The art (and science) of chasing hot sectors 🔥📈📉🔥 The end of the Second World War marked the begi...
The art (and science) of chasing hot sectors 🔥📈📉🔥 The end of the Second World War marked the beginning of an over two-decade-long bull run on Wall Street. As is the case with all bull markets, this one too had its blue-eyed sector—airlines. ‘Air-transport stocks’ were all the rage back then, with investors scrambling to scoop up as many shares as possible. Aeronautical Securities and the Missiles-Rockets-Jets & Automation Fund were among the hottest mutual funds of the late 1940s and early 1950s. Aviation ticked all the boxes of what fund managers considered the ‘ideal’ sector—a scorching pace of growth, extraordinary technological advancements and seemingly inexhaustible demand. What could go wrong? As it turned out, a lot. Read my full story here -- Gunning for glory: Can defence stocks armour-plate your portfolio? https://lnkd.in/gqu3NXfK Download mint app for latest in Business News - https://bit.ly/32XEfFE Big thanks to Prashant Rao Anirudh Garg George P Thomas and Sonam Srivastava for your valuable insights.
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