If you wish to invest in companies whose share price falls or stays the same during a huge bull market…it’s a methodology followed by many I am sure.
No reason has been given why we should not expect more of the same going forward.
Each to their own. This I stand by. But no one has refuted my point that is EBIX has really been awful over the last 5 years while the market has reached record gains, and why should Ebix do any better now than before?
Investing is not about what something was bought for 15 years ago and the glory days. If it was I’d still be holding Qualcomm that I sold for a triple in 2006 after selling it for an 8x in 2000. Still be bragging about those returns while ignoring that since then my returns have been zilch.
But each is free to invest how they will. Even if they cannot tell me “why it is different now” for EBIX.
Tinker