Team get togethers and corrections

I’ve written a lot about our team get-togethers and how much of a difference that makes in team morale. We had an amazing week together as a U.S. team. Lots of great meetings and brainstorming to set the foundation to close out the year strong and spring us into 2022. The grand finale was our Christmas party on Thursday. We started out with drinks at the office and went out to a fantastic dinner at Corks. I can’t wait until we have the entire team from Europe and the U.S. together again.

On another note, growth stocks particularly in tech have had a rough few weeks and year overall. My tech heavy portfolio has taken a large hit. $DOCU has taken a 40%+ tumble after earnings. $PTON is down 66% over the last 3 months. Many tech IPOs in 2021 have taken a large drop.

The pullback might be a sign that fundamentals may actually matter after all. It sure didn’t seem like that in late 2021 where it seemed like every tech stock was headed for the moon.

I’ve had to reevaluate my portfolio quite over the last few weeks, but changes will be largely minor. My long-term outlook on these companies are still largely intact. I buy stocks that I want to hold onto for 10 years and despite these painful drops, I need to stick to my guns here.

Time will tell the winners and losers in my portfolio, but corrections should not force any rash decisions.