This is a post for Capital Mind Premium subscribers.
At Capital Mind we’ll question our own theories constantly. Nothing is sacred because nothing in investing is. You could tell me that we should invest in banks with a price to book ratio of less than one. I will point you to the large number of public sector banks and laugh. Because their “book” is overstated – no one believes they have accurately calculated their NPAs (which would reduce their book value).
You have to question assumptions, especially those based on data, because data can change.
The rest of this content is only available to premium members.
Register for a premium membership today! Apart from this content you will get our proprietary research and weekly newsletter too!
Already a subscriber? Log in now!