The reason I’m writing this article is because I wanted to be right more than I wanted to make money. At least that’s what caused my 2025 to suck. And frankly, I think I’m not the only one who subconsciously prioritizes being right over making money.
However, let me offer my observation, this piece has quite a few 'Monday morning quarterback' feels.
e.g. "missing 300% run mining stock": I assume you prob said no to other stocks/sectors that are not in your circle of competence, and end up being brilliant decisions, right?
And why mid'25 mining is an obvious bet, other than metals have been surging in the rear mirror?
don't get me wrong. It is great to look in the mirror and keep asking ourselves what we have done wrong, and how we can improve, just be cautious of over-learning.
As I alluded to, the article has many anecdotes that are not scientifically correct. I used them to get my point across. The mining stock was just used as an example for investors like me who say "I categorically don't invest in sector X" or "I just invest in sector Y." While that's fine when it's been a conclusion after conscious research, I believe it's simply a lazy excuse if you've never actually looked at the sector and if you're too stubborn to change your view on certain sectors.
This is a great lesson and always good to be reminded. Expanding the circle of competence is essential (and it can also be quite fun!). I try to keep in mind that is an endless game really, and in the long run, a bad year is of little consequence. Particularly if you choose to learn from it.
always enjoy reading your reflection, Seb.
However, let me offer my observation, this piece has quite a few 'Monday morning quarterback' feels.
e.g. "missing 300% run mining stock": I assume you prob said no to other stocks/sectors that are not in your circle of competence, and end up being brilliant decisions, right?
And why mid'25 mining is an obvious bet, other than metals have been surging in the rear mirror?
don't get me wrong. It is great to look in the mirror and keep asking ourselves what we have done wrong, and how we can improve, just be cautious of over-learning.
Cheers,
Siyu
Thanks!
As I alluded to, the article has many anecdotes that are not scientifically correct. I used them to get my point across. The mining stock was just used as an example for investors like me who say "I categorically don't invest in sector X" or "I just invest in sector Y." While that's fine when it's been a conclusion after conscious research, I believe it's simply a lazy excuse if you've never actually looked at the sector and if you're too stubborn to change your view on certain sectors.
btw, I have 3 mining-related writeups since 2024 that can serve as a gentle introduction for curious minds.
This is a great lesson and always good to be reminded. Expanding the circle of competence is essential (and it can also be quite fun!). I try to keep in mind that is an endless game really, and in the long run, a bad year is of little consequence. Particularly if you choose to learn from it.