Investors who want to pick companies and sectors based on themes need to watch out for these common mistakes, according to a UBS researcher.
"The shape of the ride-hailing industry is still being defined, as many variables continue to evolve," she wrote."Until we get greater clarity on regulatory, liability, and even tax consequences, it will be difficult to choose winners in this space."UBS says traders should let the dust settle in fledgling industries before making any specific decisions.
In addition, Kane advises investors to look hard at issues like corporate governance and culture as well as financial measurements.UBS said traders should do exhaustive homework on new entrants to industries and themes they're pursuing.Kane writes that investors often sell too quickly because they're afraid of future pain. But that haste can cause them to miss out on eventual gains that might dwarf their present losses.
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