If people think - buying at lower level of 2020 was not possible - then they are absolutely wrong, coz those who understand value bought it by seeing such cheap valuation.
1) PE as per bond yield was at almost at lowest level.
1) PE as per bond yield was at almost at lowest level.
2) Warren buffet indicator i.e - Macao/gdp was at same level where it was in 2008 crash bottom-~.55.
So buying was very logical and easy.
Intact predicting that index will become 3-4x in short run was also easy.
So buying was very logical and easy.
Intact predicting that index will become 3-4x in short run was also easy.
But do u know what was difficult?
1) difficult was to predict that price won’t fall further- we don’t know this and will never know this - u never know how worst sentiment can hit - but yes we know that it won’t sustain for longer time.
1) difficult was to predict that price won’t fall further- we don’t know this and will never know this - u never know how worst sentiment can hit - but yes we know that it won’t sustain for longer time.
2) it was even more difficult to know or predict that in just one year this kind of boom will come.
U cant time market, if someone think - it’s just pure luck.
U cant time market, if someone think - it’s just pure luck.
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