Sir John Templeton held stocks for a minimum of four years.
And he liked issues selling at their maximum pessimism, when the market had completely lost faith in a company or given up on an industry or market.
Nike is going through a lots of challenges right now, at least the consensus is assuming so.
But “ groupthink “ has never made anyone rich, or right for the matter.
The point is, a company such as Nike won’t vanish simply because its stock is slumping momentarily.
Do not mind the algo fin-twit’s hyper-alarmism.
Nike is down to $30 per share, will Nike be even more attractive at $20?
I hope the hell so.
As a long term investor I don’t want my stocks to rise up perpetually , I even prefer when quality value stocks momentarily decline . 💥
The cheaper the merrier!
Unfortunately, this logic is upside down on social media. Everyone is panicking when real investors ought to be salivating with the discounts.
As an individual investor, you must do your own due diligence, analyze the fundamentals and the markets, the competition, the industry, the macro environment and decide “ as an entrepreneur.”
Investing is first and foremost an entrepreneurial undertaking. You have to be in for the long haul.
You are an owner after all.