If there is one thing we must learn to do in the year ahead, then it is to get the basics of our businesses right. We must seek profits rather than just valuation; we must build strengths rather than just leverage on debt; we must be prepared to play for long term gain rather than for instant gratification.
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| Krishna Kumar |
If only wishes were horses, the Sensex would have been kissing 40 k rather than playing hide and seek with the 10 k mark. If only wishes were horses, real estate and infrastructure offerings would have been picked up faster than they could have been thought of. If only wishes were horses, all of us would have been partying wildly instead of staring at gloomy predictions for the future.
If only...
Looking back, it is obvious what happened. Too many of us wanted too much too fast. And we played too loose to achieve it. It is obvious that we were not happy with accelerated growth rates and wanted even more.
And we are paying the price for it.
If there is one thing we must learn to do in the year ahead, then it is to get the basics of our businesses right. We must seek profits rather than just valuation; we must build strengths rather than just leverage on debt; we must be prepared to play for long term gain rather than for instant gratification.
Hopefully the year ahead will not be too hard. Happy new year.
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