valuation
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Regulatory Risk: Hiding in Plain Sight
Regulatory risk is again in the spotlight, after IRDAI’s recent proposals to cap insurance expenses and commissions. IRDAI’s discussion paper was released on the 23rd of September and the next day, stocks of insurers, distributors and banks crashed. The collapse of market favourite, PB Fintech (Policybazaar) was the most dramatic. The stock fell 36% in… Continue reading
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Have we moved the valuation goalposts?
Investing’s golden rule is simple: buy cheap! Every investment guru has said this — sometimes in books, sometimes on Twitter, sometimes while sipping Cherry Coke. Benjamin Graham: “The margin of safety is achieved by having the foresight to purchase securities at a significant discount to their intrinsic value.” Warren Buffet: “It’s far better to buy… Continue reading
