higher and higher, what people understand as the good qualities of business sometimes may not be well represented And,
it could be an illusion of your understanding of the business So, in good times, lot of bad things get hidden, and it could give wrong signals to the investor
So, my advice to the investors is that this is a sector which is fraught with lot of risks Risk should never be ignored While last 2-3 years didn't show up but market will definitely show its true character at some point And, it will keep showing the volatility
So, I think these risks should always be kept in mind Be very disciplined People also tend to lose discipline as the markets keep going higher and higher There is a dilution in the checks which one wants to do