Investing in Small cap domination eventually leads to big wealth creation, Don't overoptimise for valuations here, in-fact optimize for Moat, if the company's business Castle is well moated, the long runway of opportunity will ensure you make a hell of a lot of money regardless.
The likes of Astral and Page hardly ever traded at conventionally cheap valuations since the beginning of last decade, but have still generated immense wealth for investors who have held it with the scarce commodity called "Patience".
While one might think that we chose the likes of astral and page selectively in hindsight, but the truth is truly moated small caps are hard to come by.
And being lenient with valuations is an act to be committed only with a select few.
When in doubt skip!
And being lenient with valuations is an act to be committed only with a select few.
When in doubt skip!
Truly moated companies compensate you more than adequately for sticking with them even through a supposed downturn
.#TataElxsi topped out in july 2018 at levels of 1300, and then went into a downturn, well for those who held on the company has given 3x returns even from the top.
.#TataElxsi topped out in july 2018 at levels of 1300, and then went into a downturn, well for those who held on the company has given 3x returns even from the top.
The crux is:
Being sufficiently rich from trying to be sufficiently rich is better than being definitely poor from trying to be filthy rich.
Invest in Moated Castles!
Being sufficiently rich from trying to be sufficiently rich is better than being definitely poor from trying to be filthy rich.
Invest in Moated Castles!
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