There was a time I suffered a 20% capital loss in a company called SBI Cards. Whenever I went to investor calls , I could never see the management bothered.
I could see the MD and CEO of SBI cards will move on to some other SBI group company in near future. His future was secured and no skin in the game .Thus, he would be unaffected if the stock did not recover even for the next decade.
That's when I decided that next company I buy should have their lives , their children's future and their networth dependent on the stock price.
And I wanted someone who was competent and valued the minority shareholders.
I sold all my SBI Cards position at a loss of North of 20% and put that in Divis Labs. And it recovered everything for me and more. I bought at 2900 a piece and sold all my position at 4500 a piece after an year. I sold too early. Today it trades at north of 6000. Divis literally was my first correct bet. What a great business to own if you get at a fair price!