Intuitive Surgical: A Portfolio Manager’s Reflection
Since its initial public offering in 2000, Intuitive Surgical has delivered returns exceeding 25,000%. Such figures are the stuff of legends—or so one might think. But today, the stock hovers in the middle of its 52-week range, neither rising to meet the applause of investors nor collapsing under the weight of despair. Is this stagnation a temporary malaise, or does it signal something more profound?