Value investor Vijay Kedia asked investors to be careful in good times as more than 4,000 out of 5,000 stocks fit in the category of being "Bhangar Cap". PMS fund manager Shankar Sharma said investors must always insist on knowing how much money the PMS fund manager has made himself in his personal investing career. He also said PMS fund managers who do not charge performance fees should be avoided at all costs.
