Transcription of DOES EXCITEMENT ALWAYS BRING PROFITS? …
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DOES EXCITEMENT ALWAYS BRING PROFITS? …
No Soporific Jargon 1 2017 Fredric E. Russell April 11, 2017 INVESTMENT LETTER DOES EXCITEMENT ALWAYS BRING PROFITS? SNAP, INC. (NASDAQ: SNAP) One challenge a money manager faces is to keep a curious and energetic viewpoint, eager to embrace untested concepts, willing to dig deep to learn about any company that he or she believes is undervalued or underpriced. Pursuing such a challenge can be intellectually stimulating and, as we have seen in the case of Universal Display (NASDAQ: OLED), can produce investment rewards.
3 © 2017 Fredric E. Russell I was getting excited, bullish, optimistic about the numbers in the Snap prospectus, but I told myself to temper my euphoria as I recalled the story of
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