Why Smart Investors Keep Losing Money on Great Companies

Growth investing has created some of the biggest winners in market history.
But the same idea, when taken too far, has also led to some of the most painful drawdowns.

In this episode of Leverage by Qode, we break down a simple but overlooked truth: growth is powerful, but overpaying for it is expensive.
We explore how optimism slowly turns into unrealistic expectations, why re-ratings are often driven more by sentiment than fundamentals, and how markets struggle to separate fast growth from durable growth. More importantly, we look at what really causes valuation compression and why some of the strongest businesses still deliver poor returns when bought at the wrong price.

Because in the end, wealth creation is not about chasing the fastest-growing story it is about building a process that survives both the excitement and the correction