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And even if you think the markets going down from here, it may go down, maybe it will go down. So why not get in here? Why not stay in? I certainly wouldn't sell now. So - and based on the long term trends in the market, I think the stock prices are going to are just going be going up in the long run. And I think that - the other approach which is basically waiting for the market goes back up, certainly valid approach, but that is a little bit going towards market timing, which I think is pretty well acknowledged, doesn't work, for the most part for most people.
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So you're going to get a low cost basis that way. And so you're buying what's going down, you're buying at the bottom and then you're buying on the way back up. I found in cannabis and other sectors as well, I'm most successful when I buy into a down market. I would say that's certainly a valid approach. RS: And what do you say to investors that say, well, I'm going to wait until I see the trend going back up, until I'm going to get in, or I don't want to keep losing money until the trend goes back up? What do you think about the timeline notion of investing in cannabis? But in the long term, I am very positive, because the trend is up. I think to expect that in the future as well, lot of volatility, a lot of ups and downs. But it's not going to be this tremendous growth rate that comes from expanding to other places. Once the market is there, hopefully, sales will grow. And people have to acknowledge the fact that a storefront that's grown for two years, for example is not going to have a huge growth rate. Those growth rates are based on expanding into new states for the most part. And people are realizing that the huge company growth rates are not going to last forever. Now there's been some margin compression, which I think is going to be pretty much permanent. But as I said I'm still extremely bullish in the long term. So people are maybe getting a little more realistic about what's going to happen in industry. I'm talking about compound annual growth rates for the rest of the decade. Where a year ago, they were saying 23%, 25% 27%. I noticed the data that says growth rates might be 20% 22%. I think that the growth rates that have been forecast for some time are still there, although they are down a little bit. Now that being said, I'm still extremely bullish on the market. I think we have to change the way we look at it as well. So you have - the market, as such is still a new market. It set me lower it was, in anybody's investing in the sector it was that story. Trulieve ( OTCQX:TCNNF) went up 400%, Tilray ( TLRY) went up 800%. Well, I think just to recap, the last time I was on was in July 2020. But let listeners know kind of how you're thinking about the sector and your cannabis portfolio. People at Seeking Alpha know your writings and kind of maybe up-to-date with how you're thinking about the sector. RS: Talk to us to catch us up a little bit on where you are as a cannabis investor. Ted, welcome back to The Cannabis Investing Podcast after a long time away.
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Hope you enjoy this conversation with Ted and hope you glean a lot of insight from it. If you're invested in cannabis this is a terrifically actionable episode for you. We get into his philosophy today, deeper into his philosophy today, the special situations he likes in the industry, and why he likes them, certain metrics to look for. He writes about it on Seeking Alpha and some select stocks. He's been investing in the markets for over 50 years, got a lot of experience and a lot of insight and has some great things to say about creating a cannabis portfolio. He's a really terrific writer on Seeking Alpha. Super excited to have Ted Waller back on the show. It's great to have you listening with us.