Munger on Buying Vs Holding

One reply on “Munger on Buying Vs Holding”

Does it mean that one should not buy even great companies like HDFC Bank, etc at any fancied price / at a multiple of more than 30 or P/BV of more than 5. The same is applicable for a quite a few companies in Sensex today trading at exorbitant prices. And this includes unlisted Reliance Retail / Reliance Jio also.

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