I find very hard to predict stock price even 6 months down the line so it’s impressive to such confident forecast of 540 (an interestingly precise reference) for 10 years down the line.
I have seen too much faith being put in DCF but methodology has been mostly rejected by highly seasoned investors including Mr Buffett.
Considering that investing in equity market is far from exact science and one has no clue about the future, all one can do is to find a fairy good company run by capable management and hope for the best. That’s how Mr Jhunjhunwala found Titan when no amount of DCF would have justified his bold call on the company.
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