Bloodbath in small-caps.
Did you choose Equity as an area of expertise?
Ok, then deal with it.
First up, India’s History is laden with scams.
We are where we are despite these.
Secondly, there’s growth. In other parts of the world, there is not much growth.
India is an emotionally volatile nation.
So are its markets.
Since this is where we act, let’s get used to things.
If you’ve been following the small entry quantum strategy, well, then you’ve got ammunition…
…at a time, when the value of this ammunition is immense…
…because lots of stuff has started to go for a song.
You do feel the pinch though…
… because whatever’s already in, is bleeding.
You don’t like it.
Going in at a time like this, you will feel pathetic.
However, for your money, you are getting quality at cheap multiples. This will translate into immense long term wealth. Quality at cheap multiples multiplies fast.
Here are a few reasons you should feel ok about going in.
The small entry quantum strategy has rendered you liquid…
…after sorting out your basic family life, income-planning and what have you.
You are going in with money you don’t require for a longish time.
Muster up the courage.
Get over your pinch.
Generated free cashflow.
Product-profile that’s going to be around.
Less dependency on water.
Make your own list.
Use the stuff above.
Wishing you lucrative investing with no tears and with lots of smiles.