Nifty 500 Growth 50: A Beginner’s Guide to the Newly Launched Index 13Sep2026

Nifty 500 Growth 50: A Beginner’s Guide to the Newly Launched Index 13Sep2026

 
Follow @vrk100
 

(This is my 535th blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.

The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. 

Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.) 

The article is about Nifty 500 Growth 50 Index, introduced by India's premier exchange, NSE India on 26Aug2026. NSE lists the index as a Strategy index.

 

1) Introduction and Importance

The Nifty 500 Growth 50 is a new index from NSE Indices Ltd that tracks 50 companies from the Nifty 500 Index showing strong growth. It considers their profit growth, sales growth and stock return performance while selecting companies. 

The index gives investors a simple way to follow a basket of growth-focused companies and could also become the basis for products such as exchange traded funds or ETFs and index funds.

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Related blogs:

Nifty Indices Broad Market and Sector Review – August 2026 06Sep2026

Nifty Smart Beta Indices Review - August 2026 06Sep2026

Nifty Indices Broad Market and Sector Review – July 2026  02Aug2026

Inside the Nifty 500 Index: How It Changed from 2021 to 2026 28Jul2026 

Nifty 500 Snapshot 30Jun2026

A Simple Guide to the Nifty India FPI 150 Index 04May2026 

BSE 500 Versus Nifty 500: Same Market, Different Indices 02Jan2026  (NSE Indices / Nifty Indices) (BSE Indices)

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2) How exactly NSE selects these 50 growth stocks?

So how did NSE arrive at these 50 companies? 

All the 50 stocks are drawn from the broader Nifty 500 Index.

NSE looked at three measures for every eligible stock:

> three-year profit growth, 

> three-year sales growth, and 

> one-year risk-adjusted stock performance

And, NSE then combined them into an overall growth score. The companies with the strongest scores made the cut, subject to rules on liquidity, stock and sector weights. 

For investors, the index can therefore be a useful starting point to discover interesting companies and sectors, rather than a portfolio to blindly copy — especially since its concentrated nature can make it relatively risky for novice investors.

3) Index's Portfolio Characteristics

Methodology: Tilt weighted 

Tilt weighted means the weights are influenced not just by a company’s size but also by its growth score. Companies with stronger growth scores can receive a higher weight, while stock and sector caps prevent any one company or sector from becoming too dominant.

Each stock’s weight is derived by multiplying its free-float market capitalisation by its growth score. It then applies a 5 per cent stock cap and a 30 per cent sector cap.

No. of Stocks: 50

Index launch Date: 26Aug2026

Index base Date: 01Apr2005

Base Value: 1000

Calculation Frequency: End of day

Index Rebalancing: Half yearly (June, December) 

At present, there are no passive funds such as exchange traded funds (ETFs) or index funds tracking this index. 

4) Fundamentals, risk and return ratios

All the data are as of 31Aug2026.

PE ratio: 42.9

PB ratio: 8.8

Dividend yield: 0.23 

Total returns (these are theoretical / back tested returns, readers should not interpret them as an indication of future performance):

YTD: 10.7%

1-year: 17.1%

5-year: 17.5

Standard deviation:

1-year: 20.6%

5-year: 20.1% 

5) How does it compare with its parent index Nifty 500?

The Nifty 500 Growth 50 is quite different from its broader parent, the Nifty 500.

While financial services dominates both, the Nifty 500 Growth 50 has a much higher allocation to capital goods at 28.9 per cent.

Its top holdings are also different, with growth-oriented names such as Dixon Technologies, MCX, Nykaa and Trent featuring prominently.

The Growth 50 trades at a much higher PE of 42.9 versus 22.7 for the Nifty 500, and a PB of 8.8 versus 3.3.

The child index's dividend yield is also much lower at 0.23 per cent, compared with 0.95 per cent for the parent index.

This suggests investors are paying a significant premium for the growth potential of its companies in the Growth 50 Index.

For investors, the Growth 50 Index is therefore more concentrated and growth-focused, with potentially higher returns but also higher valuation and concentration risks.

The higher valuation for Growth 50 indicates that a significant part of the expected growth may already be priced into these stocks. In my view, this leaves less room for disappointment if future growth falls short of market expectations.

Even volatility, as represented by standard deviation, for the Nifty 500 Growth 50 is much higher versus the parent index, indicating the riskier nature of the index. 

6) Sector Allocation and Top Stocks:

Capital goods, financial services and consumer services stocks dominate the index.

Chart showing top 10 sectors and top 10 stocks in the index >

Sectors:

The biggest thing to note is the index’s sector concentration: Capital Goods and Financial Services together make up 56.6 per cent, while the top five sectors account for 81.2 per cent.

This makes the index more sensitive to developments in a few key parts of the economy than the broader Nifty 500.

For small investors, this concentration can increase risk if sectors such as Capital Goods or Financial Services face a prolonged slowdown.

However, the concentration is also a result of the index’s focus on companies with stronger growth characteristics.

Stocks:

The top 10 stocks also show how strongly the index leans towards growth-oriented companies, rather than simply the largest companies in the market.

Dixon Technologies has the highest weight at 6.09 per cent, followed by MCX at 5.65 per cent and FSN E-Commerce (Nykaa) at 5.48 per cent.

Jio Financial Services, Cummins India and GE Vernova T&D India are the other stocks with weights above 4 per cent.

The top 10 stocks account for 47.5 per cent of the index, highlighting concentration risk.

The full list of 50 stocks is provided at the end of the article. 

7) Action button 

The Nifty500 Growth 50 is an interesting new lens through which to look at Indian equities. Its methodology brings together companies showing strong profit and sales growth, but the resulting portfolio is concentrated and commands a significant valuation premium over the Nifty 500. 

For individual investors, its biggest value may therefore be as a starting point for research — a way to discover companies and sectors that merit a closer look, rather than a ready-made list of stocks to buy. 

 

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References:   

Press release on index introduction

Nifty Indices Research Papers

Nifty Indices methodology document PDF

Nifty Indices factsheets 

Nifty 500 Growth 50 Index

Nifty 500 Growth 50 factsheet PDF 

Inside the Nifty 500 Index: How It Changed from 2021 to 2026 28Jul2026

 

Screenshot of Nifty 500 Growth 50 Index factsheet PDF  for Aug2026 >

Sector wise list of all the 50 stocks in Nifty 500 Growth 50 Index >

Nifty Indices Broad Market and Sector Review – August 2026

Nifty Indices Broad Market and Sector Review – August 2026: Nifty Indices Performance and Valuation at a glance 06Sep2026

 
Follow @vrk100
 

(This is my 534th blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.

The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. 

Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.) 

This periodic snapshot brings together the latest performance and valuation data, as of 31Aug2026, for the broad Nifty indices and the major market sectors. 

The aim is to understand what the numbers are saying today. It is not to predict what will happen next.

The data in this article are as on 31Aug2026, unless otherwise stated. 

This article builds on an earlier article (with data as of 31Jul2026). Please check it if you're interested. 

(article continues below)

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Related blogs:

Nifty Smart Beta Indices Review - August 2026 06Sep2026

Nifty Indices Broad Market and Sector Review – July 2026  02Aug2026

Inside the Nifty 500 Index: How It Changed from 2021 to 2026 28Jul2026 

Nifty 500 Snapshot 30Jun2026

Nifty Valuation Tracker Series: June 2026 Update – Broad Market and Smart Beta Indices 04Jul2026 

BSE 500 Versus Nifty 500: Same Market, Different Indices 02Jan2026  (NSE Indices / Nifty Indices) (BSE Indices)

The Hidden Rotation in Indian Markets: Capex Leads, Mid/Smallcaps Rise, Financials Lag 02May026  (NSE Indices, Nifty Indices, Nifty sector indices) (Capital goods sector very broad)

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1 Broad Market Performance

Chart showing Nifty Broad Indices Trailing Returns >

The broad market delivered mixed results over different time periods.

During the last one month, Nifty Smallcap 250 was the strongest performer with a return of 5.5 per cent. Nifty Smallcap 250 also posted a healthy gain of 2.6 per cent. 

Looking at the past three months, 1-year, 5-year and 10-year, Nifty Microcap 250 is the strongest performer of all broad market indices. 

On a 3-year basis, Nifty Next 50 provides the highest returns, closely followed by Nifty Microcap 250 index. 

The long-term picture continues to be encouraging. Over three, five and ten years, every broad market index has delivered positive annualised returns, though Nifty 50 has been the weakest of them.

One important lesson is that market leadership keeps changing. The best-performing index over one year may not remain the best over longer periods.

2 Broad market valuations

Chart showing Nifty Broad Indices Valuation Data >

It's better for investors to look at trailing returns in conjunction with valuations. 

Among the broad indices, Nifty Next 50 has the lowest PE ratio at 19.5. Nifty 50 is close behind at 20.4 and it also offers the highest dividend yield of 1.17 per cent. 

Nifty Smallcap 250 index has the highest PE ratio, while Nifty Microcap 250 offers the lowest dividend yield. 

It's apparent larger companies are more reasonably valued than smaller companies based on current market prices.

3 Sector performance

The sector analysis covers the top 10 sectors by weight in the Nifty Total Market Index as of the latest available data. The sector weights are shown in the table below.

The largest sectors by market weight provide a useful view of where market value is concentrated and how different parts of the market are performing.

Chart showing Top 10 Nifty Sectors by Weight in Nifty Total Market Index – Trailing Returns Performance > 

As shown in the above chart, the top 10 sectors in Nifty Total Market index have a representation of 82.9 per cent in it.

Sector performance often changes much faster than broad market performance.

On a 3-year and 5-year basis, auto and capital goods have been the best performers among sector indices. 

Telecommunications and Metals have delivered an impressive recovery over the past year. 

Financial Services remains the largest sector in the market. Its long-term returns have been steady rather than spectacular.

Healthcare has remained resilient across most time periods.

Not every sector has performed well recently. FMCG, Oil & Gas and IT have recorded weaker one-year returns.

Surprisingly, Nifty Consumer Services delivered a strong 3-month return of 16 per cent. 

As is known globally, sector performance is cyclical as market participants undertake sector rotation quite often. 

(check References and Additional Notes at the end of the blog for calendar year returns of Nifty Sector Indices for years 2018 to 2025)

4 Sector valuations

Chart showing Top 10 Nifty Sectors by Weight in Nifty Total Market Index – Valuations >

Sector valuations show where investor expectations are highest.

Financial Services has one of the lowest PE ratios at 16.1. Oil and Gas also trades at a relatively low PE of 11.0.

At the other end of the spectrum, Capital Goods and Healthcare trade at PE ratios above 44. Investors appear willing to pay a premium for their expected future growth.

Dividend yields also differ across sectors.

IT and Oil and Gas offer the highest dividend yields among the major sectors.

Consumer Services offers the lowest dividend yield.

High valuations do not automatically mean a sector is overvalued. Likewise, low valuations do not guarantee better future returns. Valuations simply reflect what the market currently expects.

5 Summary

Markets are dynamic. Every month / quarter brings new winners, new laggards and changing valuations.

That is why it is useful to review the data regularly instead of relying on headlines or short-term market moves.

The purpose of this periodic review is to provide a simple, data-based view of the market. Over time, these updates will also help readers see how trends evolve across market cycles.

This article is meant purely for educational purposes. It is not investment advice or a recommendation to buy or sell any security, index or mutual fund. 

Past performance does not guarantee future returns. Please do your own research or consult a qualified financial adviser before making investment decisions.

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References and Additional Notes:

Nifty 500 factsheet

NSE Index dashboard Aug2026

Nifty Return Profile

Nifty Index factsheets 

Nifty Sectoral Indices Calendar Year Returns: 2018 to 2025: Top 10 Sectors in Nifty Total Market Index > Click on the chart to view better >

Screenshot of Nifty Total Market (750 stocks) factsheet 31Aug2026 >

Nifty Smart Beta Indices Review – August 2026

Nifty Smart Beta Indices Review – August 2026: Nifty Smart Beta Indices Performance and Valuation at a glance 06Sep2026

 
Follow @vrk100
 

(This is my 533rd blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.

The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. 

Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.) 

This is a follow-up to my November 2025 article on factor investing and smart beta indices in India. This monthly review tracks how selected Nifty Smart Beta indices are performing against the Nifty 50 and Nifty Midcap 150. 

It also looks at their trailing returns and valuations. 

The aim is to see which factors are doing well and whether the earlier trends are continuing. 

(article continues below)

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Related articles:

Nifty Indices Broad Market and Sector Review – July 2026  02Aug2026

Factor Investing in India: Do "Smart Beta" Indices Outsmart Nifty 50 and Midcap 150?  24Nov2025

Nifty Midcap 150 Quality 50 Index: Has Quality Lost Its Edge? 10Aug2025

Decoding the Nifty Midcap 150 Quality 50: A Midcap Strategy Built on Fundamentals 07Aug2025 

Passive Titans of India: The Top 10 Equity Indices by Fund Size 17Jul2025

India Flagship ETFs with Low Fees and Fair Trading Volumes 12Jun2025 

 

Low Expense Ratios, High Returns: Why Passive Equity Funds Matter 06Jun2025 

 

How to Buy Nifty Midcap 150 Index (passive funds) 03May2024

Analysis of Nifty 100 Low Volatility 30 Index 12Sep2023

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1. Performance of smart beta indices

The latest data show a mixed picture across Nifty smart beta strategies. Short-term performance varies considerably, but the longer-term record remains relatively strong for most indices.

Chart showing Trailing returns of select Nifty Smart Beta indices >

(Check references and notes at the end of the article for  calendar year / annual returns of select smart beta indices from 2015 to 2025)

2. What do the trailing returns show?

Momentum remains the strongest performer over the longer periods. Nifty Midcap 150 Momentum 50 delivered annualised returns of 18.2 per cent over three years, 18.1 per cent over five years and 20.8 per cent over ten years. 

Nifty 500 Momentum 50 also recorded a strong 19.0 per cent annualised return over ten years.

The Nifty 50, by comparison, delivered 12.0 per cent a year over ten years. This suggests that momentum has continued to be the standout factor over the longer term.

However, recent returns are less convincing. Nifty 500 Momentum 50 gained 5.1 per cent over one month and 12.0 per cent over one year. This shows that recent performance should not be confused with its much stronger long-term record.

Interestingly, Nifty 50 Equal Weight has outperformed the Nifty 50 because it gives much less weight to the largest stocks and spreads exposure more evenly across companies. 

This has helped as sectors such as Auto, Metal and Telecommunications have performed strongly, while Financial Services (with the highest weight of 36.5 per cent in Nifty 50 index as of 31Aug2026) has delivered dismal returns.

In other words, the equal-weight approach has benefited from broader market participation rather than depending heavily on a few large Nifty 50 stocks. This has supported both its recent and longer-term performance.  

3. Low volatility and quality

Low volatility has been more defensive. Nifty 100 Low Volatility 30 delivered a 13.0 per cent annualised return over ten years. Its one-year return, however, was only 0.9 per cent.

Quality indices have delivered reasonable long-term returns but have not matched momentum. 

They also trade at higher valuations. Nifty 200 Quality 30 has a PE ratio of 27.9, while Nifty Midcap 150 Quality 50 has a PE ratio of 32.1. The latter also has a high PB ratio of 7.2.

4. Valuations matter

Chart showing valuation data, consisting of PE ratio, PB ratio and dividend yield, of select Nifty Smart Beta indices >

Nifty 50 is relatively cheap, on both PE and PB ratios, compared to eight Nifty smart beta indices presented here. 

The valuation data provide an important counterpoint to the return numbers. Strong past performance does not automatically mean that an index is attractively valued. 

Investors need to consider what they are paying for that performance.

5. Momentum remains the long-term leader

The latest data broadly support the conclusion from my earlier article: momentum remains the strongest long-term performer among the selected smart beta strategies.  

But momentum is also more cyclical. It can perform very well when market trends are strong and reverse sharply when market leadership changes. 

Low volatility tends to offer greater stability, while quality provides a more balanced approach.

6. What should investors make of this?

There is no single smart beta factor that wins in every market phase. The latest numbers again show the importance of looking beyond short-term returns.

Momentum has the strongest long-term record, but its recent performance needs monitoring. Low volatility offers a more defensive option. 

Quality has produced steady returns, but its relatively high valuations are worth watching.

7. Conclusion

The latest review does not change the broad conclusion from November 2025. Momentum continues to lead over the longer term, while other factors offer different risk and return characteristics. The next update will show whether this pattern continues or whether factor leadership begins to change.

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P.S. dated 07Sep2026: The following data were included after the blog was published on 06Sep2026.

Review of performance of select passive funds (index funds and ETFs) benchmarked to four smart beta indices >

Chart 1: Trailing returns of smart beta passive funds and benchmark returns tracking Nifty 200 Momentum 30 TRI index > Click on the chart to view better >

Chart 2: Trailing returns of smart beta passive funds and benchmark returns tracking Nifty 100 Low Volatility 30 TRI index > > Click on the chart to view better >

Charts 3 and 4: Trailing returns of smart beta passive funds and benchmark returns tracking Nifty 200 Quality 30 TRI and Nifty Midcap 150 Quality 50 TRI indices > > Click on the chart to view better >

Observations from the above four charts >

> none of the above passive funds have more than five year track record, except one fund

> most of the select smart beta passive funds are of recent origin, lacking long term track record

> As can be seen from the benchmark returns, these select smart beta Indices have provided dismal returns on a 3-year and 5-year basis, as Indian equities have not been performing well for the past two years

>  the expense ratios of several passive funds are high; raising doubts about the investability of several funds

>  all data are as at the end of 04Sep2026

> AUM data are as of 31Jul2026

> all data of index funds are for regular plans

> 2-year to 5-year return data are annualised

> the actual performance of the passive funds is lower than the benchmark returns of the respective indices due to the fact that smart beta funds have tracking error (like all passive funds) and higher expense ratios

> there is no guarantee passive funds will match the benchmark returns, though they may try to do so as per the investment mandate 

> For ETFs or exchange traded funds, you need to check the volume data also 

> For all passive funds, don't forget to check tracking error

> Compared to Nov2025 data, expense ratios in Sep2026 have risen and AUM has come down in most cases-- indicating lack of investor interest in these smart beta passive funds

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Comparative charts of some smart beta funds from Rupee Vest >

1. returns and expense ratios >

2. standard deviation, Sharpe ratio and valuation ratios >

3. large-cap, mid-cap and small-cap weights and top 10 stocks >

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References and notes:

Nifty Return profile

Nifty Index Dashboard monthly - Aug2026 PDF 

Nifty indices factsheets

Nifty indices methodology document

Chart showing calendar year / annual returns of select smart beta indices from 2015 to 2025 >

Click on the chart to view better >

Chart showing Index Reconstitution of NSE / Nifty Indices  - Nifty Smart Beta Indices Rebalancing Frequency >

Learning to Make Decisions Under Uncertainty 28Aug2026

Learning to Make Decisions Under Uncertainty 28Aug2026

 
Follow @vrk100
 

(This is my 532nd blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.

The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. 

Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.) 

One of the most important skills an investor can develop is the ability to make good decisions under uncertainty.

Financial markets are uncertain by nature. Information is incomplete, circumstances change, outcomes are often unpredictable and volatility is unavoidable. 

Yet during periods of market stress, the natural instinct is to seek certainty — to understand what happens next, protect capital from further losses and wait for greater clarity before acting.

The problem is that markets rarely provide that clarity when it matters most.

When financial history is studied, one recurring feature stands out: there is always some form of regime change or regime shift. As the cliché goes, history rhymes, but it does not repeat.

Human behaviour remains remarkably consistent. Fear, greed, optimism, panic and overconfidence are permanent features of financial markets. But the circumstances in which these emotions play out are constantly changing — interest rates, inflation, technology, regulation, geopolitics, global linkages and policy responses.

Consider the difference between the pre-COVID and post-COVID worlds. Much of the 2010–20 period was characterised by relatively low inflation and low interest rates. The post-COVID environment has been very different, shaped by higher inflation, higher interest rates and significant disruptions to global supply chains.

Same markets. Many of the same participants. But the economic and market backdrop is different.

This is why history does not repeat: regimes change. But history rhymes because human behaviour does not.

The challenge becomes particularly visible during sharp market sell-offs.

When prices fall rapidly, it can seem obvious that the sensible course of action is to sell, wait for the uncertainty to pass and buy back at lower levels. This is where overconfidence and the illusion of control can become dangerous.

Investors tend to overestimate their ability to time exits and re-entries. They also overestimate their ability to act decisively when markets are moving rapidly and emotions are running high.

In reality, prices can move faster than information can be processed. New information can change the probabilities. Narratives can shift overnight. What appears obvious today may look entirely different tomorrow.

Market timing requires being right twice: selling at the right time and buying back at the right time. Even professional investors struggle to achieve both consistently.

A recent example was the market turmoil following the outbreak of war against Iran on 28Feb2026. The resulting disruption around the Strait of Hormuz created significant uncertainty around energy supplies and oil prices, with potentially serious implications for India's economy. 

Indian equities experienced a severe drawdown during March, while uncertainty continued into early April.

At the time, however, nobody knew how long the disruption would last, how far oil prices could rise, how the conflict would evolve or how governments, central banks and markets would respond.

Yet those were precisely the circumstances in which important investment decisions had to be made.

In hindsight, decisions made during March and April may appear obvious because subsequent events are known. They were not obvious at the time. The investors who were able to assess the risks, tolerate the volatility and act despite the uncertainty were subsequently rewarded as the outlook evolved and markets recovered.

John Templeton offers a remarkable example from September 1939, when Germany invaded Poland. He reasoned that if the conflict developed into a world war, demand for a vast range of American products would surge, potentially benefiting a large number of American businesses. 

He opened the Wall Street Journal and identified 104 companies trading at one dollar or less and invested USD 100 in each. 

After five turbulent years, he had made a profit on 100 of the 104 investments and, according to the account, turned his USD 10,400 into roughly five times that amount. He did not know how the war would unfold; he simply recognised an asymmetric opportunity amid extraordinary uncertainty.

The lesson is not that every sell-off is a buying opportunity, nor that investors should attempt to predict the bottom.

The deeper lesson is that uncertainty itself should not become a reason for paralysis.

The more useful question is not, “Can the market be predicted?”

It is, “Can a sensible decision be made without knowing what happens next?”

It helps to separate what can be controlled from what cannot.

Market prices, economic outcomes, geopolitical events and the timing of the next shock are beyond our control. Volatility cannot be avoided, and no one knows the exact top or bottom.

What can be controlled is how decisions are made.

Assess the risks before investing. Consider different possible outcomes rather than relying on one prediction. Set clear rules before emotions take over.

Avoid knee-jerk reactions. Scale decisions gradually when appropriate. And judge a decision by the quality of the thinking behind it, not simply by whether the eventual outcome was good or bad.

Risk aversion should not mean avoiding risk altogether. It should mean understanding the risks being taken, assessing the range of possible outcomes and sizing decisions accordingly.

The goal is therefore not perfect market timing. It is effective decision-making under uncertainty.

Good investing does not require certainty about the future. It requires the ability to act when the future is uncertain — while remaining aware of what is known, what is unknown and what could change the assessment.

Uncertainty is not something to conquer.

Volatility is not something to fear.

Both are permanent features of financial markets.

The real investing skill is learning to navigate them without being overwhelmed by fear, greed, overconfidence or the illusion of control.

The objective is not to become certain about an uncertain future.

It is to become comfortable making sensible decisions without certainty.

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References:

Tweet thread 22Mar2026 on embracing uncertainty and volatility

The Pitfalls of Market Timing – And Why FOMO is Your Worst Financial Adviser 12Jul2025 

Richer, Wiser and Happier: How the World's Greatest Investors Win in Markets and Life - by William Green