These are the things that worked well in 2022 & most likely will continue to work in distant future too:
1. Buying undervalued stocks made money where growth stocks were beaten down because of inflation & rate tightening.
2. Those who bought in red during the initial Russia Ukraine War days & beginning of the Fed tightening in May-June enjoyed the green July onwards!
3. Buying quality businesses rewarded compared to buying penny stocks.
4. ITC, the underperformer & most trolled stock of 20-21, outperformed the market. Again, value buying helps.
5. Naysayers were again proved wrong. They thought 10k will definitely come. We’re closing the year at 18k.
6. Disciplined Mutual fund SIPs generated superior returns despite the roller-coaster ride.
Now some non-stock market observations:
1. Saw hard work always paid off. Have personally seen those who work hard never regret putting in the work. Non performers perished.
2. In startups & business, the fad of valuations is waning away. Profitable as a success metric is now preferred by many.
3. Those who don’t engage in politics are some of the most peaceful. It’s better to not trust politicians blindly. Maharashtra politicians changed party overnight. Those who aren’t faithful to their own political parties, don’t care about you, civilians.
4. Quality matters. Janta Janardhan. Yeh public hai, sab jaanti hai. Bollywood got brutally punished for crap movies. Never thought the boycott bollywood trend would hurt them this bad.
That’s it for today. Will keep adding to this post at regular intervals.
