“White-Haired Stock Wizard” Serenity Responds to Criticism: The Market, Not Angry Comments on Social Media, is the Final Arbiter of Right and Wrong

Odaily, “White-Haired Stock Wizard” Serenity posted on X, reflecting on experiences where past investment views were met with skepticism. Serenity stated that many original investment ideas face strong opposition early on, but the market ultimately becomes the standard for judging right from wrong. Having been bullish on several companies, Serenity encountered significant criticism. Examples include:

$AXTI: Early on, it was criticized as a “scam company,” even leading to a ban from Reddit's WSB forum for related discussions. However, it subsequently received coverage from Reuters, and its logic was validated by the performance of the Indium Phosphide (InP) substrate industry and institutional investors.

$RPI: Initially labeled a “meme stock” by the market, analysts believed it lacked fundamentals. However, financial reports showed the company’s future revenue growth expectations reached 58%, and it was re-evaluated as a high-growth AI hardware company.

$SIVE: Once widely regarded by investors as a “meme stock,” it later gained institutional buying support, attracting attention from institutions including Fidelity Research and JPMorgan Chase, and announced partnerships with companies like Jabil and GlobalFoundries.

Serenity stated, “The market will ultimately decide what is right or wrong, not the angry comments or posts on X (formerly Twitter).” Furthermore, Serenity noted that as investment theses are proven one after another, the final market performance will drown out early noise. Several cases where stocks faced skepticism before gaining market recognition were also listed, including:

$AAOI: Around $30, its management was questioned for being “untrustworthy”;

$LITE: At $300, the photonics industry was thought to be in a bubble;

$RKLB: At $20, it was considered a low-revenue launch company;

$HOOD: At $20, it faced negative reviews due to the GameStop trading restriction incident;

$IQE: Considered a small UK company lacking partnerships in the photonics sector;

$SOI: European bank analysts deemed its valuation too high;

$NBIS: Questioned for having no competitive moat;

$INTC: The market believed it could not compete with TSMC;

$MRVL: Market concerns that its ASIC market share would be taken by Broadcom;

$AEHR: The market misinterpreted its financial report, believing the company lacked revenue;

$EWY: The market believed there was a bubble in the South Korean semiconductor cycle.