What did Mihir Vora say about new age companies?

Mihir Vora stated that the valuations of new age companies are part of long market cycles and not an anomaly, referencing historical market patterns.

Is investor fear about high valuations new?

No, investor fear about high valuations for new businesses has existed in every market cycle and is not a new phenomenon.

What is 'creative destruction' in markets?

Creative destruction is an ongoing process where new technologies and businesses emerge, disrupting or replacing existing ones.

Home / Business and Economy / Market Cycles: New Age Valuations Are Not an Anomaly

Market Cycles: New Age Valuations Are Not an Anomaly

15 Dec

•

Summary

Investment advisor Mihir Vora notes high Sensex churn.
He argues new age companies are part of market cycles.
Creative destruction is an integral part of markets.

Market Cycles: New Age Valuations Are Not an Anomaly

Investment advisor Mihir Vora has observed substantial churn within the Sensex, suggesting that the valuations of emerging "new age" companies are a predictable component of extended market cycles rather than isolated incidents.

Vora noted that apprehension among investors regarding the risks and high valuations of these newer businesses is a recurring theme. He stressed that such fears are not novel and have manifested across various market cycles throughout history.

He further elaborated that the principle of "creative destruction" has perpetually been a foundational element of both markets and economic evolution. This dynamic ensures that new technologies and business models continuously arise, either establishing novel markets or fundamentally altering established ones.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.