big change in stock selecting from late february to today
In late February / early March there was so shortage, even a radical abundance of stocks that would double your money if they simply survived. No matter how damaged they became in surviving, via selling off assets, taking higher interest rates to restructure debts, closing plants or business segments and becoming less than they were, if they simply survived they would be 2x your money or much, much more. Often much, much, much more.
LVS, MGM, many BDCs and insurance companies, a plethora of REITs and many, many more.
Some companies that were never really in big trouble fell into this category too. ASH, RCL, DOW, GE, and more.
Today there aren't many "if it just survives its a 5 or 10 bagger" stocks left and the risk levels associated with those stocks is far higher than it was 2-3 months ago.
So if we don't get a significant dip in the markets from here ... that means guys with some cash still on the sidelines, like Checklist, will have to shift our strategies from just caring if companies you invest in survive to caring about their future prospects.