New Delhi, April 27 -- Kenneth Andrade, chief investment officer (CIO) of Old Bridge Mutual Fund and founder director of Old Bridge Capital Management, who views investing as a journey where one pays 'tuition fees' through market cycles, believes that opportunities never really dry up.

"There's always a stock or sector to be found," he said.

He notes opportunities have become easier to spot recently, though that wasn't the case in 2024 and early 2025. With valuations now normalised, he expects more modest returns, likely in the low teens over a longer cycle.

"I think most of the worst is already priced in. If a shock occurs, the opportunity will be much larger."

He said this is a phase where it makes sense to put about 50% of capital ...