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Posted by
Two Blokes Mon at 10:30 AM -
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India Fund trades at elevated valuations — top holdings average a 41x P/E ratio, pricing in perfection and leaving little room for error. India is in the boom phase of its cycle, which historically leads to future disappointments for latecomers. Valuations and sentiment mirror pre-crash China in 2007. Charlie Munger's advice to "fish where the fish are" inspires my focus on overlooked opportunities in emerging markets. There aren't many fish in India left.
