$Chagee(CHA.US) Recently saw Buffett, and there was a quote:
"I used to stubbornly hold onto failing stocks, desperately hoping they would one day return to the price I bought them at. This is called 'refusal to admit failure.' I bet you've been in this situation too."
If you want to wait for value to return, first ask yourself: Is this a good company? They prepared attractive financial statements before going public, but after listing, there were no buyback plans or dividends. The management made poor strategic decisions during the recent food delivery war. I don’t think it’s a good company anymore.
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