It’s been 4 months since my distilled analysis. The price has largely stabilized though not yet at 5500 levels but much above the depths of 3600. It’s too early to predict future but it is time to remind ourselves of a few points.
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Never say no one will buy or get into moral pontification. Example: A student copied in the exam. It is both morally and ethically wrong. The max that can happen is debar as per our law. You can not hang the kid for it.
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Scandals always happen in all the economies. Our job as analysts is to estimate the impact and buy if the fall is reversible.
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Some Investors may be offended by the above. I would like to remind what Warren Buffett did during Amex salad oil scam. He calculated rationally and bought a huge chunk of Amex. Not taught Amex on how to be ethical.
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There will be some Investors who will sell at that time it’s their prerogative, but don’t get influenced. Take your decision on its merits.
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All the above doesn’t mean I support promoters activity or I know all the future outcomes. BUT Do quantify the outcomes and Invest.
I am thinking of posting my timely insights in a single thread, so that I can revise if there’s been any changes in thesis. Please DM me on which place is ideal for a such posts.
Disc: Invested. I’m not a SEBI RIA. Please consult an RIA before investing.
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