When mid-caps were rising, every concern on valuation was treated as unnecessary caution. Investors who advised patience were told they were missing the action. Now that the same mid-caps are falling, everything about them is seen as bad. Go back in history and you will realise that these are cycles that repeat every few years. The only difference: Every time, it is a new set of investors who learn their lesson. This time, it is the turn of those who entered the market post-Covid to realise that there is something called a bear market. And that it can be really painful.

The mood across global markets is not great at this point of time. News headlines point in directions we would rather they did not. But such is the reality of life. In the kind of…

When mid-caps were rising, every concern on valuation was treated as unnecessary caution. Investors who advised patience were told they were missing the action. Now that the same…