The Super Short: An Investing Story of Hope, Loss, and Redemption in China
That which humans collect, we have a natural urge to categorize. Books, rocks, baseball cards, whatever -- and stocks are no different. Some we classify as “growth stocks,” because their revenues -- and, hopefully -- earnings are rising relatively rapidly. Others are viewed as “value stocks,” because based on the fundamentals, they look underpriced.If the business has been in the habit of distributing solid, often rising dividends, it might get called an "income stock." And then there are "story stocks” -- the ones that are trading less on their current numbers, and more on the narrative that investors and the media have built to describe why eventually, the revenue and earnings will surely arrive. Paint a compelling enough picture, and investors will bid your company up on hope and faith. But Motley Fool co-founder David Gardner sometimes takes a different view of the “story” concept -- he prefers to think...