In August 2019, I wrote about Slack's direct listing and the virtues of patience for IPO investing. How would you have done if you took my advice and avoided this company? Quite well, it turns out. Over that time, Slack is down over 40%, while the S&P 500 is up nearly 10%, and the Nasdaq is up over 12%. Why is Slack down so much relative to the market? Simple, they … [Read more...] about IPO Investing – The Virtues of Patience Updated
slack
Slack’s Direct Listing & The Virtues of Patience
There's a ton of hype around the Slack direct listing. Unfortunately, everybody else knows about this, and the positivity is priced in. What is Slack? Slack is the premier software for communicating and collaborating. The tool benefits every line of business: accountants, customer support reps, engineers, executives, salespeople, and many others. Their users … [Read more...] about Slack’s Direct Listing & The Virtues of Patience