The shift was largely because of two reasons. First, some of the small and mid-sized players, especially in the unorganised sector, shut down due to the lack of adequate liquidity to sustain operations. Two: there was a heightened need among consumers to prefer trusted, well-known brands and companies.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,