Ruchir Sharma

There is something which is defined as quality.

And quality is a factor which is, there are about 1,200 such stocks in the world today, which are defined as quality.

What is quality exactly?

These are definitions which are used by all these indices.

These are companies which consistently produce very high returns on equity, capital, have very low leverage, steady earnings, relatively low volatility.

Boring stocks.

Boring.

Can we call them boring stocks?

You can call them boring, but in terms of steady eddies over time.

Yeah.

So of the 8,000, you narrow it down, the quality, and you get about 1,200 such stocks in the world today.

Then, you know, what I ended up doing was that let's look at the cheapest of these stocks, of these, you know, sort of stocks.

You're paying the least for their profits.

Because if you look at what's happened historically is that in the last 12 months, because of this market we have been in, these quality stocks in general have underperformed or done much worse in the market than possibly ever.

Right.

Because so many unprofitable, the SpaceX, et cetera, are doing so well.

So these companies have all been ignored and they have done very poorly.

Give us a couple of names.

Right.

What's a typical?