Just Embarrassing Imagine buying into a stock and not even knowing what it does The excuse is laughable

Traders do this daily. Sometimes the less you know the better.

In case you’re wondering this was at the tippy top top of the stock => he got cooked both in the interview and in his portfolio

People who make the money don’t give a shit what the company does. All that matters is price action

I do this very often...

That's 99% of crypto investors

Awesome video. He pretended not to hear to avoid embarrasment. Stock is down 90% since then.

This was at the exact high for UPST and it has lost 90% since this interview.

Nothing wrong with this at all but the proper response when asked what do they do is something like “they make me money”

@markminervini 's many millions prove that you don't have to know what a company does to trade or invest in it. How many millions do you have?

I think it would happen the same to me if I were in that interview 😂 I trade price and momentum, manage risk and get returns

great momentum, strong earnings. that's enough to go in!

I traded Hong Kong stocks. They just had numbers, I knew nothing about them. Nevertheless his style is different

This was from like five years ago.

What’s more embarrassing is not knowing the difference between a trader and an investor.

Why is it Embarrasing ? He is making money, that is important

it doesn’t look good, but you do not need to know what a stock does when he already has fundamental and technical research done on the stock. for the people saying he got bagged and that it’s now down 70%+ you guys have no idea how trading works and that shows it lol

Classic example of why hype can backfire — know the business before diving in. As Peter Lynch said: 'Know what you own, and know why you own it.' Patience and understanding let compounding work its magic over time.

LOL. 😂 He’s a technical trader……. He studies price, sentiment and momentum. It could be the price of horse manure 💩 It’s essentially irrelevant to his process… [He froze when he didn’t know what the company does, handled it quite poorly🤓]

If you’re a technical trader you don’t need to.

This is absolutely hilarious. These idiots they bring on know nothing but what their algos do.

classic

Not a big deal. His edge is spotting explosive setups in price action but no reciting company brochures like a salesman.

If is going up I am in

He trades price action, it doesnt matter what the company does. And yes I agree that it was embarrasing how he pretended he lost communication instead of being honest and saying: I have no clue wtf do this mfs do but look at that breakout*

I watched this live during lockdown. Was superb viewing.

It's one thing not to know what the stock does - still bad. It's another thing not to know what the stock does, while knowing how the stock has performed like this guy. Shows you more about his process than anything.

technicals > fundamenals actually. u cant risk manage or time anything without technicals. trusting a stock 100% based off of fundamentals = opportunity cost & if anything goes wrong u lose everything.

I bet you’re 2 inches shy from being a girl.

Who cares what they do if they make you money?

you dont need to know. he is one of the most successful investors in history because he manages risk better than anyone, you or me. if mark knew he wouldnt use a STOP LOSS. he had no idea, he had a bias, and placed a stop loss, of which it hit in the case. he simply moved on the the other several hundred PROFITABLE TRADES he takes and allows them to.....COMPOUND

That was the top on top of it! Hahahah can’t make this shit up

This encapsulates very well the current environment of the market. Everything is based off of prices (vibes) rather than fundamentals and you have twitter gurus telling @michaeljburry he’s wrong when he’s proved time and time again that he’s well worthy of the name Cassandra

This was clearly just a trade, not an investment,

Just Embarrassing. Imaging you name yourself Finding Compounders when you actually couldn’t find one and not even knowing that you became poor from bagholding stocks. The name is laughable.