Perma Bull, a long-term investor in Indian markets and someone who has reaped huge wealth from his die-hard optimism and conviction on Indian markets, has been having some sleepless nights. His portfolio has been underperforming badly over the last 1.5 years and his followers are now mocking him for completely missing out on the rally in gold. One follower even made fun of him for being caught in the hamster wheel of stagnation - expending relentless effort on equities, but stuck in the same spot or even moving backwards.

Deciding to keep his current views apart, he fixed a meeting with Doom to give himself a devil’s advocate perspective on the Indian markets and try to understand what he was missing.

Perma Bull: Hey Doom, I am sure you would have felt vindicated after the last two-yea

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