Why is that so? For a start, defensive stocks should protect downside risks in a global environment that even the surest of soothsayers wouldn’t describe as predictable. Then, valuations in India aren’t cheap by any stretch of imagination, which puts territorial limits on how far the investing equivalent of explorers would go.
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,