Key Points
Samir Arora, Founder & Fund Manager, Helios Capital, says one story that has failed is that there is no limit to the valuation of a good company..
Even now I am short half of them in another fund..
All these 70-80 PE are growing at 10-12% for the last 10 years but they are very good quality companies. . What is looking good from a one-year perspective and what is looking good from a three-year perspective?..
Over 20 years, the fact that I paid an extra premium does not matter but if you look at it one, two, three years, you will have to in theory assume that after two and a half, three years, you might have to sell..
The other storytelling which has failed and rightly so is chemical companies trading at 40 and 50 dimes as if they are some Levers and Colgates of this world..
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