Tobias Engstroem Carlsen @EpicQuality: "⚠️𝐎𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐦𝐢𝐬𝐭𝐚𝐤𝐞𝐬..."

Sweden

⚠️𝐎𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐦𝐢𝐬𝐭𝐚𝐤𝐞𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐦𝐚𝐤𝐞 𝐢𝐬 𝐣𝐮𝐝𝐠𝐢𝐧𝐠 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐛𝐲 𝐰𝐡𝐞𝐧 𝐢𝐭 𝐠𝐞𝐭𝐬 𝐩𝐚𝐢𝐝, 𝐢𝐧𝐬𝐭𝐞𝐚𝐝 𝐨𝐟 𝐰𝐡𝐞𝐭𝐡𝐞𝐫 𝐢𝐭 𝐰𝐢𝐥𝐥 𝐠𝐞𝐭 𝐩𝐚𝐢𝐝. Take $BKNG (Booking Holdings Inc) as an example. Booking's EPS often looks weaker in the lower quarters because travel demand is highly seasonal. Summer bookings are recognized later, causing a large EPS jump in September (Q3) when peak travel revenue flows through. Less experienced investors and even some analysts may glance at a softer quarterly EPS, assume growth is slowing, and issue bearish ratings before the seasonal earnings surge arrives. Don't confuse seasonality with deterioration. If the long-term thesis is intact, weaker seasonal quarters can offer better buying opportunities than chasing the stock after strong September results and don't just look at one quarter. Focus on the quality of the business, its competitive advantages, cash generation and long-term earnings power with the trends in that market, not just the timing of quarterly profits. $ABNB (Airbnb Inc) $VTI (Vanguard Morningstar Total Stock Market ETF) $RCL (Royal Caribbean Cruises Ltd) $CCL (Carnival Corp Ltd) $VOO (Vanguard S&P 500 ETF) $SPY (State Street SPDR S&P 500 ETF) $VT.US (Vanguard Total World Stock ETF)

Not investment advice. The author may have financial interests in the mentioned instruments.