Thanks for sharing the ppt Donald. Clearly shows the amount of work you have done on the VP companies.
Regarding not being able to fully ride all the winners- Over the last 3 years, some temporary times have come where some of these companies have shown signs of slowdown/ concerns on management.
Mayur had 2-3 quarters of no growth & had given guidance of 12% sales growth for FY14/Atul Auto had 3-4 months of 10% or so vehicle growth numbers & valuation has become expensive/Astral has become very expensive/Poly has seen concerns on promoters / Kaveri promoters have shown intention of stake sale.
Having reduced position in same of these companies during these tough times, I feel myself in same boat of those core VP members which have not gone the full distance with these companies.
When the going is good anyone can hold; high conviction and BQ & MQ score helps in tough times!! Congrats to you for holding in those tough times!!
Regarding BQ & MQ comparison, even I find BQ to be more important than MQ. Sun TV is still running despite the Marans but same can’t be said about Spicejet