The Risk of Over Valuation in Quality Businesses

Many of these companies are already listed right existing established business we're seeing a businesses trading at 60 times 80 times 100 times 150 times price to earning multiple. So in this light is that a risk that you see that people are betting on established business also but they are paying too much for that and continue to continue to do that year after year after year. Yes but at least these are going to go through like the nifty 50 in US sideways movement for years maybe and then subsequently they will rally and that's that was the experience that was seen and these are quality businesses so I think you know at I say potential we are underweight many of these companies  and we've been underweight for