The Golden Thumbrule: Balancing growth and value across cycles – lessons from Anand Shah’s 25-year investing journey

Anand Shah, CIO at ICICI Prudential AMC, emphasizes that companies, not markets, create wealth through compounding. His BMV framework (Business, Management, Valuation) guides stock selection, prioritizing sustainable earnings growth, quality, and reasonable valuations. Shah advocates for businesses that outperform their sectors and grow faster than GDP, while surviving downturns.