Overconfidence
Not enough judgment on policy; I've scoured the bottom $TENCENT.HK$ , $BABA-SW.HK$ & $MEITUAN-W.HK$ Although they are still confident about the future of these companies, their future underlying investment logic and profit model may have changed dramatically. The valuation is cheap now but it will probably be cheaper in the future 💸
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70193421 : Is it only correct to fly to Genius the day after scouring the bottom?