Thank you for sharing this Richard. I imagine it wasn't the most enjoyable post to write, which speaks to your character. We all go through periods like this (I had my fair share of pain in 2022), and it presents a choice: use it as an opportunity to truly learn and improve or sweep it under the rug.
Keep up the hard work my friend; here's to brighter days ahead.
Thanks Alex, it definitely was a very painful experience but if there is one silver lining, it's that it happened relatively early in my career. If I can take away the right lessons from this and build a better process going forward, then I believe that can pay dividends down the road.
Appreciate you taking the time to read and comment!
Thanks for sharing your thoughts in such an open and honest manner. I had a somewhat similar experience: crazy outperformance of the market in 2020-21 followed by a huge drop (~-50%) in 2022. Several lessons learned are also quite similar to yours.
I'm pretty sure that with this honest and rigorous approach you will do fine in the long term!
nice man. Good to see self reflection and desire to improve. This year's crazy market rally again showed investing is a bizarre game, controlled by many large players and out of many's control. Carvana going from $5 to $55 now with the other names in the market show that. Investing is actually more about psychology and luck than identifying names, or uncovering some magic hypothesis.
Thank you for sharing this Richard. I imagine it wasn't the most enjoyable post to write, which speaks to your character. We all go through periods like this (I had my fair share of pain in 2022), and it presents a choice: use it as an opportunity to truly learn and improve or sweep it under the rug.
Keep up the hard work my friend; here's to brighter days ahead.
- Alex
Thanks Alex, it definitely was a very painful experience but if there is one silver lining, it's that it happened relatively early in my career. If I can take away the right lessons from this and build a better process going forward, then I believe that can pay dividends down the road.
Appreciate you taking the time to read and comment!
Thanks for sharing your thoughts in such an open and honest manner. I had a somewhat similar experience: crazy outperformance of the market in 2020-21 followed by a huge drop (~-50%) in 2022. Several lessons learned are also quite similar to yours.
I'm pretty sure that with this honest and rigorous approach you will do fine in the long term!
nice man. Good to see self reflection and desire to improve. This year's crazy market rally again showed investing is a bizarre game, controlled by many large players and out of many's control. Carvana going from $5 to $55 now with the other names in the market show that. Investing is actually more about psychology and luck than identifying names, or uncovering some magic hypothesis.
I think Carvana has the potential for a turnaround after inflation, if they are able to stay alive til then.
I love the way you write, you should post some of your thoughts on those companies on Jika.io , I'd follow that.
That was a very interesting read. Thank you!
I am wondering if you are still convinced about and invested in Cardlytics?