The evolution of mutual fund houses in India โ from 1 AMC in 1964 to 50 in 2025.
SBI Mutual Fund leads the industry with the highest AUM.โ
Credit : @ValueResearch
I would rather own a stock that's reporting strong earnings trading at a relatively high P/E ratio than a stock showing signs of trouble trading at a very low P/E.
Lesson from "Trade Like a Stock Market Wizard" book by @markminervini
No matter how many warnings are issued or how many laws are written, people will find new ways to believe that the good times can last forever. They will dress up hope as certainty. And in that collective fever, humanity will again and again lose its head.
The enduring lesson is not that booms can be prevented or that busts can be fully averted. It is that we need to remember how easily we forget. The antidote to irrational exuberance is not regulation by itself, nor skepticism, but humilityโthe humility to know that no system is foolproof, no market fully rational, and no generation exempt.
The greater the heights of our certainty, the longer and harder we fall.
1929 by Andrew Ross Sorkin
A timeless risk management lesson from Jesse Livermore๐
Book : Trade Like a Stock Market Wizard by Mark Minervini.
Day 99 of posting "100 Lessons in 100 Days".