Today had an interview on @CNBCTV18Live with @SurabhiUpadhyay and @_anujsinghal. Summarising thoughts on what I spoke about in this thread. Hope you find it useful. 1/n
This time is no different: There are old investors and there are bold investors but there are no old, bold investors 😊 2/n 
Key Ingredients of a 100 bagger - Vision to see/spot them, the courage to buy, and conviction/patience to hold them – patience being the rarest of the three. Consistency gets rewarded, uncertainty gets punished. 3/n
Valuations are overly sensitive to the interest rates which are at the floor and likely to go up and Terminal value which in many cases is under the microscope given technological challenges and shifting consumer preferences. 4/n
Unintended consequences of kicking the can down the line. 5/n
In manufacturing, the market price is set by the smartest guy with the best and cheapest production process. In the stock market, the prices are set by the dumbest guy with the highest propensity to incur capital losses or settle for subpar returns. 6/n
I invest bottom-up but worry top-down and of late there is plenty to worry about. However, we are long on the resilience, innovation, and ingenuity of humankind. 7/n
Big and clean is not only getting bigger, but they are also becoming unbeatable! 8/n
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