“When business is booming, people convince themselves that the growth will never stop. And when times get tough, suddenly everyone believes the downturn is here to stay.”| stonksvalue.substack.com
YTD return: +13.51%; portfolio update as of 5/21/2025.| stonksvalue.substack.com
Part 2 of my personal experience with cyclical stocks + 5 net-nets from the steel industry| stonksvalue.substack.com