This thread offers many valuable lessons. While I haven’t invested in or tracked Raymond Lifestyle, my curiosity was piqued when I saw it was the 6th biggest loser.
One key takeaway is that we often put too much emphasis on conviction. Many VP friends in our group have invested heavily in RL, believing strongly in its potential. However, the lesson here is that conviction is important, but as the saying goes, “No one knows beyond a certain point.”
Instead of endlessly averaging down, it’s wiser to let the market decide once a significant amount has already been allocated to a stock. Thanks for valuable lession in my investment journey.
Valuation seems compelling but where the growth will come from?
As highlighted in the earlier post, young don’t associate with the brand. Relying solely on Garmenting for growth won’t move the needle much.
Comparatively,
Arvind fashions has good brands.
ABFRL has a very vast portfolio of brands, retails chains, and big in ethnic.
Wouldn’t it be prudent to invest in these stocks in the market downturn as compared to the Raymond Lifestyle?
