Thread by @Prashanth_Krish

As is the norm, the stock shot up 46% from that time in the following months. Those who continued to believe in Yes ridiculed those who missed out on such an opportunity. Today the stock is down 80% from when I wrote the post. The same guys have no opinion on Yes today.

But Yes hasn't been the only stock to fall big time. From DHFL to Jet to India Bulls to Zee, groups and companies all around seem to be going through what can be said to be tough times.

Very few stocks in history recover post crashes of the nature we have seen in stocks with all kinds of bad news floating around them.

Markets discount the future. Stocks don't fall 50% for no reason at all, its just that the reason is currently unknown.

As retail investors, we are last in the line when it comes to "information" Loss Aversion is a well known cognitive bias. But unless you are able to overcome it, its tough to succeed in markets.

Buying Expensive stocks is ridiculed, but you are any day better off with a expensive stock than a cheap stock that is doomed to fail. We are at best coat tailing the promoters and hoping they know best.

But like Rats that jump out of a sinking ship, most promoters have historically emptied their holdings well before the ship submerged under its own weight.

Remember that at the end of the day, we investors don't really have all the information required to assess a business.

If you intend to buy beaten down stocks, focus on buying the market leaders even though they haven't fallen as much as the market laggards.