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A few days ago, $TSLA unveiled its robotaxis and its own app, which may have contributed to $UBER falling from $80 to $70. Some of the best funds in the world recently made $UBER their largest or one of their largest positions. It is important to understand that a top position is not a side quest. It is not a small position taken just to see what happens. It represents deep research by some of the smartest investment teams in the world. Do you really believe these funds somehow missed Tesla’s robotaxi plans or the possibility that Tesla would launch its own app? I worked at a medium hedge fund in NYC, so I know how this works. Before making such a large investment, the fund manager and analysts responsible for the position speak with the best industry experts, former employees, competitors, and senior people across the sector. I can assure you that these funds who are considered among the best in the world studied the robotaxi threat from every possible angle. Could they eventually be wrong? Of course. But the idea that they invested billions in $UBER without considering $TSLA and robotaxis is ridiculous. That is why I increased $UBER to around 29% of my portfolio yesterday.
ZeeContrarian1 ↗