Value is relative. Expensive & Cheap are notions of P/E multiples. Out of the league, extraordinary, exceptional are man labelled adjectives. Antonyms are relevant becase there exists a synonym to the later, everything that has an esteem derives its value from parallel person, feeling, experience, substitute or the complete opposite.
The very fundamental concept of value derivation is based on demand & supply of the variables.demand & supply are results of investments, withdrawals & holding ontos’. Irreplaceable is a myth. HDFC group stocks which happened to be the darling of FIIs & stock markets as a whole, were beaten down over last year. they were dumped like there exists no tomorrow. Were the HDFC stocks not fundamentally strong. – they are the strongest of the lot, was there no future cash flows in picture- the revenue, the business are on a life time high. So why were they beaten down? Someone choose to not see the value, they found something else intresting, more deeply valued. again value is relative.
Is everything replaceable? Almost everything. Does continuance hold any ground? Now we are talking. Yes, it holds the entire land mass, provided you believe in the purpose. Almost everyone who has set benchmarks in life are a result of someone’s investment in them, Gradual, Consistent, Courageous. Someone spotted the next big thing they were going to be.
Every Multibagger stock, be it 10x, 100x or 500x, Is a result of someone’s investment, their relative wisdom, undivided attention & unparalleled beleif in the becoming.
Value is relative, it is always derived in consideration with the other. Both Multibagger stocks & Invaluable people are a result of Investments. Moral, emotional, financial & everything else that is needed & possible to be provided with.
– Amit Baspure.
Becoming AB 