Buying overvalued stocks never made sustainable money in the long term.
No matter the quality. No matter the moat. If you overpay, chances are slim that you’ll make big money. Because there’s no margin of safety.
Coffee-Con investing sounds good while listening, though is a pain in neck while investing.
All the diamonds are turning into dust now.
Those who bought Asian Paints, Relaxo, Bajaj Finance, etc at top are going to have hard time to break even & then make bumper profits.
Apparently, Buying At Any Price (BAAP) is turning out to be PAAP (sin) for many investors.
One should never challenge the fundamental principles of market. Market has its own ways to teach lessons.
