My too hard to understand pile is pretty big, but I don’t throw enough stocks in the too hard pile.
Teladoc is an awesome company with an awesome mission, but in reality I don’t understand the healthcare market. I liked the user experience, I hated the healthcare market, so I bought the stock. It was dumb. I’m down pretty big.
Sea Limited is an amazing company with so much going for it, but it took me awhile to get my head wrapped around it. I was surprised when I first read about the cash deliveries. I studied quite a bit before buying, but when you are starting from essentially zero, it takes a long time. Studying companies where you can’t really use the product is hard. Layer in a cultureBeing a part time investor, you can’t research every stock the way you need to.
I love internet stocks, so I felt that I could buy Teladoc, but I was kidding myself.
A lot of Fintwits favorites make no sense to me. From Palantir to Nvidia, I just really don’t know. Throw in some Nanox and my head is spinning. Maybe it’s just me, but I have a pretty big too hard pile and that’s with me stretching my circle of competency and doing dumb things I shouldn’t. Don’t be afraid to say, I don’t know and then only spend your time where it makes sense to. Just throw it in the too hard pile.