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There is a time for everything under the sun. And as investors, we just have to respect the cycle (and Mr Market who is behind the cycle)
Has The Demise Of The Growthsters Been Greatly Exaggerated?
I know of a number of thoughtful, good growth investors. I am highly confident that they didn’t just get lucky. Yes, the bubble of the last few years flattered their returns and made them look even better than they are. However, when we come out on the other side I believe that their skill will result in good or in some cases great long-term track records.
The problem is that for every such investor, there are many, many people who did just get lucky. The worst part? To most people, they look and sound just like the skillful growth investors. They publicly pontificate about their clever mental models. Their special research skills. And so on. They are really just self-promoters riding the wave and taking advantage of a period of favorable sentiment for the kind stocks that they traffic in.
https://behavioralvalueinvestor.com/blog/growthsters
Has The Demise Of The Growthsters Been Greatly Exaggerated?
I know of a number of thoughtful, good growth investors. I am highly confident that they didn’t just get lucky. Yes, the bubble of the last few years flattered their returns and made them look even better than they are. However, when we come out on the other side I believe that their skill will result in good or in some cases great long-term track records.
The problem is that for every such investor, there are many, many people who did just get lucky. The worst part? To most people, they look and sound just like the skillful growth investors. They publicly pontificate about their clever mental models. Their special research skills. And so on. They are really just self-promoters riding the wave and taking advantage of a period of favorable sentiment for the kind stocks that they traffic in.
https://behavioralvalueinvestor.com/blog/growthsters