AutoStore Stock: A Warehouse Automation Pure Play
In today’s world of 8-second attention spans, it’s hard to convince people that becoming wealthy is about time in the market, not timing the market. That’s why we developed our own risk-averse tech investing strategy where we hunt out leaders and ideally hold them for a decade to let all that delicious alpha mature – like a fine bottle of Opus One. The process goes something like this:
- Find large blue ocean total addressable market (TAM) opportunity
- Identify leader of the pack
- Accumulate stock using dollar-cost-averaging and buy dips
- Hold the stock until
- Thesis changes (company has problems)
- Corporate event happens (i.e. an acquisition)
- Something better comes along
That last bullet point is a tricky one. Our recent sale of Blue Prism and purchase of UiPath (PATH) is an example of moving from one RPA stock to a better RPA stock. Though these two events were unrelated, our perception of Blue Prism changed entirely when a leader –
