Uploaded March 2022 | Updated September 2026, 2 days ago
I’m joined by Puru Saxena, a retired money manager based in Hong Kong. 4 months ago I had him on my show and he shared his opinion that the market would go through a correction which we’ve seen. So, I wanted to bring him back on to give an update on his thoughts.
Puru Saxena on Twitter: twitter.com/saxena_puru
Previous interview with Puru Saxena - The Looming Stock Market Correction? w/ Puru Saxena (Ep. 456): youtu.be/01jbuzvy6OY
Timestamps:
00:00 - Introduction
00:47 - How has Puru managed his portfolio in past 4 months?
05:05 - How bought growth stocks and also hedged by shorting ARKK
07:10 - Why not just stay out of market vs holding long and short positions?
08:39 - How long does Puru plan to hold growth stocks?
11:15 - Puru's capital gains tax situation
13:08 - Why didn't wait until stock market bottom before buying growth stocks?
16:40 - U-shaped recovery or V-shaped recovery?
20:00 - How does recession impact expectations?
26:44 - What kind of indicators are you looking at to determine the bottom?
32:33 - What kind of companies are you looking for to invest in?
39:44 - Thoughts on Tesla TSLA
47:45 - Top 3 highest conviction stocks - SNOW, TWLO, ADYEY
56:05 - How do you evaluate tech, software, cybersecurity companies?
59:42 - What are resources you rely on? Newsletter, twitter accounts, etc.
01:11:20 - Why doesn't Puru touch commodities market any more?
1:13:35 - Any safe haven investments like gold?
1:18:45 - Conclusion
Social
🐦 Twitter mobile.twitter.com/heydave7
🎧 Apple Podcast: podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991
🎙️Spotify open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg
📸 Instagram instagram.com/heydave7
Dave Lee on Parenting, youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA
NOTE: Please don’t fall for scammers who might impersonate me or others in the comment section. I do NOT give out my number or ask people to contact me.
💁🏻♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA and other stocks at time of original video publish date. When you buy through links in this video description, author may earn an affiliate commission.
Open an brokerage account at Interactive Brokers:
interactivebrokers.com/mkt/?src=daveleey&url=%2Fen%2Findex.php%3Ff%3D1338
Check out my archived articles/posts on Tesla and investing: teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768
#Stocks #Investing #Tech
I’m joined by Puru Saxena, a retired money manager based in Hong Kong. 4 months ago I had him on my show and he shared his opinion that the market would go through a correction which we’ve seen. So, I wanted to bring him back on to give an update on his thoughts.
Puru Saxena on Twitter: twitter.com/saxena_puru
Previous interview with Puru Saxena - The Looming Stock Market Correction? w/ Puru Saxena (Ep. 456): youtu.be/01jbuzvy6OY
Timestamps:
00:00 - Introduction
00:47 - How has Puru managed his portfolio in past 4 months?
05:05 - How bought growth stocks and also hedged by shorting ARKK
07:10 - Why not just stay out of market vs holding long and short positions?
08:39 - How long does Puru plan to hold growth stocks?
11:15 - Puru's capital gains tax situation
13:08 - Why didn't wait until stock market bottom before buying growth stocks?
16:40 - U-shaped recovery or V-shaped recovery?
20:00 - How does recession impact expectations?
26:44 - What kind of indicators are you looking at to determine the bottom?
32:33 - What kind of companies are you looking for to invest in?
39:44 - Thoughts on Tesla TSLA
47:45 - Top 3 highest conviction stocks - SNOW, TWLO, ADYEY
56:05 - How do you evaluate tech, software, cybersecurity companies?
59:42 - What are resources you rely on? Newsletter, twitter accounts, etc.
01:11:20 - Why doesn't Puru touch commodities market any more?
1:13:35 - Any safe haven investments like gold?
1:18:45 - Conclusion
Social
🐦 Twitter mobile.twitter.com/heydave7
🎧 Apple Podcast: podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991
🎙️Spotify open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg
📸 Instagram instagram.com/heydave7
Dave Lee on Parenting, youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA
NOTE: Please don’t fall for scammers who might impersonate me or others in the comment section. I do NOT give out my number or ask people to contact me.
💁🏻♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA and other stocks at time of original video publish date. When you buy through links in this video description, author may earn an affiliate commission.
Open an brokerage account at Interactive Brokers:
interactivebrokers.com/mkt/?src=daveleey&url=%2Fen%2Findex.php%3Ff%3D1338
Check out my archived articles/posts on Tesla and investing: teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768
#Stocks #Investing #Tech
