Mostly our textbook example says that when a business earns a high ROCE/ROE and you get a stock with a low PE is a must buy to generate better wealth, but somehow there is a difference to be identified between a cyclical companies and a sustainable, consistent wealth generating companies, I have seen many of the individuals ( Including me) thought with such criteria I have dig out a multi-bagger stock but in reality haven’t minted money in any of those, I felt there is something surely wrong with my analysis, talking with few people and observing the markets I get to some conclusions which I am sharing with you via my twitter thread, please have a read at it to understand the minor but an important lesson.
There is one saying by Chanakya “Learn from the mistakes of others, you can’t live long enough to make them all yourselves”.
Hope you learn a basic lesson from this thread.
https://twitter.com/pujanshah_15/status/1611272279417311233?s=20&t=ZRMJN3h0A_R6ez4ftoGakA
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