“When you love blindly, even flaws seem like virtues.” → When you deeply like or love someone, you may ignore their weaknesses. Their mistakes or shortcomings may even appear charming, acceptable, or even “good” to you. For example, if someone is stubborn, you might call it “determined” because you love them.
“When your dislike is intense, even virtues seem like flaws.” → On the other hand, if you dislike someone, even their positive qualities can appear negative. For instance, if someone is confident, you might see them as arrogant—simply because your attitude toward them is negative.
“Mend Your Attitude” → The key message is that it’s not always the person who is truly good or bad—it’s often our own perspective that is biased. By adjusting your attitude (removing the “blinding” effects of love or dislike), you can see people more clearly and fairly.
Posted: 01 Nov 2024
Swiggy's IPO price range of Rs 371 to Rs 390 is considered attractively valued, and was decided after comparing its ratios with the listed peer and adding qualitative factors to the same value, said an investment banker attending the IPO press conference. Swiggy's competitor Zomato is currently trading at a trailing P/E of 297x, whereas the former's ratio stands at -35.23x. However, Swiggy's price range is positioned higher than Zomato's current trading price of Rs 247 at the close of the session on October 30. Swiggys pre-IPO earnings per share (EPS) is calculated based on pre-issue shareholding, as stated in the Red Herring Prospectus (RHP), and the latest earnings for the fiscal year ending March 31, 2024. On the financial front, Swiggy reduced its losses for FY24 to Rs 2,350.2 crore, down from Rs 4,179.3 crore the previous year, while revenue from operations grew by a robust 36 percent to Rs 11,247.4 crore, up from Rs 8,264.6 crore.
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Be prepared to invest in a down market and to "get out" in a soaring market, as per the philosophy of Warren Buffett.