3 Comments

Quality comes with a price. I bought ASML during the market dip in October 2022.

At that time it could also be considered expensive with a P/E ratio around 30, but that didn't stop the share price from doubling since then.

I couldn't predict the AI hype, but I saw the unique position of this company and the increasing worldwide demand for semiconductors.

So yes, today even more people can only agree that this stock is expensive and priced to perfection. I'm not adding to my position at the current valuation, but it would've been better to have this kind of analysis a few years ago.

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That is the great part about investing. You can pass on stocks that later proof to be great winners, and still have very satisfying results.

A tech friend of mine pointed out NVIDIA to me, and I looked into it.

As I'm formed by my experiences and undergoing disruption up close, I'm very prudent with this type of stocks, and to my taste the risk reward wasn't okay back then, and is even worse today.

Now we know that the risks didn't materialize, but I would make the same decision all over again given the same information.

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Interesting to take what is more or less the approach to classifying oil and gas reserves and applying it to the prospects of a given company.

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