If everything is Obvious, Everyone would have made money. However Reality is,Very Few People Make Money in long run,So there is something which is beyond the obvious.
Second Level Thinking is what one needs!!!
This is how Howard Marks Explains Second Level Thinking.
#SA

More from Market cycle
18-19% ROE wale being bought by institutions at anywhere b/w 12 and 20x price to sales. Not many liked this space in 2013. Not many hate it today. Social validation in investing is a big curse ...
Ghor ChemYug 😆
Ghor ChemYug 😆
#DeepakNitrite valuation is most attractive in the space...
— jeevan patwa (@jeevanpatwa) June 30, 2021
growth will be most explosive in the space... pic.twitter.com/8VYdWwFApY