I thought I was a stock picking wizard until 2022 came

Going into 2022 with portfolio pretty much full of growth tech / biotech hasn't been pretty so far.
Lost about half from that glorious top last year. Better than Cathie Wood though, yay! BTW remember 2020? Everyone loved Cathie. Genomic revolution, yada yada. Now everyone hates Cathie of course. ARK will probably be around for a while, but Zoom is not going to $1500 by 2026. Are you kidding me, Cathie?! Fire those interns aka “analysts” asap.

Ok, enough about Cathie. So after 20/21 marvelous returns (around 100% combined) I thought..holy s**, this is great, I got this…going to pay off my wife medical school loan earlier (a tip: *don't marry anyone with medical school loan debt), maybe we will get bigger house, you know, man can dream (well now at 6% interest rates plus houses being ridiculously overpriced this is not happening regardless of how stock market is doing).

Then 2022 came… Well, I shifted a good chunk of portfolio into GOOGL/AMZN from growth last year, about 20% allocation, but that didn't help much. Biotech in particular has been in BRUTAL bear marker ever. Btw average investor should NOT touch biotechs, especially small cap ones. But if you want to gamble and lose money anyway in the end, sure, go ahead and invest in biotechs, especially development stage ones.

What I learned though during this bear market, well energy or big pharma bros would say, what bear market are you talking about, that your conviction absolutely helps you to hold on to equities during steep corrections. If you did enough due diligence and know what you own, you most likely will stick around even after > 50% decline. If you bought something on borrowed conviction, then most likely you are shaken out by this time.

Hang in there folks, better times will come, unless of course you bought oversized position in Teladoc or Carvana on top
Bear markets are unavoidable. We just need to be mentally prepared for those. Macro bros / FCF “experts” / perma bears think we are going way lower. The thing is that nobody knows. I continue DCAing at this point. I won't catch a bottom and I don't need to honestly. Also all sectors do NOT decline equally as well. If SPY corrects other 20% from here that does not necessarily mean that XBI for instance will follow.

Thanks for coming to my TED Talk.

Top 3 holdings: GOOGL, NET, AMZN (praying for the rest).