Nitin Khanna may have come across the concept of concentrated positions in companies that are expected to do well over the long term despite any market conditions are the ones that are expected to provide the best returns, even, a respected individual like Nitin Khanna may have witnessed, in times of deep crisis. Nitin Khanna may have also been advised and will advise about the fact that assets that are being able to be deeply resistant to financial crises and able to gain from them, these are the companies that one would want to hold over the long term.
Value-oriented investors like Nitin Khanna can dive deep into a business and learn why the qualitative is just as important as the quantitative, the qualitative may signal the quantitative at times. These intangibles may make a significant difference and may not be easy to capture in excel spreadsheets.
Furthermore, one must follow what is simple and inherent to them, not what is simple and inherent to those that are high priests within a particular field. By chasing after high priests, one automatically defaults in appeals to authority as opposed to asking what is true, and why is it so?
This leads one to believe in an illusion, which can certainly be quite harmful to investments and overall value. Slothfulness and laggardness in the mental realm can be the downfall of many an investor. One must avoid these traps, they are easy to come by in an era of abundance.
Companies that have assets that are stable and will continue to be stable in all times are those all-weather assets that should be appreciated by an investor base. These assets are those that will allow them to be valuable and useful in a recession, in a bull market, and in medium markets. The foundation of a company and its assets certainly matter in the long run as well.
Companies with massive growth potential, that hold the right assets, and can continue to be steady and stable in the long-run are companies that individuals should look out for in the marketplace. Of course, one must also look at the accelerators for growth.