model portfolio

Bad markets provide some of the best investment opportunities and most of the smart investors look at it optimistically. The logic is very basic: It’s easier to find good businesses at reasonable or very low valuations during such periods and during the ensuing bull run one gets the benefit of both earnings and PE rerating. While bad markets don’t promise immediate returns, our experience suggests that investments made during downturns deliver the best returns in 3-4 years. Luckily, these days…