Yes I read about Pulak Prasad’s book. Their strategy is similar to you in the sense that ,once they purchase some company, they TRY TO NEVER SELL. About buying, if they are buying only in stressful and covid type situations, then such drawdown are very few in decades. In general, any normal investor’s investing lifetime is more or less 4 to 5 decades, if he starts from 30 and hang his boots on 70 or 80…If there are only 4 or 5 such instances where he gets extreme comditions to enter, then may be he wont be able to deploy his capital properly and specially when he has regular income, most of his money will be in cash form or debt. Such opportunity cost of staying out of market in search of such rare opportunities…is it worthwhile?
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