One of the most important lessons an investor can learn is to be adaptable.
It’s easy to get caught up in a thesis or mindset and want to stick with it no matter what
However, it is important to be flexible as companies and industries evolve and new information presents itself. This holds true for both buying and selling. When the information changes, be ready to reevaluate and change with it.
One stock I’ve done this with recently is Advanced Micro Devices (NASDAQ: AMD). For the past few years, I thought of AMD as a distant No. 2 player in the graphics processing unit (GPU) market that was unlikely to ever become an important player in the artificial intelligence (AI) infrastructure build-out. However, a lot has changed over the past six months.