Mr. Vivek,
If possible can you please elaborate more about massive overvaluation? I am a novice one. Like I understand, we should not sell quality growth when it becomes overvalued, but what is overvalued? Is there any data point you incorporate? Like, discounting 10 years high mid-teen growth in present value? Like if we look at Infy, MS, Cisco around 2000, they still had great runway, great management, and great competitive position, so exactly at what valuation levels you could have pulled the trigger in hindsight?* And why? How exactly you would convince that, yes, it is time to get off the train?
Please elaborate, I might sound dumb, but I am really not able to get my head to the conclusion.
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