I leave you today with a quote from Howard Marks
“Efforts to reduce fundamental risk by buying higher quality assets often increases valuation risks, given that higher quality often sell at elevated valuation metrics. “
I always almost tends to get attracted to stocks like Page, Eicher, Bosch, HDFC, Astral, Mayur, Gruh…. and the list goes on, only to get reminded by the two quotes one mentioned above and one mention below. The below one is myself edited version of Charlie Munger.
Always stay rational and inculcate a contrarian thinking for reasoning at least and long term wealth creation approach as irrationality and stupidity of others will eventually help you.
Stock Idea to ponder over – Edelweiss Financials
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