Investing in stocks at a 50 P/E multiple (e.g., via SIP) will result in a 2% return expectation and lead to a systematic wealth transfer from India's middle class to the rich.
"if you are buying a stock at 50 p.a. multiple your return expectation is only 2% and what happens in a 250 p.a. environment you know the promoter comes in sales so I have said this a lot in private I am going to say this in public it is not SIP it is SWIT it is systematic wealth transfer from India's middle class to the rich"
