Deepak Shenoy: Missing the First 10% in Long-Term Investing
Market Strategy Brief: Long-Term Discipline Over Timing
**Source:** Deepak Shenoy, Capitalmind Mutual Fund
Executive Summary
Deepak Shenoy advocates for a disciplined, fundamental approach to investing, explicitly cautioning against the risks of market timing. He emphasizes that navigating uncertain markets requires a steadfast focus on structural growth rather than reactive adjustments to transient volatility.
Key Strategic Insights
* **The Cost of Discipline:** Shenoy argues that missing the first **10% of a market move** is a worthwhile trade-off. Foregoing the initial surge allows investors to prioritize confirmation and consistency over speculative entry points.
* **Fundamental Anchor:** Investment theses should remain anchored in **earnings growth** and long-term economic trends. These fundamentals are cited as the primary drivers of sustainable returns, outweighing daily price fluctuations.
* **Noise Filtration:** Investors are advised to look past short-term market noise and geopolitical headlines. Shenoy stresses that these external factors often serve as distractions that can derail a sound long-term strategy.