{"id":1138,"date":"2024-07-12T13:16:21","date_gmt":"2024-07-12T13:16:21","guid":{"rendered":"https:\/\/cedcapital.in\/?p=1138"},"modified":"2024-07-12T13:16:21","modified_gmt":"2024-07-12T13:16:21","slug":"test-match-vs-t20-match","status":"publish","type":"post","link":"https:\/\/cedcapital.in\/?p=1138","title":{"rendered":"Test match Vs T20 match"},"content":{"rendered":"<p><span style=\"font-family: tahoma, arial, helvetica, sans-serif; font-size: 14pt;\">10 Overs, 40 runs, 0 wickets. How\u2019s this for a first innings cricket match score? You will rightly ask \u2013 What\u2019s the <em>format<\/em> of this game? It\u2019s a bad score for a twenty-twenty (T20) match, average score for a one day (ODI) match and a decent score for a test match. And if it\u2019s indeed a test match with bouncy pitch, overcast conditions and the best bowling unit in the world &#8211; you will say it\u2019s a <em>fantastic<\/em> score.<\/span><\/p>\n<p><span style=\"font-family: tahoma, arial, helvetica, sans-serif; font-size: 14pt;\">In cricket and in investing, it\u2019s impossible and, even, unfair to judge a score without knowing what format of the game it is. What\u2019s good for T20 may be bad for test matches. <strong>What\u2019s good for momentum trading may be bad for long term investing<\/strong>.<\/span><\/p>\n<p><span style=\"font-family: tahoma, arial, helvetica, sans-serif; font-size: 14pt;\">We are playing a test match and not a T20. The key to <em>success<\/em> \u2013 both in test match batting and long term investing &#8211; is to leave or defend the balls that are risky. And, hit only when the ball is in the <em>sweet zone<\/em>.<\/span><\/p>\n<p><span style=\"font-family: tahoma, arial, helvetica, sans-serif; font-size: 14pt;\"><strong>This investing sweet zone for us is buying sustainable businesses, run by able and honest management, at reasonable prices<\/strong>. And so long the ball is not in this zone \u2013 either the business and\/or management and\/or price are bad, we wait, and wait and wait. For that juicy half volley or full toss right in our zone. They normally come.<\/span><\/p>\n<p><span style=\"font-family: tahoma, arial, helvetica, sans-serif; font-size: 14pt;\">T20s are more popular than test matches. Similarly, short term investment horizon and momentum based trading are more common than long term horizon and value oriented investing. Popular attention is focussed on what\u2019s going to happen next day, week or month in markets. This should not let us forget that <strong>we are playing a different game<\/strong>.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>10 Overs, 40 runs, 0 wickets. How\u2019s this for a first innings cricket match score? You will rightly ask \u2013 What\u2019s the format of this game? It\u2019s a bad score for a twenty-twenty (T20) match, average score for a one day (ODI) match and a decent score for a test match. And if it\u2019s indeed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,1],"tags":[],"class_list":["post-1138","post","type-post","status-publish","format-standard","hentry","category-investment-process","category-investment-psychology"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cedcapital.in\/index.php?rest_route=\/wp\/v2\/posts\/1138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cedcapital.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cedcapital.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cedcapital.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cedcapital.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1138"}],"version-history":[{"count":2,"href":"https:\/\/cedcapital.in\/index.php?rest_route=\/wp\/v2\/posts\/1138\/revisions"}],"predecessor-version":[{"id":1140,"href":"https:\/\/cedcapital.in\/index.php?rest_route=\/wp\/v2\/posts\/1138\/revisions\/1140"}],"wp:attachment":[{"href":"https:\/\/cedcapital.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cedcapital.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cedcapital.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}