It happened in an Investor's group a few weeks back. I was invited to talk on current market scenario. Lot of questions came up on quality stocks valuation. I paused for a while. Then conducted a poll among the 60 odd gathering.

How many of you own Bata?

Just 3 out of 60.

How many of you own Hul?

Just 4 out of 60.

How many of you own Asian paints?

Just 2 out of 60.

How many of you own Yes?

52 out of 60.

How many of you own Dhfl?

54 out of 60.

Next question was.

1. What prevented you from buying a Bata or Hul or Asian 4 or 5 or 6 years back?

Answer: Slow stocks.

Next question was.

1. What made you purchase Yes or Dhfl?

Answer: Fast moving stocks. We can make quick bucks. So we bought.

Then i asked them to introspect. Just learn from these mistakes and fine tune your process. Don't bother too much about what you don't own. Focus on what you own. Obsession on what others own will never lead to a good outcome.