Well, it’s certainly been insightful and interesting to come to a finance conference in Abu Dhabi with 1300 attendees from all over the world, representing hedge funds, service providers, wealthy family offices, sheiks and others. I’ve learned a lot already, including how many people here are long Zoom (ZM) but I have yet to find anybody who owns WORK or even TSLA. I like owning stocks that others don’t yet, of course, but I am doing more homework on ZM too, after hearing so many bullish cases laid out for it. The conference actually officially starts today and I will have my ears and eyes open to learn and absorb as much as possible. Some of what I’m learning is contrarian in nature, as I try to pinpoint groupthink sinkholes.
I chatted and listened to Mohamed A. El-Erian and Anthony and a few others yesterday. Much to ponder.
On another, not necessarily unrelated note, Virgin Galactic (SPCE) got a nice bump of nearly 20% in trading on Monday after Morgan Stanley came out with a $22 price target buy rating on it.
Be cool out there, be contrarian and be kind.
Here are few pics for now too.
Emirates Palace entrance where we’re staying and attending the conference.
The inside of Sheikh Zayed Grand Mosque.
There is a Cinnabon pumping out the fake cinnamon scent in the mall in the underground mall/entrance to the amazing Sheikh Zayed Grand Mosque.
The Palace was empty when we got here Sunday night.
Beautiful view.
