Matt Frankel

I would generally look for companies that were just down by 70%, 80%, 90%, and buy them in the mindset that they were going to come back.

But after actually learning about investing, I knew they were that way for a reason.

Think things like mortgage companies in the years leading up to the financial crisis, when things started to collapse.

Now I focus on great businesses first, then consider valuation.

And it has served me well for more than 15 years of what I would call serious investing.

One on my watch list, speaking of stocks that had been beaten down, is a company called Appian, ticker APPN.

They provide an automation platform for enterprise clients.

The stock was essentially left for dead by Wall Street a few years ago after years of sluggish growth.

Being late to the AI party, they never really had a fantastic growth rate, even back in the 2021 era when they should have.

But its recent results really show major signs of life.

The company had one of its best days ever after its third quarter earnings, showed cloud subscription revenue up 21%.

Strong operating income.

They're net profitable.

They lost money a year ago.

Strong guidance.

I've owned this one for a while, and it was painful for a little while.

But the business really appears to have reached an inflection point finally.

Yeah, so tax loss harvesting is the thing we're gonna talk about that's not really noise.

It's a legitimate investment concept.

It means selling positions at a loss with the specific goal of using that loss to then lower your tax liability.