My biggest mistakes in the last decade & what I learned.
There are 2 types of Investors in the Market. Those who make mistakes & admit them openly while learning, and those who give the illusion that they never make mistakes. I want to be firmly in the former camp.
Here we go⬇️
Putting those mistakes/examples/lessons down again in the thread below for easy reading.
Note that the lessons learned are very subjective. They are not recommendations. It depends on each person's Portfolio goals & strategies.
OK let's go. ⬇️⬇️
1⃣ Mistake : Actions not aligning to goals & competencies.
Ex : Mainly during 2010-14 - Dabbling in cheap (low quality) stocks & Options (LEAPS, but w/o clearly identified catalysts)
Lesson : Make sure your process and actions are leveraging your interests/strengths and aligned to your Portfolio goals. For me, that was leveraging my patience and interest in quality Cos. Monitor & improve the process over time.
2⃣ Mistake :Confusing between Quality/Durability and Temporary Business momentum or ST stock momentum.
Ex : Buying GILD/SAM in 2016, PTON/FVRR etc in early 2021.