The problem of the market is that it doesn’t look at the past, it only tries to look at the future and discounts it. The future of most of the PSUs is extremely bleak. Governments around the globe have never been good managers / at least money managers.
One reply on “Naren on PSUs”
The problem of the market is that it doesn’t look at the past, it only tries to look at the future and discounts it. The future of most of the PSUs is extremely bleak. Governments around the globe have never been good managers / at least money managers.