Say's a man with a bearish view on Indian markets on odd days, optimistic(not bullish) view on even days.
His assertions always end with - 'Markets are overvalued, a correction is imminent'.
I received an email from Zerodha elaborating why the stock is overvalued, risky and has given a pittance of 3% returns in 2021 while other bank stocks performed better.
Am long HDFCBank and BankNifty. Let's see kal kitne pe khulta hai...
Gold that was imported must've been recycled, resold, pledged several times creating value almost every time for the owner. It is something that is more liquid than a share. Try selling your shares when the scrip is stuck in lower circuit. You won't see that with gold.
Let's see how every startup performed from the day of registration, how many directors got blacklisted for not filing returns as they could not generate a rupee in revenue and how many investors have burnt their fingers in these startups.
Yes, startups create wealth for the promoters, kids with skills in a programming language of the late 80's and 90's end up making 40 lakh per annum, eventually get laid off in two years time and keep wondering why Django isn't really taking off ... and go back to front end development and Node JS.
Yes, we understand valuations are high but we also know when to jump ship.