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Tactical investing should not be confused with long-term investing. In a world where geopolitical risk, commodity shocks, and uncertainty are likely to stay high, investors need to think in terms of ecosystems, not just short-term price moves. A short-term bounce is not the same as a long-term growth path. Long-term money needs a different question and a different answer, which might appear wrong when the whole market is green. But remember: The Nifty’s moves for a few sessions is different from growth of earnings that the market seeks.