Zerodha’s Nithin Kamath cautions investors on crazy valuations of brokerages

“I am pessimistic about the valuations of brokerages around the world, including that of Zerodha. This is because the performance of broking is directly tied to market performance. If people aren’t making money or there is no greed, activity usually drops off a cliff,” Kamath said

from Tech-Economic Times https://ift.tt/3opn8uH