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This is exactly what I said as well.
Check out my latest post; the kind of hate I got was insane but that’s alright.
You can’t help the arrogant. So what’s the point. Let the idiots buy the highs and sell at lows.
I don’t align with all your RSI and indicators nonsense because cheap can always become cheaper if the underlying business has no future.
Look at the market structure, we are getting 5-6 year discounts on these amazing companies. PE is only like 13-14 range now.
And it’s not just TCS, even INFY is trading at attractive valuations, and these are companies generating massive profitability of over 30-40% ROE ROCEs. They generate stable cashflows.
Sure, revenue growth has been weak for a while now, and it may not improve anytime soon as per brokerage firms and analysts.
Business is cyclical you can’t help, and we are in that phase where a big transition is happening within the industry. People are embedding AI into everything and that’s a game-changer.
If you look at the history, be it Y2K, Cloud, ERP, and whatnot. Every single time the same dumb crowd with a kind of herd mentality were like this is the end of Indian IT.
What happened later?
New jobs and newer lines of businesses opened up. Sure some jobs got replaced but even more jobs opened up, and the IT index itself went up like crazy after every one of these crashes. Earnings grew tremendously.
That’s the same kind of pattern happening today.
You can’t help everyone. If everyone buys the lows, everyone would be wealthy; and it would be a perfect world. It doesn’t work like that.
Go through smart money concepts, liquidity, and the concepts of institutional accumulation and distribution.
If a person has to buy something some seller should be there on the other end. Simple as that. It’s called transfer from weak hands to strong hands for a reason.
Sure it’s a risky investment. No investments aren’t risk free. The way I see it; the reward factor is far greater from this point than the risk.
If execution doesn’t go right, even these companies no matter how big they are or how strong their balance sheets are can also fail. That’s the risk factor.
Look at companies like Kodak, Blackberry, Nokia for instance on where they used to be and where they are now.
Anyways. Look this up all yourself, and use some common sense which is apparently very rare to come across these days.
And to all those people fearing AI will kill Indian IT because we won’t need that much manpower before, I am posting a slide from INFYs latest Q presentation the source of which is from WEF.
https://preview.redd.it/htj0nwpaqcbh1.jpeg?width=1146&format=pjpg&auto=webp&s=5509af5d65690d4d7afdb968304d068bd1b63e9f

I’m not assuming it.
And when did I mention these jobs would be created overnight?
Every crisis has been an opportunity in terms of new job creations and taking the index much higher. Be it Y2K, Cloud, ERP, and whatever crisis there was.
Oh and I didn’t make that slide. It is FYR from INFY’s latest quarterly presentation, and the source is WEF (World Economic Forum).
It’s clearly mentioned this **could** be a good buying opportunity for the long term considering the risk to reward. **Could be. Again. READ.**
Could they correct even more? Absolutely it can.
Wouldn’t be surprised if they correct even 50% from here. PEs then would be 5-6 with the current earnings.
If execution doesn’t go right, even big giants can fall and that is one thing history has taught us.
And alot of institutional investors and fund houses don’t see clarity yet; even they are not so positive about the short term. You can look it up.
IT is what moves the world forward and makes us more advanced as a civilisation.
It’s a risk with alot of uncertainty. If you don’t have the stomach for it go put your money in FD or something.

Good morning fellow enthusiasts, Top 1%ers and trolls! Budget For Life keeps creating awesome videos and I keep spreading the good content.
I love GameStop. I love BFL. Y2K Sub club doing my part to spread good DD and good DD this is!
Jeremy is a top quality guy but I know haters are gonna hate. The same people complaining about there being no good DD are the same ones complaining about the new DD providers. So whatever! I’m going b a keep sharing anyway