2022 in Review: No Prisoners
Rising interest rates take no prisoners; market action in 2022 was no exception to this rule. In this annual review letter, I:
1. Review my investment performance against a difficult market backdrop
2. Discuss falling for the "COVID Trap" when making stock purchases in 2021 and 2022
3. Make a case that track records built by unprofitable business models could be viewed with more scrutiny
As always, I look forward to hearing your thoughts, comments, and criticisms.
Please feel free to share this letter or reach out to me for further discussion.
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