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Listen to this article in summarized format Long-term investing, therefore, is less about predicting the next big theme and more about understanding what you own, whether the business can keep growing and whether you are paying the right price. Veteran investor Prashant Jain, Founder of 3P Investment Managers, will bring his decades of market experience to this discussion in a fireside session titled “The 30-Year Investor’s Guide to the Next Market Cycle” at the ET Alpha Wealth Summit 2.0 on October 8 in Mumbai. Jain will discuss what navigating booms, corrections, and recoveries can teach investors about staying disciplined as market conditions change. Why next cycle may need a different approach Markets have been through several major shifts in recent years, forcing investors to rethink how they assess opportunities. The Covid-19 pandemic, geopolitical conflicts, changing interest-rate cycles and the rise of artificial intelligence have altered the drivers of growth across sectors. These changes have also altered how investors assess growth. Trends that once seemed distant are now influencing earnings, capital spending and valuations much faster. This makes it important to look beyond the broader market narrative and focus on micro factors. Business quality and valuations matter For long-term investors, factors such as debt, cash flows, management quality and competitive positioning remain key considerations. Economic growth can provide a favourable backdrop, but returns also depend on the businesses investors choose and the valuations at which they enter. Artificial intelligence is a good example of this. The opportunity may be significant, but investors still need to assess whether companies can turn heavy spending on technology and infrastructure into sustainable profits Risks investors cannot ignore Long-term investing can help investors ride out market cycles, but it does not make portfolios immune to risk. Earnings expectations can change, liquidity can dry up, valuations can fall, and sentiment can turn quickly, triggering corrections even when the long-term business story remains intact. Concentrating too much money in a few popular themes can add risk. Diversification across businesses and sectors can help cushion unexpected market shocks. The framework for the next market cycle therefore comes down to three questions: How is the business performing, what price is being paid for it and what risks are being taken? Explore the forces shaping global wealth and investment at the ET Alpha Wealth Summit 2.0on October 8 in Mumbai. Register now. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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