Level 3 — Outsized ReturnsPAIDWhy I bought each stock
Every stock here was bought the same way: a decent business whose share price had fallen hard, where something specific was changing that the market hadn’t yet given credit for.
Recoveries like this take time. Some run within months, others sit in the red for a year or more first, and a few won’t work at all. The two positions closed so far, Intel (+378%) and Albemarle (+207%), both spent time underwater before they came good. So a young position showing a loss isn’t a warning sign — it’s what the early stage of this approach normally looks like.