Over the years I’ve doubted my investing process more. Why? Because I was lucky being early and investing thru record low interest rates/liquidity boom - that was a big driver of returns. The next decade will require a different framework and for that I’m constantly going back to the drawing board.

I like crypto & Harry Potter⚡️ | Sometimes write http://obviously.substack.com | Casts not investment advice

In the evolving landscape of investing, it's crucial to adapt your strategy to changing market conditions. While being early and benefiting from favorable interest rates and liquidity certainly contributed to past success, the next decade demands a nuanced approach.

Yep.  Daniel Peris just wrote a book on this: "The Ownership Dividend: The Coming Paradigm Shift in the Stock Market.”

Good read.

It might be an odd way to think about it but I started reading more traditional investing books like Security Analysis and others as fundamentals start to matter more. Seth Klarman had some great takes on this on the latest update with intersection of tech, market efficiencies and bringing value investing in