No Common Norm

Hasn’t the latest rally all but debunked a hallowed myth – that oodles of money from stocks must be only made at a slow pace, one step at a time? Or that wealth isn’t generated if the investor is not truly patient? Well, that theory has been very nearly dissolved, albeit temporarily, because more money seems to have been made in the past five months than in the previous five years, at least for the luckier sections. The point that needs enunciation is simple. Wealth-creation does not necessarily mean allocating a certain number of years; instead, an investor may well get in, get out, and between the two acts of ingress and egress, book profits all along. In a post-COVID world, the wealth generator has been able to choose the right stocks from a fairly large and diversified basket of contenders. His transactions have been correctly executed too, at prices that have been...