Challenging what I “know” – Indigo Airlines

I recently broke two of my own investing rules. I invested in the recent IPO of a company, in spite of (still) firmly believing that IPO stands for Imaginary Profits Only like Benjamin Graham famously referred to them. The other rule I broke is equally if not more egregious, that of investing in possibly the worst sector there is; the airline industry. Yes, I invested in the Indigo Airlines IPO that listed on October 27th 2015. It was tempting to do a post titled similar to this one, something called “5 reasons why Indigo Airlines is a fabulous stock pick” or why

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