Casey regrets not trimming Meta at $380 before it fell to $90
Mark Casey · Mark Casey (Capital Group): Public Market and Macro Perspectives · Jul 23, 2024 · at 2:17
Mark Casey, Portfolio Manager at Capital Group, reflects on portfolio management decisions and stock position sizes during the 2022 technology market drawdown.
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“The twenty-twenty-two period was rough and, you know, I kinda, my big mistake in twenty-twenty-two was not trimming a lot of stocks at the end of twenty-twenty-one. You know, I looked at Netflix at 6:30 then, and Amazon at one 80, and Facebook at three 80, Facebook, I actually said, I'm not trimming a cent of this. I love this at three 80, and then it went to 90 in the next year, but, you know, the others, I actually thought, you know what, I should lighten up on these, but I only sold maybe 10%, 20% of the position.”
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