We all know all the thesis points of Deepak. All its strengths and good side. And i did a mistake by investing only by looking at these points at very high valuations. But what are anti-thesis of deepak? Is it not a bulk-commodity chemical company? If it is, then does it warrant premium valuations? And then those accidents…I am not trying to dissuade…Point is , dont fall in love with your companies, otherwise you will develop confirmation bias. And we need to look for Consistent performance…not based on some tailwinds like china+1 etc, may be this is not applicable for deepak. Overall for chemical sector from 2018 to 2022 was a roller coaster ride…if you dont personally like such cyclicality, then dont attend chemical companies party…As Rakesh Jhunjhunwala used to say…You dont need to attend all parties in the town…Go to only those parties where classical music or gazals are played, not the rock or pop ( to each his own)
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