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No. of Recommendations: 12
Eric, why did you own the company in the first place?

What you're doing here is a form of "resulting" which Annie Duke talks about in her book "Thinking in bets".

You now know the outcome of Fastly's stock performance since you bought, so you are upset with your decision to hold.

But a more important question is why did you buy shares in the first place? Did you believe in management, the business, its products, and the industry?

If so, then have those things changed?

I would say, the long-term thesis of his company has not changed. Have the last 4 weeks been terrible for the share price? YES!

But some of this is the nature of being a business and specifically a relatively young technology company. They managed to land the business of one of the fastest-growing applications in the world (TikTok) which gave the company VERY strong performance and the stock price shot way way way up.

That caused more people to buy shares and chase it higher and now the share price has come crumbling down based on some geopolitics outside of management's control with their largest customer.

I'm not advocating for you to hold your shares... you have to make your own decision. I'm just saying the learning point could be why did you buy in the first place and has that thesis changed?
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