Leaders of past cycles hardly ever lead in the next cycle but financials’ spot in the sun will come: Hiren Ved
Hiren Ved, Director & CIO, Alchemy Capital, says every bull market sees sector rotation. So, financial will have their time under the sun at some point in time. But am I very bullish on largecap private banks leading this bull market? The answer is no. I think they were leaders of the previous bull market and people have kept on harping that this is an area that is cheap and there is value but it has continued to underperform. Very seldom do leaders of the previous cycle lead in the next cycle.
One feels FOMO about booking profits, but then the markets rally further and you feel that you have taken off money too early? How do you marry the two dichotomies? Do you stay put or book something off the table?
Hiren Ved: Booking profits and then doing what with that money?
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Hiren Ved: One of my experiences of participating in the 2002-2003 to 2007-2008 bull market was that do not try to be cute and pre-empt a correction. To answer your analogy, do not get off the horse. The horse may not gallop, it may trot, that is fine, but do not get off the
