Dan Davis on "Story Stocks"22 Sep 2018 16:57
I read this in today's FT. I wonder if BMN fits, if so, I'm pretty certain that we're in the former category.
From Dan Davis in today’s FT, “This is the real warning on story stocks; the time to buy is either when very few people have heard the story, or when everyone has heard it and every-one hates it. If you are buying when sto-ies about cannabis stocks are every-where in the financial press, you are most likely part of the "wall of money" which smarter players aim to exploit. Story-stock investing is a genuine skill, at least as intellectually demanding as short selling and much more lucrative, if you can get it right. As with short selling, if you master it you can make money. But if you don't you are going to find out, and quickly.”