🚨The Insiders Dashboard Just Flagged a Move!🚨
3 corporate executives just collectively poured over $1.1 million of their own cash into a single stock. Join Silas at 1PM ET to see how the Insiders Dashboard tracks these massive executive purchases and get the details on the no. 1 insider stock on his radar right now! [tap here to join]
I had front-row seats to one of the biggest market manias in history — and I refused to take them.
Back in the late 1990s, I was buying a value-focused money management firm.
The year was 1997, right as the dot-com rocket ship was leaving the station. Every hot stock you can remember — WorldCom, Pets.com with its sock puppet mascot — came across my desk.
I passed on each one because they did not fit my value parameters. I like to say I had the $100,000 courtside seats for the dot-com boom, but I just sat there with my arms crossed, looking flustered.
The FOMO was real — visceral, painful, gut-wrenching real.
It wasn’t just intellectual discomfort. It was a physical reaction to watching everyone else get rich while I sat on the sidelines questioning my own sanity.
Escorted Out in a Straitjacket
Here is the part that still makes me shake my head. I was actively raising capital to acquire this value management firm in 1997, right in the teeth of the tech mania.
I would walk into pitch meetings and talk about value investing — buying things trading below intrinsic worth and focusing on fundamentals.
At the time, that felt almost outdated in the eyes of the room.
More than once, people made it clear I was not welcome. At one meeting, the reaction was so hostile it felt like I was being escorted out in a straitjacket — like I had no business being there if I wasn’t talking about technology.
At the time, I looked like an idiot. A stubborn, out-of-touch dinosaur who didn’t understand the new paradigm.
But here is what happened next. The investors who backed that acquisition eventually made five to 10 times their money.
The dot-com crash came, the value renaissance followed, and suddenly the idiot looked like a hero.
Today’s Reminders
What is going on today is a reminder of that period, even though there are big differences.
Take SpaceX, for example. I believe SpaceX is overvalued at the levels it is expected to go public at.
But here is the nuance: You could still see a meaningful multiple even at those valuations because Elon Musk is a doer.
Momentum can carry things further than your spreadsheet ever will.
And that brings up a lesson I learned early — the price of a stock is simply the price someone will pay for it.
Valuation is real, but it is not absolute. The market can and will ignore your models whenever it feels like it.
It is the same reason I have always approached investing like tournament poker. You don’t shove your chips in every hand.
You only put them at risk when you believe you are 60% better or better.
Discipline wins over time. The market does not reward you for being early or being right in the short term.
It rewards you for being disciplined over the long term.
FOMO hurts. I know because I have felt it.
But looking foolish for a few years — that is a price I am willing to pay if it means I am still standing when the music stops.
Talk soon,
JD
The Rational Trader
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P.S. 1 PM ET Today: The Insiders Dashboard Just Flagged a Move!Â
Most insider trades never make the headlines.
By the time the public notices them, the opportunity is often long gone.
That’s why we’re excited about today’s session.
At 1 p.m. ET, Silas Peters will show you a tool designed to track significant stock purchases made by corporate executives just days after they occur.
In other words, you’ll get a look at where the people running these companies are putting their own money.
Even better…
You’ll see the no. 1 insider stock on my radar right now after three corporate executives collectively invested more than $1.1 million of their own capital into shares.
He’ll break down the stock, the insider activity behind it, and why it’s attracting so much attention.
No trading guarantees, of course.
But if you’d like to see the Insiders Dashboard in action and the opportunity it just uncovered…
