I am throwing in the towel now. Have had enough. Nothing seems to work.
Reminds me of the Zombieland quote: " I avoided people like they were zombies before they were all zombies. Now that they're all zombies, I kinda miss people."
I miss the good old days when India was a great success story, and companies were strongly geared for growth - wait, was that just 1 year ago?
This is the despair phase of the market. The same market that I entered in 2013 when the older investors were tired. The cast is different but the eternal truth remains.
If I buy (hang on to) good companies at cheap valuations that earn decent returns on capital, and are good to weather most kinds of storms; I ought to do well.
- Now that was a mouthful and also, a mindful.
Mrs. Market is depressive. And there are decent pockets of pessimistic valuations - I am saying sub 7 PE types.
But now I ask, 'How do I escape my old ideas?' 'Am I stuck with older companies because I believe in their value?' 'Have I become complacent in my assessment of newer companies?'
'Am I reading enough?'
Doubt - I think it makes for a good future.The stress that I had been under was worth my time; and somehow there is a certain peace now that my losses seem to have crystallized.
Somehow I am accepting my fallibility.
Reminds me of the Zombieland quote: " I avoided people like they were zombies before they were all zombies. Now that they're all zombies, I kinda miss people."
I miss the good old days when India was a great success story, and companies were strongly geared for growth - wait, was that just 1 year ago?
This is the despair phase of the market. The same market that I entered in 2013 when the older investors were tired. The cast is different but the eternal truth remains.
If I buy (hang on to) good companies at cheap valuations that earn decent returns on capital, and are good to weather most kinds of storms; I ought to do well.
- Now that was a mouthful and also, a mindful.
Mrs. Market is depressive. And there are decent pockets of pessimistic valuations - I am saying sub 7 PE types.
But now I ask, 'How do I escape my old ideas?' 'Am I stuck with older companies because I believe in their value?' 'Have I become complacent in my assessment of newer companies?'
'Am I reading enough?'
Doubt - I think it makes for a good future.The stress that I had been under was worth my time; and somehow there is a certain peace now that my losses seem to have crystallized.
Somehow I am accepting my fallibility.
