If you look at a typical stock that gained 20% over the past year, the answer to why it gained 20% instead of 10% or 30% will be complicated and full of guess work. If you look at a stock that gained 200% over the past year, the answer to why will probably be pretty obvious. One nice thing about big bets is that they can actually be easier to explain. Of course, that still leaves the problem of being on the right side of them.
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A way to think about long-term homebuilder…
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If you look at a typical stock that gained 20% over the past year, the answer to why it gained 20% instead of 10% or 30% will be complicated and full of guess work. If you look at a stock that gained 200% over the past year, the answer to why will probably be pretty obvious. One nice thing about big bets is that they can actually be easier to explain. Of course, that still leaves the problem of being on the right side of them.