Becker Private Equity & Business Podcast
3 of My Direct Holdings Are Getting Crushed 3-6-25
Thu, 06 Mar 2025
In this episode, Scott Becker reflects on a rough market day as three of his direct holdings—Astera Labs, Palantir, and Amazon—take hits, reinforcing the value of index investing.
Chapter 1: What are the three direct holdings affected by the market?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is three of my direct holdings are getting crushed. So this is a sad day in the markets. And I say that jokingly. It's actually a great reminder to me to invest in index funds and not equities. So here are the three stocks that I hold directly that are taking it on the chin. Astera Labs is down 7%.
Chapter 2: How has Astera Labs performed this year?
Chapter 3: What is the current status of Palantir Technologies?
Chapter 4: Why is Scott Becker optimistic about Amazon?
Chapter 5: What lesson does Scott Becker draw from market downturns?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is three of my direct holdings are getting crushed. So this is a sad day in the markets. And I say that jokingly. It's actually a great reminder to me to invest in index funds and not equities. So here are the three stocks that I hold directly that are taking it on the chin. Astera Labs is down 7%.
It's also now down 50% year to date. I woe the day that I ended up owning Astera. Second, Palantir Technologies, which was one of my great winners, is now down 7% today and probably closer to even year to date. It was up about 11% to start the day, but it's probably moving in the wrong direction. Finally, Amazon, which I'm happy I own and I'll probably own for a long, long time.
is down almost 3%, and it's also down about 70% year-to-date. At the end of the day, the markets are, again, getting crushed today. They're down almost 2%. This sort of mix of noise over jobless claims not slowing down as much as expected, new jobless benefits, you know, still – The job market pretty sturdy leads people to believe that Chairman Powell is going to keep rates pretty steady.
And that combined with all this noise over tariffs is leading people to have lots of uncertainty about what's doing the markets. So we're watching those three things. I also can't help but comment on Grindr. Grindr is down 17%, 18% today. I talk about Grindr often because one of my close friends always gets a laugh out of it when I do mention Grindr being down 17%. So there you go.
They've had 75% turnover in their company. And as we talk about turnover, and again, excuse the pun, that's a lot of experimenting with different positions. Thank you very, very much for listening to the Becker Private Equity and Business Podcast. Thank you very much.
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