a decision is a decision”. It leads to inaction, which then has the same consequences as deciding not to act. If you don’t sell at a given price, that implies you are OK with it at that price.
I don’t off-hand recall if that is in Saul’s Knowledgebase, but it probably should be.
3 Likes
FOMO is a brain fart.
Every stock is available for purchase or sale every day the market is open. If I own UPST yesterday and hold it today after the runup in price, I’ve made the same decision as the person who purchased UPST today after the runup in price. We’ve both decided to own UPST at today’s price. We both own stock in UPST that is currently trading at the same price. Until one of us sells, we are one-and-the-same.
Lee
I have never thought about it like this but it really makes perfect sense!
1 Like