For equity investors, buy-at-any-price will fail

No matter how good a business, overpaying for a stock negatively impacts returns. Saurabh Mukherjea’s Marcellus is only the latest example of the perils of forgetting this timeless lesson.

13 April, 202518 min
0
For equity investors, buy-at-any-price will fail

You may also like

Business
Story image

WeWork India: the IPO that could have been so much more

The co-working giant’s initial public offering is a missed opportunity that prioritizes promoter interests at the expense of incoming shareholders. Given this, the tepid investor interest is no surprise.

Business
Story image

Bajaj Finance’s Rajeev Jain has a lot of work to do

India’s leading NBFC wants to double its loan book in the next four years by focusing on areas neglected by others. The managing director has a plan for both achieving this growth and fixing its succession crisis.

Business
Story image

Fix what’s broken with quarterly results, don’t dump them

The debate set off by President Trump offers an opportunity to move beyond the letter of disclosure rules and focus on their spirit. At any rate, more information is better than less.