Contra Bets
- This Basket will Yield Capital Appreciation and Dividends
When the third richest person in the world- Mr Warren Buffett has made money on this philosophy ‘Be Greedy When Others are Fearful’, we should pay heed to it. Investors have been fearful in taking exposure in automobile, pharmaceutical and PSU sector and their stock prices have corrected brutally. Most of these stocks are trading below their ten year average price/earnings multiple. We have constructed this portfolio as the valuations are cheap and the stocks are offering good dividend yield.