《Lyn Alden: Debt System ‘Is Breaking’—How High Will Yields Go?》
在GOOGL股价大幅翻倍且自由现金流为负之后，说话者减持了该头寸；此前的看多逻辑已充分兑现，立场转为中性偏空（并非强烈看空）。
我过去非常看好Alphabet。但当它翻了一倍多，考虑到它们所处的规模，当一家市值数万亿美元的公司翻倍，同时自由现金流还转为负值，我最终减持退出了。
I used to be very bullish on Alphabet. Um but when that more than doubled you know the at the scale that they operate at when you know when you have a multi- trillion dollar company double um uh you know I and and and while also going free cash flow negative uh I eventually trimmed out of that.
不是说我现在强烈看空，只是我的看多逻辑基本上已经兑现了。
not say that I'm acutely bearish, but I just my bullish thesis has kind of played out.