Fund manager Peter Lynch advocated for the “buy what you know” theory, emphasizing investing in companies you interact with and understand. Trainline, specializing in UK rail tickets, is an example of this approach, offering convenience and strong customer service. With revenue growth, expanding margins, and market momentum, Trainline presents a reasonable investment opportunity at a valuation of 24 times forecast earnings for 2025.
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India’s Economy Slows Down Just When It Was Supposed to Speed Up
A year ago, India was rebounding from a Covid-induced recession, boasting of being the world's fastest-growing major economy and surpassing China in population. However, recent setbacks have seen the economy slow down, with the stock market erasing gains, the rupee falling against the dollar, and overseas investors exiting. Challenges include lack of demand, stagnant wages, and the government's struggle to address economic issues, with hopes pinned on potential tax cuts in the upcoming budget to...
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