
EP 334. 2021 Post Mortem and Outlook for 2022
Focused Compounding
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Is There Any Man Lessons That Stand Out to You From Two Thousand 21?
i didn't do a lot of buying or selling the stuff in 20 21. M and i don't think there were large amounts of results for stocks that weren't largely luck based. I try to do the best i can to separate decisions that you made from things that were not, that you would have been able to proceed that way with luck. But sometimes you get lucky with a stock in terms of the multiple expanse or something. Sometimes you get lucky that the earnings expand for reasons you did not foresee. It was reasonable to expect that returns on equity would go up at some point in this kind of thing - it was just unusually not volatile.
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