An investor understands this aspect of investing after spending over 10-15 years.
We have seen ample stories floating around claiming that, Yes bank is the Next HDFC Bank. Most of the investors are looking for Next HDFC Bank and very few are interested in today’s HDFC Bank. If you invest in the proven names, not only you can have a sound sleep but the earning shocks are also less and Stock Price shocks are also less.
You can enter such high quality stocks when people are not interested in it and Need to sell when every one gets interested in it.
There are such opportunities from time to time.
ITC was available at P/E of 10 in 2021, Coal India was also available at P/B of below its 10 Year Median P/B. These stocks are big names, and still can give you very good returns over next 3 years. Same is applicable to TCS and many other blue-chips from time to time.
I have learned this after long time and Wish that if if I could have understood it 15 years back, probably it would have been good.
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